Updated 3/31/2020, 11:19 am
Last week, Congress passed and the President signed a $2.2 trillion dollar stimulus bill. For a broad overview see, for example, this article. As part of the package, there is $349 billion set aside for FORGIVABLE small business loans to help firms preserve their payroll and business operations during the spring. These loans are to be administered through traditional SBA approved lenders, hopefully by passing some of the challenges experienced under the SBA-direct emergency loan program.
Modern Times Beer, which has a location in Encinitas, put out a fantastic financial planning guide and resilience strategy. We believe any small business in any industry would find the ideas extremely valuable in respect to how to maximize cash, minimize expenses, and how to develop a plan of attack. You can find their thoughts here.
- For a list of SBA-approved lenders with contact information, click here.
- For one on one free business counseling services (local), click here.
- For information on the CARES act economic relief plan (federal), click here.
Latest Update from North Park Main Street
Update from the Governor of California
Resources from the Governor’s Office of Business and Economic Development
Update from City of San Diego
Mayor Faulconer Outlines Economic Relief Package for San Diego Businesses Affected by COVID-19
Resources from the County
Order of the Health Officer and Emergency Regulations: Amended 3/19/20
How to help with loss of hours or work for your employees
California Employment Development Department Update
Disaster Relief – Small Business Loans and Finance
SBA Disaster Loan Assistance
Department of Labor
COVID-19 Resources for Employers and Workers
North Park Business owners
Join the North Park Main Street Business Owners Facebook Group
List of current open restaurants & businesses
Click here for a list of restaurants providing takeout and delivery service
What is Social Distancing
Best practices from John Hopkin’s Medicine