Resources for Oakland businesses, nonprofits and employees to prepare, 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
• Unemployment Advantages
• Sick & Disability Keep
• Help Products & Solutions
• Procedures to Preserve Cashflow
• Eviction Moratorium
• Workplace Security
• Purchases, Releases and Past Updates
• Translated Papers

Employee, Musician and Arts Nonprofit Resources

For the latest Alameda County general public wellness Order and authorized available and closed companies, please look at the preparing Resources for Business Re-Opening web page

Request one-on-one Company Assistance

Organizations, nonprofits and single proprietors are expected to make the town’s COVID-19 Company Impact information Survey, to get private support.

Smaller businesses, nonprofits, sole proprietors and separate contractors may feel overrun by the support that is many 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

Improve: The due date for obtaining the Payroll Protection Program (PPP) ended up being 8, 2020 august. SBA information implies that significantly more than 6,700 Oakland companies 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 is certainly a loan that is forgivable keep workers on payroll and continue maintaining income amounts for as much as 24 months. To be forgiven, at the very least 60percent associated with loan is employed for payroll, like the price of employer-provided health advantages. If you have already let go your workers, this loan offers the chance to employ them straight back.

• Less overall is needed to be used on payroll. Initially 75% associated with loan must be utilized for keeping payroll to help the mortgage to be forgiven. That limit is currently 60% – permitting as much as 40per cent to be utilized on lease, home loan, interest and resources.
• Additional time to blow the funds. Borrowers will currently have 24 months to utilize their PPP funds, as opposed to the initial 2 months.
• More hours to rehire staff. Borrowers currently have until December 31 to ultimately achieve the staffing mandate of keeping the number that is average of they had on payroll at the time of February 15.
• Additional time to settle. For everyone loans which are not completely forgiven, borrowers are in possession of 5 years to pay for right back loans made on or after 5 june. For the people with loans made ahead of June 5, consult with your loan provider about entering an understanding to increase your payment duration.

PPP Loans faqs – might 27, 2020 (includes all 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 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 as a result 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 get long-lasting, low-interest loans and crisis funds – reducing the financial effects of COVID-19 on the organizations, workers in payday loans Nebraska addition to communities they help.

The SBA has encouraged the town that companies whom sent applications for a financial damage tragedy Loan (EIDL) ahead of March 30, should re-apply now utilising the online portal.

Prepping to use for crisis SBA Economic Injury Loans – Source: Northern California business developing Centers

• Apply on line at SBA’s Disaster Loan Assistance Portal
• Make sure to check out the field at end of this application for approximately $10,000 advance grant, grant total is founded on pre-disaster worker count ($1,000 per worker)
• This is actually the quickest means to obtain fast monetary help. Also you still keep the cash advance as a grant if you decide not to take the loan or are declined
• View a video that is informational the Economic Injury Disaster Loan

Who is generally qualified:

• Small enterprises (generally speaking people that have lower than 500 workers)
• Sole proprietors, separate contractors and persons that are self-employed
• Cooperatives
• Nonprofits – 501(c), 501(d) or 501 ( ag ag 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 CARES that is federal Act

Give Programs

Laney & Merritt students BWOPA CARES Fall 2020 Grants of $250. The application form due date is 6 pm on 9 december.

The East Bay Community Energy’s (EBCE) COVID-19 Community Grant provides funds as high as $10,000 to for-profit or nonprofit businesses that provide help in one or more associated with after areas: Assistance in Energy or bills, Food safety, Rent help, bodily and Mental Health solutions

The Beauty Changes Lives Nail expert Relief give is present to licensed experts who can maybe not keep their regular earnings through the pandemic that is COVID-19. One-time funds of $1,000 are available to deliver short-term monetary relief to qualifying candidates that show monetary hardships. The application that is two-part maybe perhaps not attentive to cellular devices, therefore please apply utilizing some type of computer or tablet. Applications are now actually available.

Chance Fund’s Business Relief Fund

East Bay Community Foundation’s COVID-19 – a simply East Bay Response Fund for nonprofits

The Foundation Directory on line helps nonprofits find capital by giving information regarding the biggest public and personal fundamentals into the U.S.

Loan Products

The California Rebuilding Fund is a loan that is new developed to help Ca’s smaller businesses while they adjust and navigate the consequences of COVID-19. Bbusinesses with as much as 50 full-time workers and gross revenues of significantly less than $2.5 million or below in 2019 might be entitled to use.

• Centro Community Partners offers regional business owners and companies help when trying to get a KIVA loan

Catastrophe Relief Loan Guarantee Program loans for small enterprises and nonprofits