COVID-19 Coronavirus update as of April 3, 2020 - SBA loan information, other resources and more

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Here is the most up-to-date information I have related to the Coronavirus and programs that could potentially help your business.

 

Information and applications are available for the CARES Act SBA loans (that may be forgivable if used for rent, health insurance or payroll expenses).


PLEASE CONTACT YOUR BANK OR EXISTING FINANCIAL INSTITUTION TO FIND OUT IF THEY ARE PROCESSING LOAN APPLICATIONS.

You can download the application form here: https://www.sba.gov/document/sba-form--paycheck-protection-program-borrower-application-form

You can download an information sheet from the US Treasury Department here: http://www.pasadena-chamber.org/sites/default/files/media/PPP_Borrower_Information_Fact_Sheet.pdf

While a $350 billion pot of potential funds seems like a lot, there are 30 million small businesses in the US. Talk with your financial

Kemo Sabe.png

Funny Lone ranger image
Thanks Ross for the image.
institution and get your application in as soon as possible.

There are other resources available, as well:

1. Facebook recently instituted a small business loan/grant program. You can find information here: https://www.facebook.com/business/boost/grants

2. California iBank has a small business loan assistance program: https://www.ibank.ca.gov/small-business-finance-center/

3. Google has some programs to support small businesses: https://blog.google/inside-google/company-announcements/commitment-support-small-businesses-and-crisis-response-covid-19

4. Verizon has a grant program that must be applied for by tomorrow, April 4, 2020: https://www.lisc.org/covid-19/verizon-small-business-recovery-fund/

There may be more resources available. Check with your local Small Business Development Center for more information.

5. Displaced worker assistance: The Workforce Development Board is available to assist with employee displacement assistance. They can provide technical assistance as well as suport for displaced workers. The Foothill Workforce Development Board will be hosting a Zoom meeting on Monday April 6, 2020 at 1 P.M. to share information and services with workers and employers who are effected by COVID-19.
Information will include: Filing for Unemployment Insurance, Health Insurance, Financial Services, Job Services, and more.  You will have a chance to ask  questions and have on the spot answers. Please follow instructions below to participate.
FWDB Zoom is inviting you to a scheduled Zoom meeting.
Join Zoom Meeting https://zoom.us/j/6967524809 Meeting ID: 696 752 4809. You can call in to: 669 900 6833 and use the code  696 752 4809# to access by phone. 

For Non-profits, there are webinars next week (beginning 4-6-2020) to assist those companies with application for CARE Act funds. You can find the information here:


GENERAL INFORMATION:



So far, Pasadena has reported (as of 4-3-2020) 58 cases of Coronavirus with two fatalities reported Friday. Both fatalities had underlying health conditions. One of the fatalities was in their late 40s and one was lederly. LA County has reported more than 4500 cases with 89 deaths. In California there have been 11,317 cases with 250 deaths. 

TESTING: 

LA County is ramping up COVID-19 testing sites, opening three additional locations on April 3, 2020 and developing many others countywide. The sites opening April 3 are at the Pomona Fairplex (Gate 17 - W. McKinley/Fairplex Drive), the South Bay Galleria (1815 Hawthorne Blvd., Redondo Beach, CA 90278), and the Antelope Valley Mall (1233 Rancho Vista Blvd., Palmdale, CA 91768). The testing is by appointment only. Walk-up appointments are not available. At this time, testing is limited in Los Angeles. We are working to expand testing as quickly as possible to provide this service to all Angelenos who need it. For the moment, these tests are strictly limited to residents of Los Angeles County who are in the most high-risk categories and most vulnerable. Individuals eligible for testing at this time include:

  • Those with symptoms who are 65 and older
  • Those with symptoms who have underlying chronic health conditions
  • Those who are subject to a mandatory 14-day quarantine period due to a confirmed COVID-19 exposure (with more than 7 days of quarantine remaining)

For people who prefer not to visit a drive-through test center, there are a limited number of tests available at a walk-in clinic. Select the Carbon Health-Echo Park location on the appointment registration website.
For more questions about testing, please visit our FAQ for answers to frequently asked questions.

Please check previous email blasts for other information on resources, things to do and important (and sometimes trivial and fun) information.