Small Business covid-19 response (cares Act)
The U.S. Small Business Administration may offer assistance with applying for relief, guidance through available resources, cash flow concerns, supply chain interruptions, workforce capacity, insurance coverage and more. Online here: COVID-19 Resources
COVID-19 resources available at the above link include:
The Small Business Owner’s Guide to the CARES Act – A guide providing 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.
COVID-19 Small Business Survival Guide – A Small Business Survival Guide to help navigate through the COVID-19 epidemic.
The Economic Injury Disaster Loan will provide an advance of up to $10,000 in economic relief to businesses that are currently experiencing a temporary loss of revenue due to COVID-19.
The Economic Injury Disaster Loan is for small businesses with less than 500 employees (including sole proprietorships, independent contractors and self-employed persons), private non-profit organization or 501(c)(19) veterans organizations affected by COVID-19. Businesses in certain industries may have more than 500 employees if they meet the SBA’s size standards for those industries. To see if you business qualifies visit, https://bit.ly/2Vauge3
The SBA is offering to automatically pay the principal, interest, and fees of current 7(a), 504, and microloans for a period of six months and automatically pay the principal, interest, and fees of new 7(a), 504, and microloans issued prior to September 27, 2020. Businesses with SBA Serviced Disaster Loans for Home and Business will be provided automatic deferments through Dec. 31, 2020. Interest will still continue to accrue, monthly payment notices will still be mailed out but will reflect that the loan is deferred and no payment is due. This deferment does not cancel out any pre-authorized debits or recurring payments that have been set up. Borrowers will have to stop or cancel these pre-authorized or recurring payments if they do not wish to make these payments at this time. After the automatic deferment period, borrowers will be required to resume making regular principal and interest payments and borrowers that cancelled recurring payments will need to reestablish the recurring payment.
Debt relief is available to small businesses with 7(a), 504, microloans, or SBA Serviced Disaster Loans for Home and Business that were in “regular servicing” status on March 1, 2020.
For more information visit, https://bit.ly/3a1gGPy
SBA Express Lenders are providing expedited SBA-guaranteed bridge loan financing on an emergency basis in amounts up to $25,000 for disaster-related purposes to small businesses who they currently have a business relationship with. Loans can be made up to six months after March 13, 2020 and can be approved through March 13, 2021.
The SBA Express Bridge Loan Pilot Program is available to small businesses that have been impacted by COVID-19 and were in operation on March 13, 2020.
For more information, see: https://bit.ly/3c57n2x
The U.S. Small Business Administration is offering a loan that will allow businesses
affected by COVID-19 to keep their workers on their payroll with the incentive to forgive the loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities. It will be available through June 30, 2020.
The SBA is offering low-interest federal disaster loans for working capital to small businesses suffering substantial economic injury due to the Coronavirus (COVID-19).
For additional information, please contact the SBA disaster assistance customer service center. Call 1-800-659-2955 (TTY: 1-800-877-8339) or e-mail email@example.com
guidance for employers
A list, designated by the State Public Health Officer, of ‘Essential Critical Infrastructure Workers’ in accordance with Governor Newsom’s executive order directing all residents to stay at home except as needed to maintain operations of essential critical infrastructure.
Essential Critical Infrastructure Workers Document: https://bit.ly/2Uzchh2
Providing COVID-19 guidance regarding Employer Information. This resource offers insight into available programs and certain situations that may be applicable to individual circumstances.
Resource is available using the following link: http://bit.ly/2TWHCLH
Offering information on what is currently known about COVID-19 in relation to recommended strategies for employers to implement.
Online here: http://bit.ly/2Qto5Al
Offering guidance to businesses operating in Chico about COVID-19 and answering their questions.
Hours: Email – 24 hours a day, 7 days per week, Phone – M-F: 8am-5pm.
Phone: (530) 896-7299.
Local chambers are publishing business resource information to their websites and social media platforms.
Paradise Ridge Chamber of Commerce- www.paradisechamber.com/
Oroville Chamber of Commerce- www.orovillechamber.com/
Chico Chamber- www.chicochamber.com/
Gridley Area Chamber of Commerce-www.facebook.com/GridleyAreaChamber/
Offering a consistently evolving list of local Chico Businesses and who is offering delivery, curbside pickup, alternative hours, or in-home services. The following business types are included on the website: Food & Beverage, Retail, Salon & Beauty, Fitness & Wellness, Healthcare, Professional & Creative Services, Specialized Trade, Pets & Animal Care, Hospitality & Events, and Non-profits.
Online here: www.chicotogether.com/
tax related business information
Businesses requesting an extension may do so online, by email, or by mail.
To request an extension online, sign in or create an account at: https://bit.ly/39EDKU1 Once logged in, select the account that the extension is being requested for below Accounts. Select Request a Filing Extension below I Want To. Select the A Disaster Occurred, such as a fire, flood, storm, tidal wave, earthquake, or similar public calamity, whether or not resulting from natural causes, which has prevented the timely filing or payment option. Complete the form given.
To request an extension by email, send an email including your first and last name, account number, your relation to the account (owner, officer, bookkeeper, etc.), periods of relief requested, and an explanation of why the requested relief should be granted to BTFD.RAUElectronicMaintenanceRequests@cdtfa.ca.gov
To request an extension of time by mail, send a letter including your first and last name,
account number, your relation to the account (owner, officer, bookkeeper, etc.), periods of relief requested, and an explanation of why the requested relief should be granted to California Department of Tax and Fee Administration, Return Analysis Unit, MIC:35, PO Box 942879, Sacramento, CA 94279-0035.
For more information visit, https://bit.ly/2US7Yhb or call the California Department of Tax and Fee Administration’s Customer Service Center at 1-800-400-7115 (CRS:711). Customer service representatives are available Monday through Friday from 8:00 a.m. to 5:00 p.m. except state