Grant, Loan and Technical Assistance opportunities for Small Businesses and Non-profits
The State of CA just announced four new rounds of the California Small Business COVID-19 Relief Grant Program.
In February, Governor Newsom signed into law a comprehensive package providing urgent relief for the small businesses of CA. The package provides an additional $2 billion – a four-fold increase over the $500 million currently being distributed – for grants up to $25,000 for small businesses impacted by the pandemic.
The SBA has reopened PPP, and the SBDC can help you if you’re a first-time borrower or applying for a second loan due to COVID-19 – whether a small business, nonprofit, or sole proprietor. Those who file a tax Schedule C, including if you’re self-employed or an independent contractor, are advised to take advantage of the beneficial new rules. Apply by March 31.
The City of San Diego CARES Act Revolving Loan Program is now accepting applications for City of San Diego or City of Chula Vista businesses impacted by the COVID-19 pandemic. The loans, which range from $25,000-$95,000, are intended to help entrepreneurs adapt their business models to operating under pandemic restrictions, to promote economic resiliency, and to support the retention or creation of jobs.
Need a small business loan?
Getting a small business loan can be scary – and confusing. And often banks will say no to small businesses. Because CDC Small Business Finance is not a bank, they have flexibility to meet your needs and make getting a loan for your business easier. As a nonprofit organization they focus on helping you get the financing you need to get your business ahead. Check out their website for other helpful information and technical assistance regarding grants and PPP.