Resources for Oakland companies, nonprofits and employees to plan, prepare and react to Coronavirus 2019 (COVID-19).
- Employee, Musician and Arts Nonprofit Resources
- Request one-on-one Company Assistance
- SBA Loans & Advance Give
- Give Programs
- Loan Products
- Jobless Advantages
- Sick & Disability Keep
- Help Products & Solutions
- Procedures to Protect Cashflow
- Eviction Moratorium
- Workplace Security
- Purchases, Releases and Past Updates
- Translated Documents
Employee, Musician and Arts Nonprofit Resources
For the latest Alameda County Health that is public Order authorized available and shut companies, please go to the preparing Resources for Business Re-Opening web site
Request one-on-one Company Assistance
Organizations, nonprofits and single proprietors are asked to make the town’s COVID-19 Company Impact information Survey, to get assistance that is one-on-one.
Small enterprises, nonprofits, single proprietors and separate contractors may feel overwhelmed by the support that is many available. Please contemplate:
- Applying now when it comes to SBA’s Economic Injury Disaster Loan and give Advance
- Pursuing a crowdsourced, zero-interest loanfrom KIVA
SBA Loans & Advance Give
SBA’s Payroll Protection System
Modify: The due date for obtaining the Payroll Protection Program (PPP) had been 8, 2020 august. SBA information demonstrates that significantly more than 6,700 Oakland organizations have already been authorized for PPP loans.
SBA’s Paycheck Protection Program offered loans as high as ten dollars million together with choose banking institutions. This might be a forgivable loan to keep workers on payroll and continue maintaining salary amounts for approximately 24 months. To be forgiven, at the least 60percent for the loan can be used for payroll, like the cost of employer-provided health advantages. This loan provides the opportunity to hire them back if you’ve already laid off your employees.
- Less cash is needed to be used on payroll. Initially 75% associated with loan needed to be employed for keeping payroll to ensure that the mortgage to be forgiven. That limit has become 60% в?“ enabling as much as 40per cent to be utilized on lease, mortgage, interest and resources.
- More hours to expend the amount of money. Borrowers will are in possession of 24 months to make use of their PPP funds, rather than the initial 2 months.
- More hours to rehire staff. Borrowers currently have until December 31 to attain the staffing mandate of keeping the normal amount of workers that they had on payroll at the time of February 15.
- More hours to settle. For anyone loans that aren’t completely forgiven, borrowers currently have 5 years to pay for right straight back loans made on or after June 5. For many with loans made just before 5, check with your lender about entering an agreement to extend your repayment period june.
PPP Loans faqs – might 27, 2020 (includes information about loan forgiveness)
Loan Forgiveness Application and instructions that are detailed been released for the Payroll Protection Program. The shape and guidelines consist of a few measures to cut back compliance burdens and simplify the method for borrowers.
SBA’s Economic Injury Disaster Loan
June 15, 2020 improve: The SBA has reopened the Economic Injury tragedy Loan (EIDL) and EIDL Advance program portal to any or all applicants that are eligible financial effects as a result of COVID-19. Given that the EIDL and EIDL Advance application portal is accepting applications that are new extra small enterprises and non-profits should be able to get long-lasting, low-interest loans and crisis grants в?“ decreasing the financial effects of COVID-19 on the companies, workers therefore the communities they help.
The SBA has encouraged the town that organizations whom sent applications for A financial damage tragedy Loan (EIDL) ahead of March 30, should re-apply now utilising the online portal.
Prepping to try to get crisis SBA Economic Injury Loans – Source: Northern California business developing Centers
- Apply on line at SBA’s Disaster Loan Assistance Portal
- Make sure to look at the package at end for the application for approximately $10,000 advance grant, grant total will be based upon pre-disaster worker count ($1,000 per worker)
- Here is the quickest means to obtain fast monetary help. Also in the event that you decide never to use the loan or are declined, you nevertheless keep carefully the advance loan as a grant
- View a video that is informational the Economic Injury Disaster Loan
Who’s generally speaking qualified:
- Small enterprises (generally speaking individuals with not as much as 500 workers)
- Sole proprietors, separate contractors and persons that are self-employed
- Cooperatives
- Nonprofits в?“ 501(c), 501(d) or 501 ( ag ag e)
- Faith-based businesses, no matter whether they offer secular social solutions
Want Assistance navigating and SBA loan system?
- Berkeley Law studentshelp small businesses navigate the federal CARES Act
Grant Programs
Laney & Merritt students BWOPA CARES Fall 2020 funds of $250. The program due date is 6 pm on December 9.
The East Bay Community Energyв??s (EBCE) COVID-19 Community Grant provides funds as much as $10,000 to for-profit or nonprofit businesses that provide help in one or more of the after areas: Assistance in Energy or bills, Food protection, Rent help, bodily and Mental Health Services
The Beauty Changes Lives Nail pro Relief give is present to licensed experts who can perhaps maybe perhaps not keep their regular earnings throughout the pandemic that is COVID-19. One-time funds of $1,000 can be obtained to supply short-term economic relief to qualifying candidates that display monetary hardships. The two-part application is maybe not attentive to mobile phones, therefore please apply making use of a pc or tablet. Applications are now actually available.
Opportunity Fund’s Small Company Relief Fund
East Bay Community Foundationв??s COVID-19 в?“ a simply East Bay Response Fund for nonprofits
The Foundation Directory on the web helps nonprofits find capital by giving information on the public that is largest and personal fundamentals into the U.S.
Loan Products
The California Rebuilding Fund is just a brand new loan system created to help Ca’s smaller businesses because they adjust and navigate the results of COVID-19. Bbusinesses with as much as 50 full-time workers and gross profits of significantly less than $2.5 million or below in 2019 could be qualified to use.
- Centro Community Partners offers entrepreneurs that are local organizations help whenever trying to get a KIVA loan
Tragedy Relief Loan Guarantee Program loans for smaller businesses and nonprofits