The U.S. Small Business Administration is offering designated states and territories low-interest federal disaster loans for working capital to small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19). Upon a request received from a state’s or territory’s Governor, SBA will issue under its own authority, as provided by the Coronavirus Preparedness and Response Supplemental Appropriations Act that was recently signed by the President, an Economic Injury Disaster Loan declaration. Once a declaration is made for designated areas within a state, the information on the application process for Economic Injury Disaster Loan assistance will be made available to all affected communities as well as updated on their website:http://SBA.gov/disaster.
Employers experiencing a hardship as a result of COVID-19 may request up to a 60-day extension of time from the EDD to file their state payroll reports and/or deposit state payroll taxes without penalty or interest. A written request for extension must be received within 60 days from the original delinquent date of the payment or return. For questions, employers may call the EDD Taxpayer Assistance Center. Toll-free from the U.S. or Canada: 1-888-745-3886
GO-Biz main COVID-19 resource webpage with links to the IBank, Small Business Advocate, State Treasurer, Labor and Workforce Agenct, Franchise Tax Board, and Department of Tax and Fee Management: https://business.ca.gov/coronavirus-2019/
The federal Center for Disease Control and Prevention provides guidance for businesses and employers here.
The federal Small Business Administration is opening its Economic Injury Disaster Loan Program, among other resources. More information is available about loans, contracting opportunities, and other resources available here.
Labor and Workforce Development Agency’s primary website for COVID-19, including information on support services for workers and interim guidelines for protecting workers: https://www.labor.ca.gov/coronavirus2019/
Governor has waived the one-week waiting period for unemployment. Workers can receive unemployment the first week of missed work: Governor’s Executive Order