Company and Worker Resources. Resources for Oakland companies, nonprofits and employees to prepare, prepare and react to 2019 .
- 13 September 2021
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Employee, Musician and Arts Nonprofit Resources
When it comes to latest Alameda County Health that is public Order authorized available and shut organizations, please go to the preparing Resources for Business Re-Opening web site
For updates through the State of California, please go to
Request one-on-one Company Assistance
Organizations, nonprofits and single proprietors are expected to make the town’s Company Impact information Survey, to get private support.
Assist us develop a comprehensive data data recovery plan by firmly taking a survey that is brief.
Smaller businesses, nonprofits, single proprietors and separate contractors may feel overrun by the numerous help choices available. Please think over:
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 will undoubtedly be accepting applications that are new Community banking institutions (CFI). Find a participating CFI simply by using SBA’s Lender Match tool or this roster of participating lenders that are local.
President Biden additionally announced program that is additional to help make usage of PPP loans more equitable. SBA will:
The Paycheck Protection Program is a loan built to offer a direct incentive for smaller businesses to 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 within 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, as well as the funds can be used for qualified costs.
The U.S. irs allows companies that got their Paycheck paydayloanservice.net/payday-loans-pa Protection Program loans forgiven to publish off costs taken care of with that money, aligning legislation passed by Congress to their policy in December 2020.
A recently passed State legislation allows Ca companies to prevent spending state fees on forgiven loans through the federal Paycheck Protection Program also to subtract the expenses of costs that people loans taken care of.
Require Assistance navigating an SBA loan program?
SBA’s Economic Injury Disaster Loan
March 26, 2021 enhance: beginning the week of April 6, the SBA is enhancing the optimum amount small enterprises and non-profit companies can borrow up to 24-months of economic damage with a maximum quantity of $500,000.
June 15, 2020 modify: The SBA has reopened the Economic Injury catastrophe Loan (EIDL) system portal to all the applicants that are eligible financial impacts as a result of . Given that the EIDL application portal is accepting brand new applications, extra small enterprises and non-profits should be able to get long-lasting, low-interest loans – decreasing the economic impacts of on the companies, workers while the communities they help.
The SBA has encouraged the town that companies whom sent applications for a financial damage tragedy Loan (EIDL) prior to March 30, 2020, should re-apply now utilizing the portal that is online.
Prepping to use for Emergency SBA Economic Injury Loans – Source: Northern California small company developing Centers
Who is generally speaking qualified: