California State Treasurer Fiona Ma's Small Business Resource List - This spreadsheet is updated periodically with new information and resources. It includes resources from the federal, state, and local governments, nonprofits, and the private sector. The list contains information on grants and loans, tax deadline extensions, guidance on how to protect workers, and even private sector grants such as the $100 million Facebook program for cash grants and ad credits.
The Northern California Small Business Development Center put together a helpful COVID-19 Resource Guide for local businesses that includes:
Detailed information on SBA's Economic Disaster Loan
Information (including FAQs) for business owners and business employees
Information on Business Interruption Insurance
The U.S. Small Business Administration (SBA) is offering low-interest federal disaster loans of up to $2 million to small businesses suffering substantial economic injury as a result of COVID-19 to help overcome a temporary loss of revenue. Loans offer long-term payments up to 30 years and may be used to pay fixed debts, payroll, accounts payable and other bills. The interest rate is 3.75% for small businesses and 2.75% for non-profits. Download an application here or contact the SBA disaster assistance customer service center at 1-800-659-2955 or email@example.com.
Ask your customers for help. Would they consider purchasing gift cards now to use later?
Seek assistance from banks and credit card companies. Many banks have issued statements indicating that they are willing to work with small business customers that experience financial difficulties, including waiving monthly service fees.
Federal legislators are currently working on a series of initiatives to address impacts of the COVD-19 outbreak, including a payroll tax cut, extending the tax deadline beyond April 15, increased access to small-business loans and grants, paid sick leave for workers that become sick from the coronavirus, and expanding unemployment insurance.