Sunday, March 22, 2020

Economic Assistance Programs for California Small Businesses Affected by Coronavirus (COVID19)


Federal, state, and local governments are announcing economic aid and loan programs to assist small businesses impacted by COVID-19 (coronavirus). These include:

U.S. Federal government (IRS): https://www.irs.gov/coronavirus?utm_source=Summit+CPA%2C+Inc.&utm_campaign=f247223cfa-EMAIL_CAMPAIGN_2020_03_22_02_30&utm_medium=email&utm_term=0_c3b50b8184-f247223cfa-356485491

IRS tax filing and payment deadlines extended to July 15, 2020: https://www.irs.gov/newsroom/payment-deadline-extended-to-july-15-2020

Federal government (SBA loans): https://www.sba.gov/page/coronavirus-covid-19-small-business-guidance-loan-resources

State of California: https://oewd.org/covid-19-small-business-resiliency-fund

New 4/2/2020: Gov. Newsom announces additional small business loans for those that may not be eligible for federal SBA loans: https://www.gov.ca.gov/2020/04/02/governor-newsom-announces-new-help-for-small-businesses-workers-displaced-by-covid-19/

State of California Franchise Tax Board (FTB) tax filing and payment deadlines extended: https://www.ftb.ca.gov/about-ftb/newsroom/covid-19/index.html

State of California Employment Development Department (EDD): https://www.edd.ca.gov/about_edd/coronavirus-2019.htm

City of Los Angeles: https://www.lamayor.org/mayor-garcetti-announces-economic-relief-package-small-businesses-impacted-novel-coronavirus

City and County of San Francisco: https://oewd.org/assistance-guidance-businesses-and-workers-impacted-covid-19

Facebook Small Business Assistance Program: https://www.facebook.com/business/boost/grants

For businesses that are permitted to remain open by state and local authorities, guidance from the U.S. Center for Disease Control has best practices to avoid spreading coronavirus.

Posted March 22, 2020, updated April 2, 2020.