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

    • ag-and-open-space-200x103Grant funding is available to Sonoma County farmers and ranchers affected by COVID-19 through the Ag + Open Space Agricultural Support and Protection (ASAP) Emergency Matching Grant Program. Funding will contribute to keeping agricultural lands productive by mitigating the impacts of COVID-19 on Sonoma County’s agricultural community, the vitality of which is essential in the provision of local food, natural resource protection, scenic open space and economic opportunities. The proposed budget for the ASAP Matching Grant Program is $1,000,000.
      To apply or for information, visit SonomaOpenSpace.org/ASAP or contact Jennifer Kuszmar, Matching Grant Coordinator at jennifer.kuszmar@sonoma-county.org or 565-7266. Deadline October 30, 2020.
    • 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 November 10, 2020. 

        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