Here is a variety of National, State and Local resources and relief options that focus on assisting the small business community during this unprecedented crisis. Visit our Business Recovery & Reopening section to help you plan, prepare and fund your business' reopening.
On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief and Economic Security (CARES) Act, which contains $376 billion in relief for American workers and small businesses. The U.S. Small Business Administration (SBA) has developed the following temporary programs, in addition to traditional SBA funding programs, to assists in overcoming the challenges created by this health crisis.
The Main Street Lending Program is designed to help credit flow with medium and small sized businesses that were in good financial condition, but now need loans to help recover and adapt to the impacts of the COVID-19 pandemic. For more information or to apply, click here.
The Families First Coronavirus Response Act reimburses small to midsize employers through two refundable payroll tax credit programs designed to fully reimburse employers for the cost of providing COVID-19 leave to employees.
Treasury, IRS and Labor has launched the Employee Retention Credit that is designed to encourage businesses to keep employees on their payroll. The refundable tax credit is available for businesses financially impacted by COVID-19.
The Paycheck Protection Program (PPP) Loan Forgiveness applications are currently available for businesses that have met the eligibility guidelines. The Small Business Administration will forgive loans if all employee retention criteria are met, and the funds are used for eligible expenses. For more information about PPP loan forgiveness or to apply, click here.
The U.S. Small Business Administration is accepting new applications for COVID-19 Economic Injury Disaster Loans (EIDL). The EIDL program is designed to provide economic relief to businesses that are currently experiencing a temporary loss of revenue due to COVID-19. Small businesses including agricultural businesses and non-profit organizations are encouraged to apply.
For latest resources, guidance and insights to protect and assist American businesses, workers and families, visit the U.S. Chamber of Commerce. Join the webinars being offered to employers discussing their most pressing business problems, solutions and support.
Resources provided by the State of California
On May 6, Governor Newsom signed an executive order that waives penalties for property taxes paid after April 10 for taxpayers who demonstrate they have experienced financial hardship due to the COVID-19 pandemic through May 6, 2021. This will apply to residential properties and small businesses.
Visit CalChamber Advocacy as they continue to provide more information on Federal, State and Local resources.
The State of California’s Employment Development Department (EDD) offers the Unemployment Insurance Work Sharing Program as an alternative to layoffs should a business see reduction in production or services.
The California State Treasurer's office has monthly newsletters you can subscribe to as well as a resource page to keep you up to date with the latest COVID-19 information.
The Governor’s Office of Business and Economic Development (GO-Biz) lists resources with links to helpful information for employers and their employees as it relates to the COVID-19 pandemic. Grants, loans and other funding opportunities are also posted on the site.
The Small Business Finance Center has allocated funds to its Small Business Disaster Relief Loan Guarantee Program to help eliminate barriers to capital for individuals who do not qualify for federal funds, including low wealth and undocumented immigrant communities.
A summary of Benefits for Worker’s Impacted by COVID-19 is available from the Labor & Workforce Development Agency as well as resources for employers and workers. In addition, business owners experiencing hardship as a result of COVID-19 may request up to a 60-day extension from EDD to file their state payroll reports and/or deposit state payroll taxes without penalty or interest. For questions, employers may contact the EDD Taxpayer Assistance Center.
The State of California expanded its business support by providing temporary tax relief for eligible businesses impacted by COVID-19 restrictions. The credit is equal to $1,000 per qualified employee, up to $100,000 for each small business employer. The application is currently available now and can be accesses at the California Department of Tax and Fee Administration. A full list of existing state support for businesses can be found here.
In addition, the creation of a $500 million COVID Relief Grant administered by the California Office of the Small Business Advocate (CalOSBA) at the Governor’s Office of Business and Economic Development for small businesses that have been impacted by COVID and the health and safety restrictions. Grants of up to $25,000 will be awarded to underserved micro and small businesses throughout the state by early 2021. CalOSBA is establishing the program and will make it available to small businesses as soon as possible - for updates on availability visit here.
The State also allocated an additional $12.5 million to the California Rebuilding Fund. The fund makes available $25 million to help impacted small businesses rebuild from the economic crisis. To receive information on the California Rebuilding Fund for small businesses/borrowers when available, click here.
Inland Empire Small Business Development Center provides strategies and resources on how to keep your business operations compliant and healthy during this pandemic and provides video guidance on step-by-step assistance for completing various U.S. Small Business Administration forms. Free webinars are available that cover a number of topics and webinar series designed to help business owners adapt to the challenges of COVID-19
The San Bernardino County Economic Development Agency has highlighted current initiatives that are geared to assist all business industries and sectors. They also offer quick and easy-to-read fact sheets about incentives and resources available to businesses in the County of San Bernardino.
The Victor Valley Chamber of Commerce has proactively put together a list of webinars being offered by various agencies, including the joint partner webinar being held between the San Bernardino County Workforce Development Board and the California Employers Association. These webinars are FREE, below are dates and times of upcoming events.
During this health crisis, the City of Victorville’s Economic Development Department is your local connection to resources for financial relief, education, new business practices, and much more due to the COVID-19 pandemic! Contact us at (760) 955-5032, or Opportunities@victorvilleca.gov.
COVID-19 Utility Relief
Our utility partners have established temporary utility relief programs for our business community. Download the list to see relief programs offered by Southern California Edison, Southwest Gas, the Victorville Water District, Frontier Communications and Spectrum.
More helpful resources for Small Businesses