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 Programs & Solutions
- Procedures to Protect Cashflow
- Eviction Moratorium
- Workplace Security
- Instructions, Releases and Past Updates
- Translated Papers
https://installmentpersonalloans.org/payday-loans-wa/
Employee, Artist and Arts Nonprofit Resources
For the latest Alameda County Health that is public Order approved available and shut organizations, please look at the preparing Resources for Business Re-Opening web site
Request one-on-one Company Assistance
Organizations, nonprofits and single proprietors are expected to use the City’s COVID-19 Company Impact information Survey, to get private support.
Smaller businesses, nonprofits, single proprietors and separate contractors may feel overrun by the numerous help choices available. Please think over:
- Using 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 trying to get the Payroll Protection Program (PPP) had been 8, 2020 august. SBA information reveals that significantly more than 6,700 Oakland organizations have already been authorized for PPP loans.
SBA’s Paycheck Protection Program offered loans as much as ten dollars million together with choose banking institutions. This can be a loan that is forgivable keep workers on payroll and keep maintaining income amounts for approximately 24 days. To be forgiven, at the very least 60percent associated with loan can be used for payroll, such as the price of employer-provided health advantages. If you have already let go your workers, this loan gives the possibility to employ them right back.
- Less overall is needed to be spent on payroll. Initially 75% for the loan must be useful for keeping payroll to enable the mortgage to be forgiven. That threshold is currently 60% – permitting as much as 40per cent to be utilized on lease, home loan, interest and resources.
- More hours to pay the cash. Borrowers will currently have 24 months to utilize their PPP funds, as opposed to the initial 2 months.
- More hours to rehire staff. Borrowers are in possession of until December 31 to ultimately achieve the staffing mandate of keeping the typical range workers that they had on payroll at the time of February 15.
- More hours to settle. For anyone loans which are not fully forgiven, borrowers currently have 5 years to cover straight straight back loans made on or after 5 june. For the people with loans made just before 5, check with your lender about entering an agreement to extend your repayment period june.
PPP Loans Frequently Asked Questions – might 27, 2020 (includes information about loan forgiveness)
Loan Forgiveness Application and instructions that are detailed been released for the Payroll Protection Program. The proper execution and directions consist of a few measures to cut back conformity burdens and simplify the method for borrowers.
SBA’s Economic Injury Disaster Loan
June 15, 2020 modify: The SBA has reopened the Economic Injury catastrophe Loan (EIDL) and EIDL Advance program portal to all or any qualified candidates experiencing financial effects because of COVID-19. Given that the EIDL and EIDL Advance application portal is accepting brand new applications, extra smaller businesses and non-profits should be able to receive long-lasting, low-interest loans and crisis funds – decreasing the financial effects of COVID-19 on their companies, workers while the communities they help.
The SBA has encouraged the town that companies who sent applications for A financial damage catastrophe Loan (EIDL) ahead of March 30, should re-apply now utilising the portal that is online.
Prepping to try to get crisis SBA Economic Injury Loans – Source: Northern California small company developing Centers
- Apply on line at SBA’s Disaster Loan Assistance Portal
- Make sure to look at the field at end for the application for approximately $10,000 advance grant, grant total is dependent on pre-disaster worker count ($1,000 per worker)
- This is basically the way that is fastest to have quick monetary help. Also in the event that you decide to not make the loan or are declined, you nevertheless keep consitently the cash loan as a grant
- View a video that is informational the Economic Injury Disaster Loan
That is generally speaking eligible:
- Smaller businesses (generally speaking people that have lower than 500 workers)
- Sole proprietors, separate contractors and self-employed individuals
- Cooperatives
- Nonprofits – 501(c), 501(d) or 501 ( ag e)
- Faith-based businesses, no matter whether they supply 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 applying due date is 6 pm on 9 december.
The East Bay Community Energy’s (EBCE) COVID-19 Community Grant provides funds all the way to $10,000 to for-profit or organizations that are nonprofit provide help in one or more of the after areas: Assistance in Energy or bills, Food safety, Rent help, bodily and Mental Health solutions
The Beauty Changes Lives Nail pro Relief Grant is available to licensed experts who can perhaps not keep their regular earnings throughout the pandemic that is COVID-19. One-time funds of $1,000 can be found to offer short-term relief that is financial qualifying candidates that indicate monetary hardships. The application that is two-part perhaps maybe not tuned in to cellular devices, therefore please apply making use of a pc or tablet. Applications are actually available.
Chance Fund’s Business Relief Fund
East Bay Community Foundation’s COVID-19 – A just East Bay Response Fund for nonprofits
The Foundation Directory on line helps nonprofits find capital by giving details about the biggest public and private fundamentals when you look at the U.S.
Loan Products
The California Rebuilding Fund is a loan that is new developed to help Ca’s smaller businesses while they adapt and navigate the consequences of COVID-19. Bbusinesses with as much as 50 full-time workers and gross profits of not as much as $2.5 million or below in 2019 can be entitled to use.
- Centro Community Partners offers neighborhood entrepreneurs and companies help when obtaining a KIVA loan
Catastrophe Relief Loan Guarantee Program loans for small enterprises and nonprofits
