Business Resources During Covid-19

During the Covid-19 pandemic, the HMB Coastside Chamber will continue to gather and update resources for our local businesses. If you know of something that could be useful to businesses please email us at [email protected]. Thank you!

December 22, 2020 : New Stimulus Package Updates

At the time of this writing, the package has passed both houses but still needs to be signed by the President. It's expected he will do so. Here's what we're hearing so far...

2nd Round Paycheck Protection Program

  • $284 billion in aid for eligible businesses with 300 employees or less and a 25% decline in revenue in any quarter in 2020 may receive a second PPP loan of up to $2 million.
  • It carves out $12 billion for minority-owned businesses.
  • It also expands eligibility to more nonprofits as well as local newspapers, TV and radio broadcasters.
  • It will give businesses more flexibility on how they spend the money and simplify the forgiveness process for loans under $150,000.
  • Start preparing to apply now as it will most likely be a ramscramble like last time. It may take several days or possibly weeks before the applications become available. No one is clear yet if the SBA has prepared for this package roll-out. Some banking institutions who participated last time, may not be participating this time, so check to see if your bank plans to.

Grants for Business Types

  • AIRPORTS
    • $2 billion in grants for airports and airport concessionaires including $1.75 billion in grants for commercial service airports and $200 million for airport concessionaire relief.
  • CHILD CARE & SCHOOLS
    • $10 billion to support child care providers.
    • $82 billion in aid for K-12 schools and colleges.
  • HEALTH CARE & HOSPITALS
    • $3 billion for hospitals and health care providers for reimbursement of health care-related expenses or lost revenue resulting from the pandemic.
  • SENIOR MEAL SERVICES
    • $175 million for nutrition services for seniors, such as Meals on Wheels.
    • $13 million for the Commodity Supplemental Food Program.
  • VENUES
    • $15 billion in grants to concert venues, performing art centers, theaters, and museums with 500 or less full-time equivalent employees and at least a 25% decline in revenue, among other qualifications.
    • The money will be for specified expenses such as payroll costs, rent, utilities and personal protective equipment.
    • During the first 14 days of the program's implementation, grants will be awarded to those who have faced 90% revenue losses. The next two-weeks for those who have experienced at least 70% revenue losses. After the first month of the program, any other eligible businesses may receive grants.

Business Tax Credits

  • Extension of the Employee Retention Tax Credit through July 1, 2021.
  • Full deductibility of business meal expenses incurred in 2021 and 2022.
  • Employers who are deferring their workers' payroll taxes now have until the end of 2021 to increase their employees' withholding to pay back the taxes owed.

For Individuals & Households

  • DIRECT STIMULUS PAYMENTS
    • $600 to individuals making up to $75,000 per year and $1,200 to couples making up to $150,000.
    • $600 for each dependant child.
    • The amounts will be based on 2019 incomes. Those who filed their 2019 tax returns will receive their money automatically, as well as Social Security recipients and those who uploaded their bank account information using the IRS's online portal to receive their first payments.
    • Undocumented who don't have Social Security numbers are ineligible, but their spouses and children are now eligible if they have Social Security numbers.
  • UNEMPLOYMENT BENEFITS
    • $300 weekly federal enhancement in benefits for 11 weeks, from the end of December through March 14, 2021.
    • Extension of the Pandemic Unemployment Assistance program which expanded jobless benefits to gig workers, freelancers, independent contractors, self-employed.
    • Extention of the Pandemic Emergency Unemployment Compensation program which provided an additional 13 weeks of payments to those who exhaust their regular state benefits.
  • RENTAL ASSISTANCE & EVICTIONS
    • The eviction moratorium extended until January 31, 2021.
    • $25 billion in rental assistance for individuals who lost their sources of income during the pandemic.
  • FOOD ASSISTANCE
    • $13 billion for an additional raise in the federal Supplemental Nutrition Assistance Program (SNAP) benefits by 15% for six months.

Re-Opening Resources

State COVID-19 Employer Playbook For a Safe Reopening

Updates as of July 31, 2020. The COVID-19 Employer Playbook was revised on July 31, 2020 to require employers to contact the local health department in any jurisdiction where a COVID-19 employee resides when there is an outbreak in a workplace. An outbreak is defined as three or more laboratory-confirmed cases of COVID-19 within a two-week period among employees who live in different households Additionally, this update aligns the minimum criteria for return to work with CDC guidance. A new table was added for employers who are considering whether to temporarily suspend operations due to a COVID-19 infection. Click here to download the guide.

State Guidelines per Industry with Checklists

https://covid19.ca.gov/industry-guidance
Every business needs to create a safer, low-risk environment. If you own or manage a business, follow the guidance below to protect your workers and customers. Industry-specific guidance applies to businesses statewide. Review the guidance that is relevant to your workplace, make a plan, and put it into action. Post your completed checklist so everyone can know the steps you’ve taken. Feel free to add more safety measures to the ones listed.

EPA Guidance for Cleaning and Disinfecting Public Spaces, Workplaces, and Businesses

https://www.epa.gov/coronavirus/guidance-cleaning-and-disinfecting-public-spaces-workplaces-businesses-schools-and-homes
This jointly developed guidance from the Centers for Disease Control and Prevention (CDC) and the U.S. Environmental Protection Agency (EPA) is intended for all Americans, whether you own a business, run a school, or want to ensure the cleanliness and safety of your home. This plan is part of the larger United States Government plan and focuses on cleaning and disinfecting public spaces, workplaces, businesses, schools, and can also be applied to your home.

Cal/OSHA Interim General Guidelines on Protecting Workers from COVID-19

https://www.dir.ca.gov/dosh/coronavirus
These Guidelines Are Subject to Change as the Situation Evolves. Cal/OSHA's regulations require protection for workers exposed to airborne infectious diseases such as the 2019 novel coronavirus disease (COVID-19). This interim guidance does not impose new legal obligations. It provides employers and workers with information for preventing exposure to the coronavirus (SARS-CoV-2), the virus that causes COVID-19. Employers and employees should review their own health and safety procedures as well as the recommendations and standards detailed below to ensure workers are protected.

Financial Assistance Programs

United States : Paycheck Protection Program (PPP) Loan Forgiveness Guide

Under the Paycheck Protection Program (PPP), loans may be forgiven if borrowers use the funds to maintain their payrolls and pay other specified expenses. Download this step-by-step guide to calculate your loan forgiveness amount, navigate record-keeping requirements, and determine repayment terms on amounts not forgiven. Click Here to Download the PPP Forgiveness Guide from the U.S. Chamber of Commerce.

United States : CARES Act

Paycheck Protection Program (PPP) : Updated December 22, 2020. A new package has been reached and awaits Presidential signature. Application timelines have not been released by the SBA.

Economic Injury Disaster Loan and Advance : SBA began accepting new Economic Injury Disaster Loan (EIDL) and EIDL Advance applications on a limited basis. To learn more about eligibility and apply, click here.

San Francisco SBA District Office | (415) 744-6820 | [email protected] | More Loan Info

California : Sales Tax Payment Plan

https://www.cdtfa.ca.gov/news/20-07.htm
Small Businesses May Defer Up to $50,000 of Sales and Use Tax Liability for 12 Months. Governor Newsom announced on April 3rd a new relief effort that gives all businesses with less than $5 million in annual taxable sales the ability to defer payment on up to $50,000 in sales and use tax liability without incurring any penalties or interest. Today's action builds on Executive Order N-40-20, issued by Governor Newsom on March 30, 2020, which provided all small business taxpayers an additional 90 days to file and pay taxes administered by the California Department of Tax and Fee Administration (CDTFA). Under the program released today, qualifying businesses can enter into payment plans to distribute up to $50,000 of sales tax liability over a 12-month period, interest-free. For taxpayers choosing to defer their 1st quarter 2020 liability, for example, up to $50,000 of the obligation would now be paid in twelve equal monthly installments, with the first payment not due until July 31, 2020.

FEMA : Disaster Assistance

http://www.disasterassistance.gov
Businesses can begin to apply for FEMA Disaster Assistance while we await a disaster declaration to release these funds.

Restaurant Workers’ Community Foundation : COVID19 Crisis Relief Fund

https://www.restaurantworkerscf.org/
RWCF has established a Restaurant Workers COVID19 Crisis Relief Fund to: Immediately direct money to organizations leading on-the-ground efforts in the restaurant community; To bolster our impact investing budget to provide zero-interest loans to businesses to maintain payroll during closure or re-open once this crisis has passed; and To establish a relief fund for individual workers facing economic hardships or health crises as a direct result of COVID-19.

San Mateo County : San Mateo Strong Fund

https://www.smcstrong.org
The fund has done multiple rounds of funding funding for small businesses and nonprofits. They are currently fundraising for additional rounds and will continue as long as funds become available. They have applications queued up to receive funding as it becomes available.

San Mateo Credit Union : Work Reduction Loan for Employees

https://www.smcu.org/Loans/Consumer-Loans/Personal-Loans/wrloan | (650) 363-1725
help with a low-rate fixed term loan to get you through this difficult and uncertain time. If you are facing some unpredictable challenges, our Work Reduction loan can provide you with some much-needed cash.

Small Business Finance Center (SBFC) : CA Small Business Loan Guarantee Program & Disaster Relief Loan Guarantee Program

https://www.ibank.ca.gov/small-business-finance-center/
The Small Business Finance Center (SBFC) partners with Financial Development Corporations to provide loan guarantees and direct loans for small businesses that experience capital access barriers.

Facebook : Small Business Grants Program

Closed.

James Beard Foundation : Food and Beverage Industry Relief Fund

Closed.

Salesforce : Care for Small Business Grant

Closed.

U.S. Chamber of Commerce Foundation : Save Small business Fund : $5,000 grants

Closed.

UNITED STATES : Federal Reserve Bank of Boston Main Street Lending Program

Closed.