Last update: 04/27/2020

Southern California Coronavirus (COVID-19) Small Business Resources & Updates

The topics below provide Southern California entrepreneurs and business owners with business resources to navigate their businesses through outbreak.

Check back often. We’ll be updating this portal as new resources and funding becomes available.

MicroLenders for Southern California Businesses

Accion

To learn more about payment assistance and new programs in development for new clients, visit Accion’s COVID-19 program updates.

AmPac Business Capital

AmPac has general information regarding deferment, SBA programs, and refinance programs in response to COVID-19. Learn more about the current SBA programs and the CARES ACT here.

CDC Small Business Finance

CDC Small Business Finance is offering financial programs, resources, and webinars. Find CDC Small Business Finance’s most up to date information here.

Opportunity Fund

Current clients and new clients can connect with a team member to discuss relief options. Visit Opportunity Fund for more information.

Small Business Owner’s Guide to the CARES Act

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

The Paycheck Protection Program is currently available through the U.S. Small Business Administration (SBA). This program can assist small businesses and sole proprietors with keeping their employees working during the COVID-19 pandemic. For more information and instructions on how to apply, visit the Paycheck Protection Program website.

Additional Small Business Resources

CDC Finance Emergency Loans

Click here to learn more about the Emergency Relief Small Business Loan Program with CDC Finance.

CDC Finance has created the C-19 Microloan and C-19 Working Loan Capital Program to support small businesses impacted by the COVID-19 pandemic. Please click to download the CDC Small Business Finance Loan Guide.

Opportunity Fund Can Discuss Funding Options

Opportunity Fund is available to discuss funding options for small businesses impacted by the COVID-19 pandemic. Find out how they can help small businesses on their website.

California Association for Micro Enterprise Opportunity (CAMEO) Resources

CAMEO offers resources to assist small businesses with applying for the SBA Disaster Loan Program. Slides from their recent webinar and additional resources to assist small businesses with challenges associated with COVID-19 are also available. Access their program resources on their website.

Express Bridge Loan Program

The U.S. Small Business Administration recently announced the Express Bridge Loan Program that allows small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 with less paperwork. Applicants can locate an Express Bridge Loan Lender via SBA’s Lender Match Tool. Learn more about this program through the Express Bridge Loan Program Guide.

IBank Loan Guarantee Program

One of the IBank Small Business Finance Center’s loan guarantee programs is designed for Disaster Relief specifically and is currently available to small businesses needing assistance to overcome economic injury caused by COVID-19. Find an IBANK PARTNER FDC closest to you to get started.

Pacific Comunity Venture’s Small Business Loan Program

Pacific Community Ventures’ small business loan program provides debt capital and resources to California businesses who are beyond the startup phase but have trouble qualifying for loans from traditional banks or Small Business Administration lenders. Learn more about this program on their website and apply.

American Banker’s Association Provides List of Financial Institutions

The American Banker’s Association has provided an extensive list of how financial institutions are supporting consumers and businesses during the COVID-19 pandemic. Review opportunities for assistance and programs at ABA online.

Business for All–Hello Alice

Hello Alice is offering $10,000 grants being distributed immediately to small business owners impacted by the COVID-19 pandemic. Lear more at Hello Alice.

Credit Union of Southern California

Credit Union of Southern California is availability to discuss special loan programs and other assistance to support small businesses financially impacted by the COVID-19 pandemic.

  • Contact a team member toll-free at 866 CU SoCal (866.287.6225), Monday through Friday 9 a.m.-6 p.m., and Saturday 9 a.m.-1 p.m.

Freelancers Union

The Freelancers Union is providing assistance of up to $1,000 to freelancers (one per household) to cover income loss and essential expenses. Funding amounts for awards will be determined by the magnitude of income loss as a result of the COVID-19 pandemic. Review guidelines and access application.

California Capital Access Program

The California Capital Access Program (CalCAP) is a loan loss reserve program that can provide up to 100% coverage on losses for certain loan defaults. Enrollment must be completed through a participating lender: Contact a participating lender for this list.

SheaMoisture Minority Business Fund

SheaMoisture Minority Business Fund will provide awards to minority-owned businesses who are finding creative ways to respond to the current pandemic. For more information, please visit SheaMoisture COVID-19 Small Business Support. To receive updates and learn how to apply, follow the company on Instagram at @sheamoisture.

Omidyar Network COVID-19 Economic Response Advocacy Fund

Omidyar Network is now accepting applications to the Omidyar Network COVID-19 Economic Response Advocacy Fund. Organizations seeking funding for their 501(c)(4) are eligible. For more information, please visit the website.

Pen America Writer’s Emergency Fund

Pen America is providing grants through their Writers’ Emergency Fund. Eligible applicants must be based in the United States, a professional writer, and able to demonstrate that this one-time grant will be meaningful in helping them to address an emergency situation. For more information, visit the Writer’s Emergency Fund.

Artists Relief

The Artists Relief initiative is currently accepting applications from artists experiencing hardships related to the COVID-19 pandemic. Applicants must be 21 or older, able to receive taxable income in the United States, and have lived and worked in the United States for the last two years. To learn more and apply, visit the Artist Relief website.

Grow with Google Small Business Fund

The Grow with Google Small Business Fund, managed in partnership with Opportunity Finance Network, will allow community development financial institutions (CDFIs) to support both the short-term recovery and long-term financing needs of America’s small businesses. For more information and to connect with a local CDFI, visit the website.

Verizon Small Business Recovery Fund

The Verizon Small Business Recovery Fund is offering grants to help small businesses fill urgent financial gaps until they can resume normal operations or until other more permanent financing becomes available. Although ‘one round’ applications are now closed, small businesses can register for another round beginning in mid-April 2020. To learn more and register, visit the Verizon Small Business Recovery Fund website.

U.S. Chamber of Commerce Foundation’s Initiative

Eligible small businesses could receive a $5,000 grant through the U.S. Chamber of Commerce Foundation’s Initiative, Save Small Business Fund. The application process is set to go live on Monday, April 20, 2020, at 12:00PM Pacific. To learn more and sign up for updates, visit the Save Small Business Fund. https://savesmallbusiness.com

Jewish Free Loan Association

The Jewish Free Loan Association is providing emergency and small business interest-free loans for those impacted by the COVID-19 pandemic. Small business owners in Los Angeles County would qualify. For more information and to complete an application, visit the Jewish Free Loan Association.

Riverside County Economic Development Agency

The Riverside County Economic Development Agency is providing business loans from $25,000 – $380,000. Applicants must reside and operate in Riverside County. For more information, view the agency’s program flyer.

Kiva

Small businesses in need of financial assistance can seek access to capital through Kiva, a nonprofit organization. Applicants must be living in the U.S., at least 18 years old, and use the loan for business purposes. To learn more and apply, visit the Kiva website.

The Federal Reserve Main Street Lending Program

The Federal Reserve is currently working to establish the Main Street Lending Program to support small to medium-sized businesses with good financial standing prior to the COVID-19 pandemic. Once the program is in place, eligible applicants will need to apply through an eligible lender. To learn more and receive updates, please visit the Federal Reserve Main Street Lending Program website.

WeFunder Disaster Loan

Nominate a business to receive a disaster loan from WeFunder. Visit the website to learn more about the program and submit a nomination at the WeFunder website.

Salesforce and Ureka Grant

Salesforce, in partnership with Ureeka, is providing an opportunity for small businesses to receive a $10,000 grant to help them navigate the impact of the COVID-19 pandemic. Applications for California open on Monday, April 27, 2020 at 8 AM PDT and closes on Monday, May 4, 2020 at 11:59 PM PDT. To review eligibility and obtain quick access to the application portal, visit the Salesforce Care Small Business Grants website.

Ampac Business Capital

AmPac Business Capital currently has the following programs available in addition to their deferred payment program:

  • SBA Micro Loan provides small business with loans up to $50,000 with six months of debt forgiveness for loans funded by September 27, 2020.  Businesses must also provide proof that they have applied for the SBA Economic Injury Disaster Loan for expedited review.
  • AmPac SBA 504 Debt Refinance program provides business owners with conventional commercial loans with 85-90% debt re-financing and up to 20% cash out for business expenses for up to 25 years of fixed rates (today’s fixed rate is 2.88%).  Loan proceeds may be used to refinance conventional loans, seller carry loans and hard money loans for real estate, equipment and other fixed assets.  Businesses that get an approval by June 30, 2020 will be provided six months of debt forgiveness once their SBA loan funds.

Go to ampac.com to learn more and apply.

CDC Loans Deferment Program

Find answers to your deferment questions on their website.

Accion COVID-19 Payment Assistance and Defer Payment Program

Current clients of Accion can apply for the organization payment assistance program to defer payment. 

BBVA Loan Payment Assistance

BBVA is currently accepting COVID-19 Loan Payment Assistance requests. Assistance is available for real estate loans, installment loans, credit cards or Small Business/SBA loans.  To complete a request, go to BBVA’s website and complete the form. 

Citibank COVID-19 Assistance

Citibank is ready to assist U.S. Customers and small businesses impacted by COVID-19. Assistance includes fee waivers, hardship programs, and small business support. To find out more information, visit Citibank’s post about it here.

Flagstar Bank Relief Program

Flagstar Bank is currently offering relief programs for consumer loans and lines of credit. You can find out more and apply at Flagstar Bank online.

U.S. Department of Labor

The U.S. Department of Labor has released their guidelines that fall under the Families First Coronavirus Response Act (FFCRA or Act) that requires certain employers to provide their employees with paid sick leave, expanded family leave, and medical leave for reasons that relate to the COVID-19 pandemic. Provisions will apply from April 1, 2020 through December 31, 2020. Download the U.S. Department of Labor Family First Coronavirus Response Act (FFCRA or Act) guidelines.

Sempra Energy Foundation

Sempra Energy Foundation announced the creation of a Hardship Fund of $1 million for small and medium-sized nonprofit organizations to address the impacts of COVID-19 in their communities. The Hardship Fund will provide grants from $500 up to $50,000 to nonprofit organizations serving populations impacted by COVID-19. Go to Sempra Energy Foundation’s website to find out more about the COVID-19 Hardship Fund.

IE Funders Alliance Rapid Response Fund

The IE Funders Alliance Rapid Response Fund has been established by the Funders Alliance of San Bernardino & Riverside Counties to provide critical and timely support for nonprofits providing services in Riverside and San Bernardino counties in response to the COVID-19 crisis and the negative impact it will have on vulnerable people and communities. Download the guidelines for the IE Funders Alliance Rapid Response Fund.

Corona Chamber of Commerce Resource Guide

The Chamber has prepared a well-rounded guide outlining helpful resources for businesses and employees. The guide includes tool kits, recommendations on where to obtain updates for Riverside County and the City of Corona, virtual tools, advice, and other valuable guidance. You can download the Corona Chamber of Commerce Resource Guide here.

Facebook

Facebook has compiled a list of resources to support small business transitions during the COVID-19 pandemic. Small businesses can also apply for The Facebook Small Business Grants Program. You can review the resources and sign up for updates with Facebook on their website.

Small Business Majority

COVID-19 Daily Updates for Small Businesses
Small Business Majority is providing daily updates for small businesses and several on-demand webinars are available for viewing as well. Visit the Small Business Majority website for daily updates page and access the webinars.

The organization also provides a wealth of national and state resources.

Click on the web links below to review.

COVID-19: National Resources

COVID-19: California Resources

Initiative for a Competitive Inner City (ICIC)

Small Business Resource Center for COVID-19
ICIC has created a resource center to include guidance on raising capital, crowdfunding, budgeting, and other financial resources for small businesses. Check out their resources on the ICIC website.

Restaurant Workers’ Community Foundation

The Restaurant Workers’ Community Foundation has provided a listing of relief funds and financial assistance. Resources to address unemployment, immigration, policies, and healthcare are also available on their resource page. You can find a list of the relief funds and financial assistance on their website.

City of Rancho Mirage Rancho Mirage

The City of Rancho Mirage Rancho Mirage is offering a Food Access Program for Restaurants that will provide $8,000 of funding to restaurants within city limits. To review eligibility requirements and access the application, visit the City of Rancho Mirage.

The California Restaurant Association Foundation

The California Restaurant Association Foundation is currently accepting applications for its Restaurants Care/COVID-19 Grant. The Foundation is providing one-time financial support to restaurant employees facing an unforeseen hardship to cover costs associated with rent, food, utilities, as well as personal challenges as a result of mental health and substance abuse challenges. For more information and to apply, visit the California Restaurant Association’s Fund Details page.