SBA Loan FAQ'S
Click below for frequently asked questions about the Small Business Administration's COVID-19 loan programs.
- SBA Loan FAQ's
- To complete the Paycheck Protection Program application, click HERE. For a list of SBA approved lenders to submit you application to, click HERE.
- To apply for an Economic Injury Disaster Loan, click HERE.
Resources for Employers
Instructions on how small businesses or nonprofits can apply for the Paycheck Protection Program have been posted on the U.S. Small Business Administration website. The U.S. Treasury Secretary stated the loans will be available starting Friday, April 3rd and may be disbursed the same day. I encourage businesses affected by COVID-19 to apply. The loans are retroactive to February 15th and can be forgiven if you retain and/or re-hire laid off employees. Please share with local businesses you frequent.
- Paycheck Protection Program: Overview PDF
- Paycheck Protection Program: Application PDF
- Paycheck Protection Program: Borrower Information PDF
- Paycheck Protection Program: Lender Information PDF
As part of the Administration's efforts to combat the effects of COVID-19 on small businesses, the Economic Injury Disaster Loan program has been made available statewide, including nonprofits. The application is open and I encourage affected businesses to apply.
An executive order signed March 30th will provide tax, regulatory and licensing extensions for businesses throughout California. The order allows for businesses with a filing less than $1 million a 90-day extension on state and local taxes, including sales tax. It will also provide extensions on licensing deadlines and requirements for several industries. To view the full list of extensions download the linked PDF below.
Through the EDD, employers experiencing hardship as a result of COVID-19 may request up to a 60-day extension to file their state payroll reports and/or deposit state payroll taxes without penalty or interest. As an alternative to layoffs, employers experiencing a slowdown in their businesses or services can apply for the Unemployment Insurance (UI) Work Sharing Program, which may help you keep your employees by allowing workers to receive a percentage of their UI benefits based on reduced hours.
- Employment Development Department: Work Sharing Program
- Employment Development Department: Tax Assistance
Additional Employer Resources:
- California’s Labor & Workforce Development Agency, Resources For Employers And Workers
- CalOSHA Guidance On Requirements To Protect Workers From COVID 19
- National Small Business Association, Resources For Small Business On COVID-19
- Governor's Office Of Business And Economic Development (GO-Biz)
Resources for Employees
Once operational, the Pandemic Unemployment Assistance program will provide unemployment benefits to business owners, self-employed, independent contractors, those with limited work history and others not usually eligible for regular state benefits. Those who are eligible for the program will also receive the additional $600/week through the CARES Act for claims between March 29th and July 31st.
Employees who are sick, caring for the sick, or have reduced work hours may qualify for assistance through the EDD. Those who are self-employed and pay into CASDI may qualify as well. To learn how to apply, please visit the EDD's Website. If you're having trouble applying, please contact my district office.
Wells Fargo, U.S. Bank, CitiBank and J.P. Morgan Chase as well as 200 state-chartered banks and credit unions will offer a 90-day grace period on mortgage payments. The financial institutions will not file negative reports with credit agencies or charge late fees for those who apply for the program. To learn more, please contact your financial institution.
- 90 Day Mortgage Payment Relief During COVID-19 Crisis
- HUD Suspends All Foreclosure And Evictions Until May, 17th 2020
For a list of state park closures visit the link below.
Department of Motor Vehicles
The DMV has asked law enforcement to exercise discretion for 60 days in their enforcement of driver license and vehicle registration expiration dates effective March 16th. Behind-the-wheel drive tests have been cancelled for the next 30 days, but the DMV will be contacting customers to reschedule their drive tests. In the meantime, DMV office will be open for appointment-only services on Mondays, Tuesdays, Thursdays and Fridays from 8 a.m. to 5 p.m. Wednesday office hours are 9 a.m. to 5 p.m. Lastly, in response to COVID-19, the implementation of the Real ID will be delayed until further notice.
- Real ID deadline is being pushed back
- DMV takes steps to protect the health and safety of customers and employees
- DMV allows customers to avoid coming to a DMV office for 60 days
Pacific Gas & Electric
For both residential and commercial customers, PG&E has suspended all service shut-offs due to non-payment and will be providing flexible payment plan options, until further notice. Call centers are still open to address your needs and can be reached at (800) 743-5000.
- PG&E's response to COVID-19
- PG&E's Pandemic Response Includes Precautionary Health and Safety Actions; Moratorium on Customer Shutoffs for Nonpayment
The State of California is postponing state tax filing and payment deadlines for all individuals and business entities until July 15th. You do not need to claim any special treatment or call the Franchise Tax Board to qualify for this relief.
The IRS officially gave all individuals and corporations until July 15th to file and pay their federal income taxes, which includes the balance due from the prior year. The Federal Government said most Americans are due a refund and would like to ensure they receive it as soon as possible.
California is preparing for an increase in the number of people who urgently need health care in our communities during the COVID-19 outbreak. An executive order has been issued to expand the healthcare workforce by making the following changes: Allowing nursing students to practice and count that toward their clinical hours, waiving continuing education requirements and giving 6 months to complete, removing requirements for reactivating a retired license, waiving physician supervision ratios for NPs and PAs, waiving postgraduate training requirements for physicians. Nursing students, nurses, doctors, dentists, and many other types of health professionals who are recently retired or actively licensed but are not currently hospital personnel are being asked to register at the link below.
- California Health Corps: Register now
- California Department Of Public Health
- Caring For Yourself At Home
- Centers For Disease Control And Prevention
- How COVID-19 Spreads
- Protecting Yourself
- Crisis Text Line
- Managing Anxiety And Stress
- National Alliance On Mental Illness HelpLine
- National Domestic Violence Hotline
- National Suicide Prevention Lifeline
- Substance Abuse And Mental Health Services Disaster Distress Helpline
The COVID-19 Emergency Financial Relief Program was created to provide financial assistance to all Veterans, Active Duty, Reserves and National Guard who are experiencing a financial setback due to the negative economic effects of the COVID-19 pandemic. The grant amount will support 1 month of payment up to $1,500 in the following areas: rent, mortgage, auto loan/lease, utilities.
California Chief Justice Tani G. Cantil-Sakauye issued a statewide order suspending all jury trials in California's superior courts for 60 days and allowing courts to immediately adopt new rules to address the impact of the COVID-19 pandemic.
Governor's COVID-19 Response