COVID-19 Business and Employee Resources

Resources for Oakland companies, nonprofits and employees to prepare, prepare and answer 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
• Instructions, 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 closed businesses, please go to the preparing Resources for Business Re-Opening web site

Request one-on-one Company Assistance

Organizations, nonprofits and sole proprietors are expected to make the town’s COVID-19 Company Impact information Survey, to get assistance that is one-on-one.

Small enterprises, nonprofits, sole proprietors and separate contractors may feel overrun by the numerous help choices available. Please contemplate:

• Using now for the 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 trying to get the Payroll Protection Program (PPP) ended up being August 8, 2020. SBA data reveals that significantly more than 6,700 Oakland companies have already been approved for PPP loans.

SBA’s Paycheck Protection Program offered loans as much as ten dollars million together with choose banking institutions. This really is a loan that is forgivable keep workers on payroll and continue maintaining income levels for up to 24 weeks. To be forgiven, at the least 60percent of this loan is employed for payroll, such as the price of employer-provided health advantages. If you have already let go your workers, this loan supplies the chance to employ them right back.

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

PPP Loans faqs – might 27, 2020 (includes informative data on loan forgiveness)

Loan Forgiveness Application and instructions that are detailed been released when it comes to Payroll Protection Program. The shape and directions consist of several measures to lessen conformity 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 all or any qualified candidates experiencing financial effects as a result of COVID-19. Now that the EIDL and EIDL Advance application portal is accepting applications that are new extra smaller businesses and non-profits should be able to get long-lasting, low-interest loans and crisis funds – decreasing the financial effects of COVID-19 on the businesses, workers as well as the communities they help.

The SBA has encouraged the town that companies whom applied for a financial damage tragedy Loan (EIDL) just before March 30, should re-apply now utilizing the online portal.

Prepping to use for Emergency SBA Economic Injury Loans – Source: Northern California small company developing Centers

• Apply on line at SBA’s Disaster Loan Assistance Portal
• Make sure to check out the field at end associated with application for approximately $10,000 advance grant, grant total is founded on pre-disaster worker count ($1,000 per employee)
• This is actually the way that is fastest to have fast 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 qualified:

• Smaller businesses (generally speaking people that have not as much as 500 workers)
• Sole proprietors, separate contractors and persons that are self-employed
• Cooperatives
• Nonprofits – 501(c), 501(d) or 501 ( ag ag e)
• Faith-based companies, no matter whether they give you secular social solutions

Want Assistance navigating and SBA loan system?

• Berkeley Law studentshelp small businesses navigate the federal CARES Act

Give Programs

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

The East Bay Community Energy’s (EBCE) COVID-19 Community Grant offers funds as high as $10,000 to for-profit or nonprofit companies that provide help in one or more associated with after areas: Assistance in Energy or bills, Food Security, payday loans in Indiana no credit check Rent help, bodily and Mental Health Services

The Beauty Changes Lives Nail expert Relief give is present to licensed experts who can perhaps perhaps perhaps not keep their regular earnings throughout the COVID-19 pandemic. One-time funds of $1,000 can be obtained to supply short-term monetary relief to qualifying candidates that prove monetary hardships. The application that is two-part perhaps maybe maybe not tuned in to cellular devices, so please apply making use of some type of computer or tablet. Applications are actually available.

Chance Fund’s Small Company 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 details about the public that is largest and personal fundamentals within the U.S.

Loan Products

The California Rebuilding Fund is really a brand new loan program created to help Ca’s smaller businesses because they adjust 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 qualified to use.

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

Disaster Relief Loan Guarantee Program loans for small enterprises and nonprofits