Small Business Assistance

Paycheck Protection Program

The COVID-19 crisis continues to wreak havoc on local businesses. To help lessen some of this burden, the Small Business Administrations’ (SBA) Paycheck Protection Program (extended through August 8, 2020) offers low interest loans to small businesses impacted by the pandemic. These loans are first-come, first-served, but can be entirely forgiven if 60% of the funds go toward payroll.

The SBA also offers Economic Injury Disaster Loan (EIDL) Advance of up to $10,000. This advance is designed to provide economic relief to businesses that are currently experiencing a temporary loss of revenue. This loan advance will not have to be re-paid.

Also - through July 31, 2020, California small businesses can now defer payment of up to $50,000 in sales and use taxes for up to a year—what amounts to an additional loan. If you don’t qualify for federal loans because of low wealth or undocumented status, you may be eligible for relief through our state’s Small Business Disaster Relief Loan Guarantee Program.


 

Apply for County Small Business Assistance

 

 

 

Local small businesses and restaurants suffering financial losses due to COVID-19 can now apply for a grant from the County of San Diego. This week, the Board of Supervisors approved making $17 Million in CARES Act relief funds available for this purpose.

To qualify businesses must have:

✅100 or fewer employees
✅Headquarters in San Diego County
✅A minimum 1-year operating history as of Feb. 14, 2020
✅Documentation of financial hardship because of COVID-19

As always, it’s better to apply sooner rather than later. Applications will remain open through October 16th or until the funding runs out, whichever comes first.


 

Shop Safe, Shop Local! Special Services & Discounts for Small Businesses

      

 

 

The California Governor’s Office of Business & Economic Development has partnered with various industry leaders to offer small businesses a suite of special services and discounts to help them market themselves and run logistics during this difficult time. This includes everything from online marketing tools to online sales management and shipping solutions to help businesses expand e-commerce. The state is also partnering with a number of chambers and industry organizations to provide owners with free trainings to help them discover ways to adapt their business plan in this pandemic economy. You can also browse a list of state agencies providing additional small business support during this time.