COVID-19 Resources and Guidance for Businesses

On this site, you will find a resource hub with critical information to provide answers to your questions. We will continue to update this information on an on-going basis as new information and resources become available. If your question can not be answered via this resource hub, please click on the button below to connect directly to the team who will get back to you as soon as possible.

Federal Assistance

Paycheck Protection Program (PPP)

Launched Friday, April 3

Businesses can go to a participating SBA 7(a) lender, bank, or credit union, to apply for a loan; expedited approval for these loans will also take place. A sample application is available below so you can prepare before contacting a lender.

Sample PPP Application

US Treasury Overview on PPP

US Chamber of Commerce PPP Guide & Checklist

Economic Injury Disaster Loan (EIDL)

Low interest loans up to $2M for small businesses and nonprofits; up to a year deferral. Guidance for businesses and employers, government contracting, and local assistance information. Live agents are available to guide you through the process at 1-800-659-2955.  Apply for the EIDL loan.

State Resources

Small Business Finance Center (SBFC)

California Disaster Relief Loan Guarantee Program — (via iBank)

$50 million in state funding, providing potential capital for individuals who do not qualify for federal funds.

Local Resources

San Francisco COVID-19 Small Business Resiliency Fund
Businesses with between one and five employees can apply for up to $10,000 in emergency funding to help cover rent and employee salaries.
How to apply: The quickest way is to fill out an online application form and email it to: [email protected] You’ll need to supply proof of payroll costs and lost revenue.

City of Los Angeles Small Business Emergency Microloan Program
Businesses and microenterprises in Los Angeles that are responsible for providing low-income jobs can get an emergency microloan of $5,000 to $20,000. Loans with repayment terms of six months to one year carry an interest rate of 0% and five-year loans have interest rates of 3% to 5%.
How to apply: Apply online and provide supporting documentation including business and personal tax returns, three months of bank statements and business and personal financial statements.

Emergency Response Micro-Grant Program for Sacramento Restaurants & Bars
In response to the impacts of COVID-19 on the Sacramento restaurant community and the Farm-to-Fork movement, a fund was established to help support the survival of our independent restaurants, bars, breweries, cafes, coffee houses, wine tasting rooms and pubs. APPLY HERE.

Sutter County
Sutter County Small Business Loans (up to $250,000)  Apply Here

City of Roseville
To help small businesses with the impacts of COVID-19, the City of Roseville is providing zero-interest loans from its $1 million Roseville Small Business Stabilization Program. Apply Here


Many banks have offered deferment and forbearance to business loan customers having trouble making payments. From Forbes, here is a List Of Banks Offering Relief To Customers Affected By Coronavirus (COVID-19)


The state is offering an extension for California taxpayers. For information about tax relief for businesses visit the Businesses and Employers page


Can a business get an EIDL and a Paycheck Protection Program loan?

Yes, small businesses can get both an EIDL and a Paycheck Protection Program loan as long as they don’t pay for the same expenses. However, be sure to check with your financial advisor or lender before taking both types of loans if you are not sure of the specifics.

How can I request loan forgiveness?

You can submit a request to the lender that is servicing the loan. The request must include the following:

  • Documents that verify the number of full-time equivalent employees and pay rates, as well as the payments on eligible mortgage, lease, and utility obligations.
  • You must certify that the documents are true and that you used the forgiveness amount to keep employees and make eligible mortgage interest, rent, and utility payments.
  • The lender must make a decision on PP forgiveness within 60 days.

When can I apply?

Starting April 3, 2020, Small businesses and sole proprietorships started applying on April 3, 2020.

starting April 10, 2020, independent contractors and self-employed individuals can start applying for PPP loans through existing SBA lenders. 

Other regulated lenders will be available to make these PPP loans as soon as they are approved and enrolled in the program.

Where can I apply?

You can apply through any existing SBA lender or through any federally insured depository institution, federally insured credit union, and Farm Credit System institution that is participating. Please consult with your local lender as to whether it is participating.

Who can apply?

Any business with 500 or fewer employees can apply, this includes:

Nonprofits, veterans organizations, Tribal business concerns, sole proprietorships, self-employed individuals, and independent contractors – with 500 or fewer employees can apply.

Businesses in certain industries can have more than 500 employees if they meet applicable SBA employee-based size standards for those industries. Read more about the SBA Size standards here.

What do I need to apply?

You will need to complete the Paycheck Protection Program loan application. Click here to get application details.

The application deadline is June 30, 2020.

What can I use these loans for?

Payroll costs, including benefits; 

Interest on mortgage obligations, incurred before February 15, 2020;

Rent, under lease agreements in force before February 15, 2020;

Utilities, for which service began before February 15, 2020.

What counts as payroll costs?

Salary, wages, commissions, or tips (capped at $100,000 on an annualized basis for each employee); 

Employee benefits including costs for vacation, parental, family, medical, or sick leave; allowance for separation or dismissal; payments required for the provisions of group health care benefits including insurance premiums; and payment of any retirement benefit;

State and local taxes assessed on compensation;

For a sole proprietor or independent contractor: wages, commissions, income, or net earnings from self-employment, capped at $100,000 on an annualized basis for each employee.

How large can my PPP loan be?

Loans can be for up to two months of your average monthly payroll costs from the last year plus an additional 25% of that amount. That amount is subject to a $10 million cap. Seasonal or new business, will use different applicable time periods for your calculation.

What is my interest rate & repayment schedule?

1.00% fixed rate.

All payments are deferred for 6 months; however, interest will continue to accrue over this period.

Your loan is due in 2 years

There are no prepayment penalties or fees so you may repay the loan early.

Do I need to pledge any collateral for these loans?

No. No collateral is required.

Do I need to personally guarantee this loan?

No. There is no personal guarantee requirement. However, if the proceeds are used for fraudulent purposes, the U.S. government will pursue criminal charges against you.

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