Child Care Provider Small Business Assistance and COVID-19 Information

SBA Disaster Loans Now Available To Affected California Small Businesses

Disaster Assistance is now available to all California small businesses that have been economically impacted by COVID-19. The US Small Business Administration (SBA) is offering low-interest federal disaster loans for working capital to all small businesses suffering substantial economic injury.

Economic Injury Disaster Loans of up to $2 million are available for qualifying small businesses, private nonprofits, and small agricultural cooperatives and aquaculture enterprises that have been financially impacted as a direct result of the coronavirus since Jan. 31, 2020. These loans can be used to fulfill financial obligations and operating expenses that could have otherwise been met if the disaster had not occurred, including fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact.

Eligibility is based on the financial impact of the coronavirus. For more information on eligibility and interest rates, please visit https://disasterloan.sba.gov/ela or call SBA’s Customer Service Center at (800) 659-2955.


Federal Relief Package

The US Senate yesterday voted in favor of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The House of Representatives will vote on it tomorrow before sending to President Trump for signature. Included in the package, which is close to $2 trillion, is $377 billion in assistance for small businesses. The money is split into:

  • $350 billion in loan forgiveness grants to small businesses and nonprofits to maintain existing workforce and help pay for other expenses like rent, mortgage, and utilities;
  • $10 billion for SBA emergency grants of up to $10,000 to provide immediate relief for small business operating costs; and
  • $17 billion for SBA to cover 6 months of payments for small businesses with existing SBA loans.

Local Resources

 

City of San Diego Economic Relief Package which includes:


Additional State Resources

California has several resources for small businesses navigating the effects of COVID-19. If you’re looking for information, check out:


As always, information about California’s response to the Coronavirus can be found at www.covid19.ca.gov

 

 

 

IMPORTANT! Effective Monday, March 23, 2020 and until further notice CDA will be working remotely. Our office lobbies remain closed to the public, but our staff are still AVAILABLE via emails and phone calls to support you! Visit our news page to read the full updateclick here.
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