Resources for Oakland companies, nonprofits and employees to prepare, prepare and react to Coronavirus 2019 (COVID-19).

• Worker, Musician and Arts Nonprofit Resources
• Request one-on-one Company Assistance
• SBA Loans & Advance Give
• Give Programs
• Loan Products
• Jobless Advantages
• Sick & Disability Keep
• Help Products & Solutions
• Procedures to Preserve Income
• Eviction Moratorium
• Workplace Security
• Purchases, Releases and Past Updates

payday loans MS

• Translated Papers

Employee, Musician and Arts Nonprofit Resources

For the latest Alameda County general public wellness Order and approved available and shut companies, please go to the preparing Resources for Business Re-Opening website

Request one-on-one Company Assistance

Organizations, nonprofits and single proprietors are expected to make the City’s COVID-19 Company Impact information Survey, to get assistance that is one-on-one.

Smaller businesses, nonprofits, single proprietors and separate contractors may feel overrun by the support that is many available. Please think over:

• Using now when it comes to SBA’s Economic Injury Disaster Loan and give Advance
• Pursuing a crowdsourced, zero-interest loanfrom KIVA

SBA Loans & Advance Give

SBA’s Payroll Protection System

Modify: The due date for trying to get the Payroll Protection Program (PPP) had been 8, 2020 august. SBA information implies that more than 6,700 Oakland companies have already been authorized for PPP loans.

SBA’s Paycheck Protection Program offered loans as much as ten dollars million together with choose banking institutions. That is a forgivable loan to keep workers on payroll and continue maintaining wage levels for as much as 24 months. To be forgiven, at the least 60percent regarding the loan must be used for payroll, such as the price of employer-provided health advantages. This loan provides the opportunity to hire them back if you’ve already laid off your employees.

• Less cash is needed to be used on payroll. Initially 75% regarding the loan needed to be employed for maintaining payroll to ensure that the mortgage to be forgiven. That limit happens to be 60% – permitting as much as 40per cent to be utilized on lease, mortgage, interest and resources.
• More hours to pay the amount of money. Borrowers will are in possession of 24 months to make use of their PPP funds, rather than the initial 2 months.
• More hours to rehire staff. Borrowers currently have until December 31 to attain the staffing mandate of maintaining the typical number of workers that they had on payroll at the time of February 15.
• Longer to settle. For all those loans that aren’t completely forgiven, borrowers will have 5 years to cover straight straight straight back loans made on or after June 5. For everyone with loans made just before June 5, consult with your loan provider about entering an understanding to give your repayment duration.

PPP Loans faqs – might 27, 2020 (includes information about loan forgiveness)

Loan Forgiveness Application and instructions that are detailed been released for the Payroll Protection Program. The proper execution and guidelines consist of a few measures to cut back compliance burdens and simplify the method for borrowers.

SBA’s Economic Injury Disaster Loan

June 15, 2020 modify: The SBA has reopened the Economic Injury tragedy Loan (EIDL) and EIDL Advance program portal to all or any applicants that are eligible financial effects as a result of COVID-19. Given that the EIDL and EIDL Advance application portal is accepting applications that are new extra small enterprises and non-profits should be able to receive long-lasting, low-interest loans and crisis grants – reducing the financial effects of COVID-19 on the organizations, workers plus the communities they help.

The SBA has advised the town that organizations whom sent applications for a financial damage tragedy Loan (EIDL) just before March 30, should re-apply now utilising the online portal.

Prepping to use for crisis SBA Economic Injury Loans – Source: Northern California small company Development Centers

• Apply on line at SBA’s Disaster Loan Assistance Portal
• Make sure to check out the package at end for the application for as much as $10,000 advance grant, grant total is dependant on pre-disaster worker count ($1,000 per worker)
• Here is the way that is fastest to obtain fast monetary help. Also in the event that you decide not to ever make the loan or are declined, you continue to keep consitently the cash loan as a grant
• Watch an informational video clip on the Economic Injury Disaster Loan

That is generally qualified:

• Smaller businesses (generally speaking individuals with lower than 500 workers)
• Sole proprietors, separate contractors and self-employed individuals
• Cooperatives
• Nonprofits – 501(c), 501(d) or 501 ( ag ag ag e)
• Faith-based businesses, no matter whether they supply secular social solutions

Want Assistance navigating and SBA loan system?

• Berkeley Law studentshelp small businesses navigate the federal CARES Act

Give Programs

Laney & Merritt students BWOPA CARES Fall 2020 funds of $250. The program due date is 6 pm on 9 december.

The East Bay Community Energy’s (EBCE) COVID-19 Community Grant provides funds as high as $10,000 to for-profit or organizations that are nonprofit provide support in a minumum of one of the after areas: Assistance in Energy or bills, Food protection, Rent help, bodily and Mental Health solutions

The Beauty Changes Lives Nail pro Relief give is present to licensed experts who can maybe perhaps not keep their regular earnings through the pandemic that is COVID-19. One-time funds of $1,000 can be found to give short-term economic relief to qualifying candidates that indicate monetary hardships. The two-part application is perhaps perhaps not attentive to cellular devices, therefore please apply utilizing a pc or tablet. Applications are now actually available.

Chance Fund’s Small Company Relief Fund

East Bay Community Foundation’s COVID-19 – a simply East Bay Response Fund for nonprofits

The Foundation Directory on the web helps nonprofits find capital by giving information on the public that is largest and personal fundamentals within the U.S.

Loan Products

The California Rebuilding Fund is a brand new loan system developed to help Ca’s small enterprises because they adjust and navigate the results of COVID-19. Bbusinesses with as much as 50 full-time workers and gross profits of not as much as $2.5 million or below in 2019 might be qualified to apply.

• Centro Community Partners offers regional business owners and businesses help whenever trying to get a KIVA loan

Tragedy Relief Loan Guarantee Program loans for smaller businesses and nonprofits