COVID Resources for Businesses

Nevada County RELIEF Fund – deadline May 19th

Nevada County RELIEF Fund seeks grant applications from “safety-net” nonprofits in western Nevada County providing a life-line to our neighbors most in need, and small businesses throughout the County hardest hit by the COVID-19 pandemic.

Nonprofit “Safety-net” Grants Range from $5,000 – $20,000
The Relief Fund seeks applications from nonprofits focused on the rapid deployment of services for seniors, people who are homeless, people with disabilities, youth who are at-risk, families or individuals struggling to find access to food, shelter, childcare, and other critical needs. Together with the Tahoe Truckee Community Foundation, which serves eastern Nevada County, these efforts boost nonprofit capacity and strengthen the “safety-net” for the region’s most vulnerable citizens.
Small Business “Micro-Grants” up to $5,000 Per Applicant Available 
The Relief Fund will also award micro-grants for small business owners and nonprofits countywide struggling to survive until they can reopen or resume normal operation. These grants will be managed by the Sierra Business Council, who will also provide awardees with one-on-one business counseling through its Small Business Development Center.
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Business Resilience Kit & Check List

A toolkit of actions to develop a resiliency plan, as well as direct actions to respond to specific hazards. Download the Business Resilience Tool Kit.  

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New: Pandemic Unemployment Assistance (PUA) Program

This is a newly available emergency unemployment assistance program under the federal CARES Act. PUA provides assistance for unemployed or partially unemployed individuals who are not eligible for regular unemployment insurance and who are unable or unavailable to work due to COVID-19 related circumstances.

The Employment Development Department (EDD) will be accepting on-line applications for this program beginning on Tuesday, April 28. Check back on this page for the latest updates.

https://www.labor.ca.gov/pandemic-unemployment-assistance-pua-program/

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Constant Contact Small Business Tool Kit & Action Plans

https://www.constantcontact.com/smb-action-plans

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Preparing Your Business for a Post Pandemic World

https://hbr.org/2020/04/preparing-your-business-for-a-post-pandemic-world


Sierra SBDC COVID-19 Small Business Survival Guide

We have developed the Small Business Survival Resources related to COVID-19 to help navigate through the chaos COVID-19 is having on our communities. Please reach out to our SBDC center if you have questions regarding how your business can maximize the available help.

https://www.sierrasbdc.com/sites/default/files/Covid19-survival-guide_sbdc_3-26-v3.pdf


SBA’s COVID-19 Funding Programs

Information on the US Small Business Association’s Coronavirus Relief Options.

SBA Express Bridge Loans PDF | SBA Debt Relief Fund


SBC & SBDC California – Tips for Renegotiating Commercial Rent

Tips for Renegotiating Commercial Rent

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The Small Business Owner’s Guide to the CARES Act

NOTE: The Small Business Administration will resume accepting PPP loan applications on Monday, April 27 at 7:30AM PDT from approved lenders on behalf of any eligible borrower. Learn more 

The programs and initiatives in the Coronavirus Aid, Relief, and Economic Security (CARES) Act are intended to assist business owners with whatever needs they have right now. When implemented, there will be many new resources available for small businesses, as well as certain non-profits and other employers. This guide provides information about the major programs and initiatives that will soon be available from the Small Business Administration (SBA) to address these needs, as well as some additional tax provisions that are outside the scope of SBA.


Paycheck Protection Program (PPP) – Cares Act

The Paycheck Protection Program, which was enacted under the Coronavirus Aid, Relief and Economic Security (CARES) Act (P.L.116-136), allocates nearly $350 billion for companies to cover payroll expenses so they can retain workers during the coronavirus pandemic.

Lenders will start accepting Paycheck Protection Loan (PPP) applications April 3rd, for small businesses and sole proprietors. Independent contractors and self-employers can begin submitting applications on April 10th. This program provides potentially forgivable loans in amounts to cover 2.5 months of payroll or $10 million (whichever is less).

To apply for a PPP:

  • Review the summary of the program and the application and gather the necessary materials such as payroll tax filings, proof of lease payments, proof of mortgage payments, and proof of utility payments
  • Get in contact with your accountant and/or bank that pays out your business’s payroll.
  • Contact your bank to confirm whether if it is authorized to process your Paycheck Protection Program loan. Review their loan processing requirements.
  • If you are not connected to an authorized lender, you can search for an eligible lender here. Please note: only headquarter locations are shown currently. Many local banks are participating in the program, which is why we recommend contacting your current bank as a first step.

Economic Injury Disaster Loan (EIDL) – Cares Act

Notice: Lapse in Appropriations

SBA is unable to accept new applications at this time for the Economic Injury Disaster Loan (EIDL)-COVID-19 related assistance program (including EIDL Advances) based on available appropriations funding.

Applicants who have already submitted their applications will continue to be processed on a first-come, first-served basis.

 


Guide to the Employee Retention Tax Credit – Cares Act

The Coronavirus Aid, Relief, and Economic Security (CARES) Act created a new employee retention tax credit for employers who are closed, partially closed, or experiencing significant revenue losses as a result of COVID-19.

Who is eligible?

  • Private employers, including non-profits, carrying on a trade or business in 2020 that:
  • Have operations partially or fully suspended as a result of orders from a governmental authority due to COVID-19, or
  • Experience a decline in gross receipts by more than 50% in a quarter compared to the same quarter in 2019 (eligibility ends when gross receipts in a quarter exceed 80% compared to the same 2019 quarter)
  • With respect to tax-exempt organizations under 501(c) of the tax code, the requirement to be partially or fully suspended applies to all operations of the organization.
  • Employers who receive a Paycheck Protection Program (PPP) loan are not eligible for a tax credit. 

View and download Tax Credit Guide here


Financial Resources

SBA Funding Programs – Capital Access

Incidents can strain a small business’s financial capacity to make payroll, maintain inventory and respond to market fluctuations (both sudden drops and surges in demand). Businesses should prepare by exploring and testing their capital access options so they have what they need when they need it.

IBANK Jump Start Loan Program

IBank is offering loans from $500 to $10,000 to low-wealth entrepreneurs in the declared disaster and emergency areas through its Jump Start Loan Program.

Ad Credits for Google Ads Small and Medium-sized Businesses


Local Resources

Nevada County Updates and health statements: https://www.mynevadacounty.com/2924/Coronavirus

Nevada County Guidance for Businesses/Employers

https://www.mynevadacounty.com/2927/Coronavirus-Guidance-for-BusinessesEmplo

Nevada County Hospitality directive

Updated directives for restaurants and bars can be found here.

Employers can access support for their businesses and their employees with these helpful resources.

Collaborative Resources for Nevada County Small Businesses – a Facebook Group for those who wish to share, ask questions, receive and give advice, and provide feedback on the most pressing issues facing your (creative) enterprise.


Free SBDC Webinars for Coping with COVID-19

Featuring interviews with experts in capital resource, e-commerce and more… These FREE SBDC webinars are designed to equip you with tools to navigate the economic difficulties posed by COVID-19.

Webinar Series for Business and Nonprofits Amidst COVID-19

PAST WEBINAR RECORDINGS

Prepping to apply for Emergency SBA Economic Injury Loans
https://vimeo.com/398658156/e1796f4dc9

Assistance Available for Businesses & Nonprofits
What resources are available to you in these challenging times.  Learn about Federal, State and Local resources that can help you think through business decisions.
Recording Here

Cash Flow and Scaling Operations with Tahoe Truckee Community Foundation
Running a small business or nonprofit means navigating timely decisions with limited resources.
What are the key questions and options that you have to make the best choices that are available to you today.
Recording Here

Virtual Workforce and Meetings with Tahoe Truckee Community Foundation
Businesses, now more than ever, are relying on electronic communications, on-line meetings and a virtual workforce.  How do you start to put the right tools and procedures in place to help ensure a productive transition into new platforms.
Recording Link

HR Topics in challenging times with Tahoe Truckee Community Foundation
There are so many decisions facing us as business managers. Human Resources is one of the most important resources to any business.  How do we ensure that fair practices and clear policies are in place during this rapidly changing time?
Meeting Link: https://zoom.us/j/337376753 

Coping with COVID: Emergency cash flow resources and opportunities
Northern California SBDC Hosts a panel of expert advisors who will offer sugestions and answer your questions on how small businesses can cope with tight cash flow during the Covid-19 emergency
Recording here.

Free Webinar from NorCal SBDC for RESTAURANTS AND BARS
https://vimeo.com/399542634/5401034cde>
This webinar is for restaurants, bars and the hospitality industry employers to get information and resources for their employees and businesses.

COVID-19 HR Guidance and Best Practices from ThinkHR 
http://pages.thinkhr.com/03.19.20COVID-19_WebinarReplayLP.html
Recording Here

Resources for Employees of CA Small Businesses Impacted by COVID-19 
app.livestorm.co/small-business-majority/resources-for-employees-of-california-small-businesses-impacted-by-covid-19

Preparing Small Businesses for the Next New Normal: hosted by the Sierra SBDC and Nevada County Executive Office
This interactive session will cover how to come to terms with your current cash situation, options for emergency financing (including tips for SBA loan applications) and planning for the next phase of your business.
Recording Here


Local Online Groups

Homebound Happenings Facebook Group – Local Information about local and worldwide virtual events – concerts, museum tours, theater performances, etc.

Virtual Shop & Support Local – Facebook Group – A page where Nevada County businesses, contractors, employees, artists, creatives and non-profits can post their online shop, offer, membership page or virtual tip jar.

Nevada County Strong: Building a Resilient Community Today for Tomorrow – Facebook Group – A resource and discussion group.

Facebook for Business – COVID-19 Business Resource Hub Facebook Group – International Facebook’s resources and advice for managing your business during the COVID-19 outbreak.


State Resources

The Latest News and Resources for Your Business, California SBDC

COVID-19 Top Resources for Employers (CalChamber)

CA Division of Labor Standards Enforcement (DLSE) FAQ on COVID-19 for Employers

CA Labor & Workforce Development Agency – Resources for Employers and Workers

CA Employment Development Dept. Work Sharing Program. Information about how employers can apply for the Unemployment Insurance Work Sharing Program if reducing hours/production.

An alternative to Layoffs
Rapid Response Services Fact Sheet for Businesses facing mass layoffs or closures


National Resources

Families First Coronavirus Response Act Notice
Each covered employer must post a notice of the Families First Coronavirus Response Act (FFCRA) requirements in a conspicuous place on its premises. An employer may satisfy this requirement by emailing or direct mailing this notice to employees, or posting this notice on an employee information internal or external website.

CDC, Interim Guidance for Businesses and Employers

OSHA Guidance on Preparing Workplaces for COVID-19

National Restaurant Association, Coronavirus Information and Resouces

Resilience in a Box

If your business needs help putting a plan in place, use the U.S. Chamber Foundation’s toolkit created in partnership with the UPS foundation.

Coronavirus Management System™, Prepare your Organization for COVID-19