Business and Worker Resources. Resources for Oakland companies, nonprofits and employees to prepare, prepare and react to 2019 .
Worker, Musician and Arts Nonprofit Resources
When it comes to latest Alameda County general public wellness Order and authorized available and shut companies, please go to the preparing Resources for Business Re-Opening web site
For updates through the State of California, please check out
Request one-on-one Company Assistance
Organizations, nonprofits and single proprietors are expected to make the City’s Company Impact information Survey, to get assistance that is one-on-one.
Assist us develop an comprehensive data data recovery plan if you take a survey that is brief.
Smaller businesses, nonprofits, single proprietors and separate contractors may feel overrun by the support that is many available. Please contemplate:
SBA’s Paycheck Protection System
SBA is accepting Paycheck Protection Program (PPP) applications through might 31, 2021. While almost all of the funds are exhausted, the SBA would be accepting brand new applications from Community banking institutions (CFI). Find a participating CFI simply by using SBA’s Lender Match device or this roster of participating lenders that are local.
President Biden additionally announced program that is additional to produce usage of PPP loans more equitable. SBA will:
The Paycheck Protection Program is that loan made to give a direct motivation for small enterprises to help keep their staff regarding the payroll. The maximum loan amount is 2.5 times their average monthly 2019 or 2020 payroll costs up to $2 million for most borrowers. For borrowers into the Accommodation and Food Services sector the utmost loan quantity is 3.5 times their typical monthly 2019 or 2020 payroll expenses as much as $2 million.
SBA will forgive loans if all worker retention requirements are met, therefore the funds are employed for qualified costs.
The U.S. Internal Revenue Service enables companies that got their Paycheck Protection Program loans forgiven to publish down costs taken care of with this cash, aligning their policy with legislation passed away by Congress in December 2020.
A recently passed away State legislation enables California companies to prevent state that is paying on forgiven loans through the federal Paycheck Protection Program also to subtract the expense of costs that people loans taken care of.
Need Assistance navigating an SBA loan program?
SBA’s Economic Injury Disaster Loan
March 26, 2021 upgrade: beginning the week Home Page of April 6, the SBA is increasing the optimum amount small enterprises and non-profit businesses can borrow up to 24-months of financial damage having an amount that is maximum of500,000.
June 15, 2020 Update: The SBA has reopened the Economic Injury catastrophe Loan (EIDL) system portal to all or any applicants that are eligible financial impacts as a result of . Given that the EIDL application portal is accepting applications that are new extra small enterprises and non-profits should be able to get long-lasting, low-interest loans – decreasing the economic effects of to their companies, workers additionally the 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, 2020, should re-apply now with the online portal.
Prepping to utilize for crisis SBA Economic Injury Loans – Source: Northern California business developing Centers
Who’s generally speaking qualified: