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Businesses
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Keep LA County Dining - Grant Program Opens Dec. 3rd [LINK]
In an effort to assist restaurants affected by the COVID-19 restrictions, Los Angeles County will launch the Keep LA County Dining Grant Program on Thursday, December 3, 2020, at 12:00 a.m.
The Keep LA County Dining Grant will provide $30,000 to use as working capital for employee payroll expenses, capital to continue operations, payment of outstanding business expenses, and adaptive business practices needed to remain open. Preference will be given to restaurants that provided outdoor dining as of November 24, 2020.
The application period will begin Thursday, December 3, 2020, at 12:00 a.m., and be available through Sunday, December 6, 2020, at 11:59 p.m., or until 2,500 applications are received, whichever comes first.
APPLY HERE
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State of California Funding Assistance and Resources for Small Businesses [LINK]
California and the federal government are providing broad assistance to small businesses and employers impacted by COVID-19 including tax relief, debt relief, financial assistance and employer resources.
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APPLY TODAY: Millions in grants are available through the L.A. Regional COVID-19 Recovery Fund [LINK]
Second round of applications is open between July 20th and July 24th.
The $3 million Recovery Fund, established as a joint effort by the County of Los Angeles, who have contributed $2 million, and the City of Los Angeles, who have contributed $1 million, as well as additional support from philanthropic partners, aims to assist small businesses, nonprofits, and micro-entrepreneurs that have been adversely impacted by the COVID-19 pandemic, providing $5,000 grants to micro-entrepreneurs, and $15,000 grants to non-profits and small businesses. To ensure equitable access to capital across various demographics throughout the region, grants will be distributed through an equitable lottery system.
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Rental Assistance for Tenants and Mom-and-Pop Landlords Affected by the Economic Impact of COVID-19 – Supervisor Mark Ridley-Thomas [LINK]
The Emergency Rental Assistance Program can provide up to $1,000 towards monthly rent for up to 3 months.
Download flyer here
Emergency Planning for Small Businesses: POST COVID-19
This seminar covers basic requirements for small business to develop an emergency action plans for Post COVID 19. Course topics include purpose and requirements of emergency action for Pandemic prevention plan, elements of emergency evacuation plans, mental health and financial recoveries.
City of Gardena's COVID-19 Business Resource Portal to assist local businesses.
The SBWIB’s Rapid Response Team is a group of professionals on standby ready to offer assistance to the individuals who are being affected by a layoff or closure. These affected employees receive a wealth of information to assist them in their career transition.
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Support for Job Seekers and Businesses
The County launched a new virtual one-stop shop to provide help for business owners and workers affected by Covid-19. Visit lacountyhelpcenter.org or call 1-833-238-4450 for more information.
In alignment with the County’s Safer At Home order, our America’s Job Centers of California (AJCCs) have launched expanded virtual services and will no longer accommodate walk-in clients.
Summary of all government funding bills. The U.S. Congress is poised to pass a $2 trillion+ package designed to stabilize small businesses, provide capital to impacted sectors, and direct cash assistance to individuals. The supplemental appropriations section provides more than $300 billion government-wide to address the impacts and response to COVID-19. Key elements of the combined package are outlined in this PDF.
Through our COVID-19 Nonprofit Hardship Fund, we will provide grants ranging from $500 to $50,000 to small to medium-sized non-profit organizations serving people and families significantly affected by COVID-19.
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Below is information from the Stage Three Proposal (here) from the Department of the Treasury on small business interruption.
Small Business Interruption Loans
• To provide continuity of employment through business interruptions, this provision would authorize the creation of a small business interruption loan program and appropriate $300 billion for the program.
• The U.S. government would provide a 100% guarantee on any qualifying small business interruption loan.
• Qualifying loan terms:
• Eligible borrowers: Employers with 500 employees or less (phased out) o Loan amounts: 100% of 6 weeks of payroll, capped at $1540 per week per employee (approx. $80,000 annualized) o Borrower requirement: Employee compensation must be sustained for all employees for 8 weeks from the date the loan is disbursed.
• Lender: U.S. financial institutions
• Streamlined underwriting process: Lender verifies the previous 6-week payroll amount and later verifies that the borrower has paid 8 weeks of payroll from date of disbursement.
• Authority for the Treasury Department to issue regulations establishing appropriate interest rate, loan maturity, and other relevant terms and conditions
The Coronavirus Aid, Relief, and Economic Security (CARES) Act allocated $350 billion to help small businesses keep workers employed amid the pandemic and economic downturn. Known as the Paycheck Protection Program, the initiative provides 100% federally guaranteed loans to small businesses.
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Small Business Administration (SBA) to Provide Disaster Assistance Loans for Small Businesses Impacted by Coronavirus (COVID-19)
Read the release here.
If you need cash to offset lost revenue and\or help keep your business afloat, the programs below can help. The U.S. Small Business Administration (SBA) coronavirus resource page provides a list of relief programs, as well as offering guidance to small business owners during this crisis.
The SBA is administering a lending program for small businesses. The SBA is providing low-interest working capital loans of up to $2 million to small businesses and nonprofits affected by the coronavirus in Presidential and SBA-declared disaster areas. The disaster assistance is made in the form of low-interest loans to businesses.
These loans carry an interest rate of 3.75% for small businesses and 2.75% for nonprofits. Loan repayment terms vary by applicant, up to a maximum of 30 years.
How to Apply
• Apply online and select “Economic Injury” as the reason you’re seeking assistance.
• You’ll need to supply required supporting documentation that could include the business’s most recent tax returns, a personal financial statement and a schedule of liabilities that lists all your current debts.
• Call the SBA Disaster Assistance Customer Service Center at 1-800-659-2955 for help with your application.
Apply here: https://www.sba.gov/funding-programs/disaster-assistance
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Small Business Administration (SBA) - Disaster Loans
The application link is now open for any California business wishing to apply for a disaster loan related to economic damage from the COVID-19 health crisis.
Businesses throughout Los Angeles County have been experiencing impacts associated with coronavirus since it emerged. Businesses and their employees are suddenly facing declining sales, operational challenges, or financial uncertainty. The County, as well as the State, has made resources available to business owners during this time. The County's Department of Consumer and Business Affairs' Office of Small Business can help connect you to local, state and federal resources, including layoff aversion and emergency loans.
The following interim guidance may help prevent workplace exposures to acute respiratory illnesses, including COVID-19, in non-healthcare settings. The guidance also provides planning considerations if there are more widespread, community outbreaks of COVID-19.
Workplace safety and health regulations in California require employers to protect workers exposed to airborne infectious diseases such as the coronavirus. Cal/OSHA has posted guidance to help employers comply with these safety requirements and to provide workers information on how to protect themselves.
Workplace safety and health regulations in California require employers to protect workers exposed to airborne infectious diseases such as the coronavirus. Cal/OSHA has posted guidance to help employers comply with these safety requirements and to provide workers information on how to protect themselves.
The Department of Industrial Relations has provided answers to many frequently asked questions. Need to know if an employee can use California Paid Sick Leave due to COVID-19 illness? Wondering can an employer require a worker who is quarantined to exhaust paid sick leave? Seeking options for what to do if your child’s school or day care closes for reasons related to COVID-19?
The Aerosol Transmissible Diseases (ATD) standard (California Code of Regulations, title 8, section 5199), contains requirements for protecting employees from diseases and pathogens transmitted by aerosols. COVID-19 is an airborne infectious disease covered by the ATD standard. This interim guidance provides employers and workers in health care settings with vital information for preventing exposure to the virus.
Under the FMLA, covered employers must provide employees job-protected, unpaid leave for specified family and medical reasons, which may include the flu where complications arise. Employees on FMLA leave are entitled to the continuation of group health insurance coverage under the same terms as existed before they took FMLA leave. Further explanation and other related questions are answered here.