Financing

  • Open-for-Business-1280x525

Loans

  • SBA-Logo-120x120The U.S. Small Business Administration has just announced the availability of low-interest federal disaster loans (up to $2 Million) for working capital to small businesses suffering substantial economic injury as a result of the Coronavirus. These loans may be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact.
    • IBank-Logo-120x120California Small Business Disaster Relief Loan Guarantee Program (via IBank). $50 million in state funding, providing potential capital for individuals who may not qualify for federal funds.
    • CalCAP-Logo-120x120The California Capital Access Program (CalCAP) for Small Business encourages banks and other financial institutions to make loans to small businesses that have difficulty obtaining financing. If you own a small business and need a loan for start-up, expansion or working capital, you may eligible for this program. CalCAP is a loan loss reserve program which may provide up to 100% coverage on losses as a result of certain loan defaults. Loans are available up to $5 million.
    • US-Treasury-Logo-120x120The U.S. Department of the Treasury and Federal Reserve Board Announce New and Expanded Lending Programs to Provide Up To $2.3 Trillion in Financing: On Thursday, April 9, Treasury launched a Main Street Business Lending program and a Municipal Liquidity Facility to support the flow of credit to American workers, businesses, states, counties, and cities impacted by the coronavirus pandemic. The Municipal Liquidity Facility (MLF) will provide up to $500 billion in direct financing to states, counties, and cities to help ensure they have the funds necessary to provide essential services to citizens and respond to the coronavirus pandemic. More here. MLF term sheet and guidance can be found here.

    Disaster Funding

    • Fema-Logo-120x120Businesses can begin applying for FEMA Disaster Assistance while we await a disaster declaration to release these funds.

    Grants

    • Hello-Alice-Logo-120x120Hello Alice is offering $10,000 Business for All Emergency Grants being distributed immediately to small business owners impacted by Coronavirus, as part of their broader mission to ensure Business for All. In addition to funding, grant recipients will receive ongoing support from the Hello Alice community. Deadline to apply is September 25, 2020. 
    • Community Aid from Sonoma County Vintners Foundationis offering $1.2 million in aid for the Sonoma County Community. The first program is a Winery and Restaurant Employee Assistance program. The second is the annual distribution of community grants to Sonoma County nonprofit organizations.
    • Job Link One Time Financial Assistance Opportunity. Job link is offering financial assistance to individuals whose income was impacted by COVID-19. Eligible individuals may include those who were:
      • Laid off or had hours reduced
      • Not able to work due to COVID-19 school/childcare closure
      • Unable to telework due to lack of equipment or technolog
      • Unable to work because you or your family member were high risk for contacting COVID-19
        For more information please call Job Link at (707) 565-5550

      Business Expenses

      • When events cause people and businesses to suffer serious and costly losses and insurance benefits become critically important to recovery, United Policyholders provides guidance, advocacy support and information to facilitate fair claim payouts.

      Contact Information

      Lauren Cartwright

      Business Retention and Expansion Program Manager

      Economic Development Board
      Contact us by Phone

      Contact Information

      Marcos J. Suarez

      Asistencia a Negocios en Español

      Economic Development Board
      Contact us by Phone

      Contact Information

      Christine Palmer

      Business Development Program Manager

      Economic Development Board
      Contact us by Phone
      Address
      141 Stony Circle, Suite 110
      Santa Rosa, CA 95401