COVID-19 funding options search
A resource of private funding options to help small businesses.
CA Small Business COVID-19 Relief Grant Program
On November 30th, 2020, the State of California announced the allocation of funds for COVID-19 Relief Grant for Small Businesses. The Office of the Small Business Advocate announced new funding rounds for the California Small Business COVID-19 Relief Grant Program. Grants of up to $25,000 will be distributed to underserved micro and small businesses throughout the State of California. Please note, this is NOT a first come first serve grant. For more information: California Small Business COVID-19 Relief Grant Program.
Economic Injury Disaster Loans and Emergency Economic Injury Grants*
These grants provide an emergency advance of up to $10,000 to small businesses and private non-profits harmed by COVID-19 within three days of applying for an SBA Economic Injury Disaster Loan (EIDL). To access the advance, you first apply for an EIDL and then request the advance. The advance does not need to be repaid under any circumstance, and may be used to keep employees on payroll, to pay for sick leave, meet increased production costs due to supply chain disruptions, or pay business obligations, including debts, rent and mortgage payments.
California 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.
The 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.
The California Rebuilding Fund is a loan program to support California’s small businesses—especially those located in economically disadvantaged and historically under-banked areas of the state. Businesses who employed 50 or less full-time equivalent employees (FTEs) and had gross revenues of less than $2.5 million or below in 2019 are eligible to apply. The loans are flexible, transparent and are designed to help businesses access the capital and advisory services they need to get through these challenging economic times.
Main Street Small Business Tax Credit II
Allows a small business hiring credit against California state income taxes or sales and use taxes.
- Eligible businesses must have 500 or fewer employees as of Dec. 31, 2020, and
- Suffered a 20% decrease or more in income tax gross receipts