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.
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.
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.
Constant Contact Small Business Tool Kit & Action Plans
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.
SBA’s COVID-19 Funding Programs
Information on the US Small Business Association’s Coronavirus Relief Options.
SBC & SBDC California – Tips for Renegotiating Commercial Rent
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.
- Review Full Guide to the CARES Act
- Emergency Loans Small Business Guide and Checklist, U.S. Chamber of Commerce
- Guide to Economic Industry Disaster Loans, U.S. Chamber of Commerce
- Guide to the Employee Retention Tax Credit, U.S Chamber of Commerce
- Paycheck Protection Program Loan Summary
- Paycheck Protection Program Application
- CARES Act Flow Chart for Small Businesses
- CARES Act family & individual rebates FAQ | Spanish version
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.
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 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.
Nevada County Updates and health statements: https://www.mynevadacounty.com/2924/Coronavirus
Nevada County Guidance for Businesses/Employers
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.
PAST WEBINAR RECORDINGS
Prepping to apply for Emergency SBA Economic Injury Loans
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.
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.
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.
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
Free Webinar from NorCal SBDC for RESTAURANTS AND BARS
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
Resources for Employees of CA 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.
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.
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
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.
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 Small Business Guide. U.S. Chamber of Commerce
- Combating the Coronavirus, U.S. Chamber of Commerce Resource and Guideline for Business
- Better Business Bureau COVID-19 Resource Page