*LA COUNTY REOPENING PROTOCOLS*
- For information and protocols needed to reopen a business in Santa Clarita, please see the list of requirements from Los Angeles County on its coronavirus website.
Availability of Paycheck Protection Program (PPP) Loan Program for Family- and Center-based Child Care businesses with Fewer than 20 Employees
Recently the Administration for Children and Families (ACF) released the following information regarding the Paycheck Protection Program and other financial business supports for small businesses including Family- and Center-based Child Care businesses with fewer than 20 employees.
Apply for PPP Before March 10, 2021: Help for Family- and Center-Based Child Care Businesses with Fewer Than 20 Employees
The Paycheck Protection Program (PPP) at https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program is a forgivable loan program to help very small businesses, such as child care programs, with much needed financial support during these unprecedented times. From February 24 to March 10, 2021, only businesses with fewer than 20 employees can apply for a PPP loan. This exclusive application period at https://www.sba.gov/PaycheckProtection/find allows participating lenders to focus on serving very small businesses, such as Family Child Care (FCC) Educators and Early Care and Education (ECE) Programs.
Learn more about PPP loans by exploring the resources below.
The Biden-Harris Administration statement issued on February 22, 2021, provides details on changes to PPP to increase lending opportunities for small businesses to further promote equitable access to relief. The statement includes information on the exclusive application period for PPP to help very small businesses, such as FCC Educators and ECE Programs. Here’s a link to the statement for more details explaining changes to PPP to Further Promote Equitable Access to Relief: https://www.whitehouse.gov/briefing-room/statements-releases/2021/02/22/fact-sheet-biden-harris-administration-increases-lending-to-small-businesses-in-need-announces-changes-to-ppp-to-further-promote-equitable-access-to-relief/
Two national webinar videos to help you understand and access PPP—one video for FCC Educators and one video for ECE Programs
- Resource information at https://childcareta.acf.hhs.gov/early-care-and-education-providers-taking-advantage-new-small-business-administration-loan-and-grant has several resources for small businesses to help FCC Educators and ECE Programs learn more about PPP and navigate the challenges created by the pandemic.
- For more information about PPP and other financial business supports, please visit the Office of Child Care’s (OCC) web page explaining Early Care and Education Providers taking advantage of the new Small Business Administration Loan and Grant Programs at https://childcareta.acf.hhs.gov/early-care-and-education-providers-taking-advantage-new-small-business-administration-loan-and-grant, which includes the following information:
- Applications for the PPP are due no later than March 31, 2021, for all businesses, but program funding may run out before then.
Santa Clarita Valley PPE Drive Thru
- Saturday, February 6, 11:00 a.m. – 4:00 p.m. at Westfield Valencia Town Center (Parking lot closest to Magic Mountain Pkwy. and Citrus)
- The PPE Unite program is a joint effort to give small business owners and their employees access to much-needed personal protective gear. This public and private partnership program creates access to PPE, promotes PPE use, and provide additional resources for businesses.
- The event will take place outdoors and adhere to LA County health and safety guidelines that include no contact PPE car loading and social distancing. This is a collaborative effort between the Santa Clarita Valley Chamber of Commerce, PPE Unite and Supervisor Kathryn Barger that focuses on engaging hyper-local communities and their small businesses in need. Private partners include Princess Cruises and Westfield Valencia Town Center.
- Registration is required. Register at: https://www.ppeunite.org/
U.S. Small Business Administration
- Economic Injury Disaster Loan: Direct loan provided by the Small Business Administration (SBA) for up to $2 million at a rate of 3.75% for small businesses and 2.75% for nonprofits. California businesses have access to this program at sba.gov. Businesses may also contact the SBA 24hr Customer Service Center with questions at 1-800-659-2955 / 1-800-877-8339 (TTY).
- SBA Express Bridge Loans: Express Bridge Loan Pilot Program allows small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 quickly. These loans can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing and can be a term loans or used to bridge the gap while applying for a direct SBA Economic Injury Disaster loan. If a small business has an urgent need for cash while waiting for decision and disbursement on an Economic Injury Disaster Loan, they may qualify for an SBA Express Disaster Bridge Loan. Check out the Express Bridge Loan Pilot Program Guide for procedures applicable to the Express Bridge Loan Pilot Program.
- SBA Debt Relief: The SBA is providing a financial reprieve to small businesses during the COVID-19 pandemic. For more details, visit: sba.gov/funding-programs/loans/coronavirus-relief-options/sba-debt-relief
CA Economic Development Department
- Work Sharing Program: Employers can apply for the Unemployment Insurance (UI) Work Sharing Program if reduced production, services, or other conditions cause them to seek an alternative to layoffs. This program helps employers minimize or eliminate the need for layoffs, and helps employers retain trained employees and avoid costs of recruiting and hiring new employees as business conditions improve.
CA Infrastructure and Economic Development Bank (IBank) Finance Programs
- Disaster Relief Loan Guarantee Program: his disaster program provides guarantees for loans of up to $50,000 for small business borrowers in declared disaster areas. Learn more at ibank.ca.gov/small-business-finance-center/.
California State Treasurer’s Office
- California Capital Access Program (CalCAP) (1-500 employees): Loan loss reserve program which may provide up to 100% coverage on losses as a result of certain loan defaults. Individual borrowers are limited to a maximum of $2.5 million enrolled over a 3-year period. Locate participating lenders at treasurer.ca.gov/cpcfa/calcap/sb/institutions.pdf.
Coronavirus Aid, Relief, and Economic Security (CARES) Act
- The Small Business Owner’s Guide to the CARES Act provides information about the major programs and initiatives that will soon be available from the Small Business Administration (SBA) to address these needs, as well as some additional tax provisions that are outside the scope of SBA.
Coronavirus Tax Relief
- Families First Coronavirus Response Act: Provides small and midsize businesses with refundable tax credits that reimburse them, dollar-for-dollar, for the cost of providing paid sick and family leave wages to their employees for leave related to COVID-19. Learn more at irs.gov/newsroom/covid-19-related-tax-credits-for-required-paid-leave-provided-by-small-and-midsize-businesses-faqs
- LA County Help Center: LA County has just launched a centralized call center and website providing free, one-on-one counseling and support for business owners and workers who have been adversely affected by the ongoing COVID-19 public health crisis. Open Monday to Friday from 8 a.m. to 4:30 p.m. for calls: (833) 238-4450
- Pandemic Compliant Fund-WDACS (1-100 employees): Awards up to
$5,000 per business to help businesses offset costs related to compliance with local health orders and recommended safety measures.
- General EAG Funds-WDACS (1-100 employees): Awards up to $25,000 to businesses that have been impacted by COVID-19 for a variety of eligible uses. Prioritization will be given to businesses based on CalEnviroscreen 3.0 scoring and to those businesses that have not received local CARES Act
- Social Impact Funds-WDACS: Awards up to $50,000 to support LA County Social Enterprises, Social Community Business Enterprise (CBEs) and B Corporations. Prioritization will be given to Social Enterprises. Others will be prioritized by CalEnviroscreen 3.0 scoring and those that have not received local CARES Act grants.
- LADCA COVID-19 Childcare Provider Grant: The Los Angeles County COVID-19 CARES Act Childcare Grant Program provides grants up to $10,000 or $40,000 to eligible childcare operators in Los Angeles County who have been impacted by COVID-19.
- Keep LA County Dining Grant Program: LA County has launched a grant program to help restaurants impacted by COVID-19 restrictions. Eligible businesses can receive $30,000 for Working Capital Assistance. Applications are currently CLOSED. Visit their website to learn more.
- Free Technical Assistance Program to Help Businesses Navigate Their Way Through Economic Uncertainty: The Los Angeles County Development Authority (LACDA) has launched a new online resource to help businesses large and small navigate through economic uncertainty and prepare them for a post-COVID-19 economy. The BizHelp Program will offer support and resources via a series of online webinars starting January 12, 2021. The BizHelp Program is available to all businesses in the County of Los Angeles and is offered free of charge. Learn more here.
Additional Grant Opportunities
- California Small Business COVID-19 Relief Grant Program: The amount of grant funding ranges from $5,000 to $25,000. Businesses are eligible based on their annual revenue as documented in their most recent tax return:
- Round 2:
- Round 2 Opens: February 2, 2021 @ 8:00 a.m. PST
- Round 2 Closes: February 8, 2021 @ 6:00 p.m. PST
- Selection Notifications: February 11 – 18, 2021
- Round 2:
- Hello Alice Grant: A collaboration between the public and private sector to assist small businesses severely impacted by COVID 19.
- Grants by Industry:
- Entertainment Sector
- The Actors Fund: With a focus on support and education, the Entertainment Assistance program services include: One-on-one counseling and resources and emergency financial assistance for basic living expenses such as rent ormedical expenses.
- Carnegie Fund for Actors: To assist American authors who have published at least one full length work.
- Hair Salons/Nail Professionals
- Entertainment Sector
- Jewish Free Loan Association: Provides interest free loans up to $10,000.
- Federal Government Economic Injury Disaster Loans (EIDL): The EIDL program is designed to provide economic relief to businesses that are
currently experiencing a temporary loss of revenue due to coronavirus (COVID-19).
Employment Development Department (EDD)
- Pandemic Unemployment Assistance: Designed to assist unemployed Californians that are not usually eligible for regular Unemployment Insurance. This includes business owners, self-employed workers, independent contractors, and those with a limited work history who are out of business or have significantly reduced their
services as a direct result of the pandemic.