Businesses and Nonprofits
Financial Relief and Assistance for Businesses
The California Restaurant Foundation will be accepting applications April 11 for its Restaurants Care Resilience Fund. This fund will provide grants up to $5,500 to operators of single-location restaurants while prioritizing businesses owned by women and people of color. The grants are open to restaurants with 50 or fewer workers, which are currently open. Eligible restaurants must have had a revenue loss of at least 20% from 2019 to 2020.
Applications will open from April 11 through 18.
This grant provides emergency assistance for eligible venues affected by COVID-19. The program includes over $16 billion in grants to shuttered venues, to be administered by SBA’s Office of Disaster Assistance.
Eligible applicants may qualify for grants equal to 45% of their gross earned revenue, with the maximum amount available for a single grant award of $10 million. $2 billion is reserved for eligible applications with up to 50 full-time employees.
Eligible entities include:
- Live venue operators or promoters
- Theatrical producers
- Live performing arts organization operators
- Relevant museum operators, zoos and aquariums who meet specific criteria
- Motion picture theater operators
- Talent representatives
A free informational webinar will be held Tuesday, March 30. Register here.
The second round of California’s Small Business COVID-19 Relief Grant Program will open for another round of applications Tuesday, Feb. 2 through Monday, Feb. 8. Any eligible applicants who did not receive funding during the first round will automatically be considered and do not need to re-apply.
Here are local partners that are supporting businesses through the application process: https://careliefgrant.com/partner/sacramento/
The State of California is now accepting applications for the California Competes Tax Credit. $80M in tax credits is available for businesses that are expanding and adding full-time jobs in California. Deadline is 11:59 p.m. (PST) Jan. 25. Applications will be accepted again March 8, 2021 – March 29, 2021.
SBA is accepting applications from small businesses and nonprofits that have yet to receive a PPP loan via community financial institutions. Applications for second round PPP loans will open January 13, 2021. The Paycheck Protection Program will be accepting applications until March 31, 2021.
California’s EDD provides a variety of support services to people who have lost their jobs or have had their hours reduced due to the impact of COVID-19 in California including:
- Pandemic Unemployment Assistance (PUA) is offered to unemployed business owners, self-employed independent contractors and others not eligible for regular state unemployment benefits.
- Work Sharing Program is offered to companies as an alternative to layoffs. It allows employees to receive unemployment benefits while still keeping their current jobs.
The U.S. Federal government has funding programs available to assist businesses impacted by COVID-19.
Temporary funding programs have been established though the SBA to provide disaster assistance loans for small businesses. Live agents are available to guide you through the process at 1-800-659-2955. Read information about the major programs available.
The State of California has allocated $50M to the IBank Small Business Finance Center to assist small businesses that may not qualify for federal funds. The program provides guarantees for loans up to $50K for small business borrowers in declared disaster areas.
The State of California is providing broad assistance to qualifying small businesses and employers impacted by COVID-19.
In an effort to support local businesses as they navigate the COVID-19 outbreak and its economic repercussions, the City of Sacramento’s Office of Innovation and Economic Development has launched a video webinar series.
SMUD has implemented a moratorium on service disconnections for non-payment through January 4, 2021. Agents are available to assist with payment plans at 1-888-742-7683.
PG&E has implemented a moratorium on service disconnections for non-payment. The suspension applies to commercial and residential customers and is in effect until further notice. Agents are available to assist with payment options at 1-877-704-8470.