Assistance to Businesses Impacted by COVID-19
Small businesses are the backbone of California's economy. As businesses across the state face challenges brought on by the COVID-19 pandemic, California and the federal government are providing broad assistance to impacted businesses. Following are some of the key programs available:
Grants and Loans
The California Small Business COVID-19 Relief Grant Program provides micro grants up to $25,000 to eligible small businesses impacted by COVID-19 and the related health and safety restrictions imposed. To learn more about the program and application requirements, visit www.CAReliefGrant.com.
The Paycheck Protection Program (PPP) provides forgivable loans to help fund payroll costs, including benefits. PPP may also be used to pay for worker protection costs related to COVID-19 and uninsured property damage costs caused by looting or vandalism during 2020. To learn more about the Paycheck Protection Program, visit the U.S. Small Business Administration (SBA) website.
The Small Business Disaster Relief Loan Guarantee Program provides loans to underserved small businesses with 1-750 employees. Visit www.ibank.ca.gov for more information.
Tax Relief
The California Department of Tax and Fee Administration is providing an automatic three-month extension for individuals and businesses to file and pay their taxes and fees originally due between December 15, 2020, and April 30, 2021. This extension is generally granted to individuals and businesses with less than $1 million in taxes and fees. For more information, visit www.cdtfa.ca.gov.
Additional Resources
For a comprehensive list of current programs and resources available to small businesses, visit www.covid19.ca.gov/business-and-employers.