Resources for Businesses Reeling from COVID-19

Program Why Benefits How to File
Benefits for Businesses

SBA Disaster Assistance

SBA.gov 

If you are in need of economic support to help overcome the temporary loss of revenue Low interest disaster loans to help business recover from declared disasters. SBA’s Economic Injury Disaster Loans offer up to $2 million in assistance. The interest rate is 3.75% for small business SBA Disaster Loan Application

SBA Economic Injury Disaster Loans

Click here

Available to businesses directly affected by the disaster, offer services directly related to the businesses targeted in the emergency declaration, other business indirectly related to the industry that are likely harmed by losses in their community. This will help meet capital needs caused by the declared disaster and help pay financial obligations and operating expenses had the disaster not occurred. EIDL does not replace lost revenue, profits or fund expansions. Loans limited to $2m, less business interruption insurance and other recoveries. Requires collateral. Apply online.

or call (800) 659-2955,

email: disastercustomerservice@sba.gov

CA iBank Disaster Relief Loan Guarantee Program

iBank.ca.gov

If your business is experienceing capital access barriers in light of a declared disaster Provides loan guarantees and direct loans for small businesses. Loan amounts range from $500 to $10,000. Term up to 5 years, fully amortized.

Please visit

http://www.vsbdc.com/

CA iBank Jumpstart Loan Program

iBank.ca.gov

If you are a low-to-moderate income (LMI) business owner or operate a business in a LMI community Provides microloans, technical assistance and financial literacy training. Loan amounts range from $500 to $10,000. Term up to 5 years, fully amortized.

Please visit iBank.ca.gov

to apply.

 California Capital Access Program for Small Business (CalCap)

Click here

The California Capital Access Program for Small Business (CalCAP SB or Program) encourages banks and other financial institutions to make loans to small businesses that have difficulty obtaining financing. If you own a small business and need a loan for start-up, expansion or working capital, you may receive more favorable loan terms from a lender if your loan is enrolled in the CalCAP Loan Loss Reserve Program. This program helps communities by providing financing to businesses that create jobs and improve the economy. CalCAP is a loan loss reserve program which may provide up to 100% coverage on losses as a result of certain loan defaults. With CalCAP portfolio support, a lender may be more comfortable underwriting small business loans. Check to see if your lender participates in (CalCap) if not it’s easy to get signed up. Click here. Loan enrollment

 

Facebook Small Business Grants Program

Facebook for Business

 If you are a small business experiencing disruptions resulting from the global outbreak of COVID-19. Keep your workforce going strong, help with your rent costs, connect with more customers, cover operational costs. Facebook is offering $100M in cash grants and ad credits for up to 30,000 eligible small businesses deadline updates- Click here

Workforce Development Board of Madera County

Click here

Rapid Response- Services for layoffs or closure The Rapid Response team can present options and provide assistance to employers who wish to develop lay-off aversion strategies, business retention, recruitment services or link to local economic development activities.Provide assistance to both employer and employees to manage changes and lessen the impact or call (559) 662-4589

CA Employment Development Dept. Work Sharing Program

Click here

If business interruption or slowdowns are causing you to consider layoffs Business assistance to employees and employers.Full-time employees receive UI benefits, keep current job, and avoid financial hardships Work Sharing Unemployment Insurance Plan Application

IRS

Click here

Federal Income Tax Extension Taxpayers do not need to file any additional forms or call the IRS to qualify for this automatic federal tax filing and payment relief. For additional time to file beyond the July 15 deadline, send in a Form 4868 through a tax professional, tax software or using the Free File link on IRS.gov. Businesses who need additional time must file Form 7004. The federal income tax filing due date is automatically extended from April 15, 2020, to July 15, 2020. 866-255-0654
800-829-4933

Franchise Tax Board

Click here

State Income Tax Deadline Extended FTB is postponing until July 15 the filing and payment deadlines for all individuals and business entities for: 2019 tax returns, 2019 tax return payments, 2020 1st and 2nd quarter estimate payments, 2020 LLC taxes and fees, 2020 Non-wage withholding payments. Taxpayers do not need to claim any special treatment or call FTB to qualify for this relief. Taxpayers claiming the special COVID-19 relief should write the name of the state of emergency (for example, COVID-19) in black ink at the top of the tax return to alert FTB of the special extension period. If taxpayers are e-filing, they should follow the software instructions to enter disaster information.

Employment Development Department

Click here

EDD Tax Filing Extension  Employers experiencing a hardship as a result of COVID-19 may request up to a 60-day extension of time from the EDD to file their state payroll reports and/or deposit state payroll taxes without penalty or interest. A written request for extension must be received within 60 days from the original delinquent date of the payment or return.

Employment Development Department

Click here 

Unemployment Insurance Benefits California’s Employment Development Department (EDD) provides a variety of support services to individuals affected by COVID-19 in California 888-745-3886

Office of the Attorney General or local law enforcement

Attorney General advice, click here.

Anti-Price Gouging Guidance for Online Marketplace Platforms and Consumers Anti-COVID-19-related price gouging guidance for online marketplace platforms and consumers. By state law, Penal Code 396, for a period of 30 days after a declared state of emergency no person or business entity may do any of the following:

  • Sell or offer to sell  consumer items at a price greater than 10 percent of the price charged for those items immediately prior to the declaration of emergency.
  • Offer contracted repair or reconstruction services at a price greater than 10 percent of the price charged for those services immediately prior to the declaration of emergency.
  • Increase the rate of hotel rooms greater than 10 percent of the charge for those rooms immediately prior to the declaration of emergency.
  • Increase the cost of rental housing greater than 10 percent of the cost of that housing immediately prior to the declaration of emergency.
  • Raise the cost of rental housing at a price greater than an evicted tenant was charged.

The time period for these restrictions can be extended for an additional 30 days if needed.

Madera Police Department:

(559) 675.4205 

Chowchilla Police Department:

(559) 665-8600

Madera Co. Sheriff’s Office:

(559) 675-7770

Valley Small Business Development Center Hosting free webinars on how to manage your small business during COVID-19 Click here for the latest webinars.

 

 

Top 3 Reasons To Choose Madera County

  • Low cost of living means your business can grow and flourish.
  • Madera County is located in the center of California so reaching major cities is an easy 3-hour drive.
  • Madera County is focused on business attraction & retention so expect a streamlineD permitting process.

What’s Happening

April 2 2020 @ 11:30 am – 1:00 pm

Ready to make the move?

lets-talk