During this extraordinary time, AnewAmerica is committed to working with our team, clients, small businesses, partners and supporters to work through the current situation and help our entrepreneurs and small business owners to mitigate the impacts of the COVID 19 virus (Coronavirus). We will be using remote tools during this time to work with clients. We thank you in advance for your cooperation and understanding as we all transition to keep productive in new ways. We will share as many resources as possible via our site and staff. Below you will find more specific information. In general, for our small business clients and clients at -large, we hope you keep in mind the following:
- Keep calm as best you can and make decisions based on facts.
- Follow the guidelines and orders of the Federal, State, County and Municipal governments during this time.
- Be aware of potential scams related to the current situation. Unfortunately, during times like these you have individuals that will try to take advantage. Please use caution.
- Get your information from trusted and verifiable sources.
- Check your business insurance policies to see if business disruption is included and if so, what does it cover.
There are a great number of resources coming together to assist small businesses during this time.
We will get through this together!
-AnewAmerica Community Corporation
Effective March 20, 2020 at 12:01 a.m. the Governor of California Declared a Shelter at Home Order for the entire State of California until further notice. For more details and resources go to https://covid19.ca.gov/
Information and Resources
(Please review the entire page for information that may be important to you)
- The center is physically closed due to the Legal Order to Shelter at Home by the County of Santa Clara. However, the team is working with clients remotely. Please note work arounds are in place to facilitate the acceptance and completion of normal forms related to counseling requests. For more information, (Click Here)
- The center is physically closed due to the Legal Order to Shelter at Home by the County of Alameda. However, the team is working with clients remotely. Please note work arounds are in place to facilitate the acceptance and completion of normal forms related to counseling requests. For more information, (Click Here)
U.S. Small Business Administration (SBA) Disaster Loans
Economic Injury Disaster Loans and Cash Advances
The U.S. Small Business Administration is now accepting applications for low-interest federal disaster loans for working capital (Economic Injury Disaster Loans) for small businesses and private, non-profit organizations in all U.S. States, Washington, D.C. and U.S. territories to help alleviate economic injury caused by the Coronavirus (COVID-19). This includes the ability to apply for a cash advance for up to $10,000. If approved, the Loan Advance portion is designed to get money to businesses in an expedited manner while the loan application is being reviewed. Currently, the loan application is designed to be done online. To apply, click here.
There is a video produced by the California Network of Women's Business Centers that gives an overview of the current application and process. You can click here to view the video. For additional assistance, you can contact one of our Women's Business Centers listed above or an SBA Resource Partner in your area.
Some suggestions in completing the application:
-Make sure to check the box that indicates you would like to also apply for the Loan Advance
- Have your banking information, account number, routing number etc. available when you do the application
- Once submitted, make sure you note and keep the submission number for your application
Economic Injury Disaster Loans are working capital (rather than loans for physical damage) to help small businesses and most private, non-profit organizations of all sizes meet their ordinary and necessary financial obligations that cannot be met as a direct result of the disaster. These loans are intended to assist through the disaster recovery period.
Paycheck Protection Program
The Paycheck Protection Program is designed to help small businesses keep as many of their employees employed during the crisis. The program is to help cover payroll expenses and certain other items such as lease and rent payments, utilities and mortgage interest for an 8-week period. There is a provision that the loan can be forgiven if certain retention requirements are meet. The term is 2 yrs. and the rate is 1%. The applications will be accepted by only participating financial institutions. Applicants will need to apply directly with a participating financial institution and provided the required documentation along with the application. Some participating institutions may start accepting applications on April 3, 2020 for small businesses and sole proprietorships. For Independent Contractors and Self-Employed individuals, the start date is currently targeted for April 10, 2020. Please click here to get the exact details of the program as stated by the U.S. Department of Treasury. Since the program is new and the list of participating financial institutions can grow over time, for now, here are some suggestions:
-Contact your current financial institution to see if they are participating in the program.
-If not, ask if they know of an SBA 7(a) Lender in the area and contact them.
-Once a participating lender is identified, contact them to verify their process and requirements for the application. Please note: It may be prudent to contact the identified lender via phone or online since many locations may be in areas under an order to stay in place; thererfore, institutions may have modified their hours and access to their physical locations.
-Follow the instructions provided by the Lender and compile and submit all documents that they require.
-Have documentation of your payroll costs for the period listed in the Borrower’s Information Sheet and as requested by the participating lender for the applicable periods.
-Know that regardless of the participating lender you go to, the terms of the loan will be the same. (i.e. loan term and interest rate)
For additional information, click here.
Federal and State Tax Filing and Payment Deadlines Extended unitl July 15, 2020
The deadline for filing both Federal and State taxes has been extended to July 15, 2020. For Federal taxes, please click here to get more information from the Internal Revenue Service. For California State taxes information, please click here for information from the Franchise Tax Board.
PLEASE NOTE: If you will received a refund, it is highly recommended that you file your taxes as soon as possible. Processing of refunds are taking place at both the Federal and State levels.
Other Potential Resources for Loans or Grants
City of Oakland - Oakland Small Business Emergency Grant Program
California Bank’s Small Business Finance Center
California Treasurer’s CalCAP
Verizon Small Business Recovery Fund
Grants up to $10,000 for eligible small businesses. Application due by 04/04/20 11:59 p.m. ET. For information and to apply click here.
Resource List from City of San Jose (information in English,Spanish and Vietnamese)
Potential Technology Resources Available for Small Businesses
A resource guide has been compiled for potential technology resources for small businesses during this time. Please note that any reference to a specific product, process or service or to the use of any vendor is for the information and convenience of the small business community and does not constitute or imply an endorsement by the California Department of Technology (CDT), GO-Biz, the State of California or AnewAmerica.
Are You a Non-Essential Business as it Relates to the Shelter at Home Order?
The 7 county Bay Area came together on 03/16 to announce a legal order to shelter at home effective 12:01 a.m. 03/17/20. This has now been extended until May 3, 2020. This order includes all non-essential businesses. Currently, to verify if your business is considered non-essential, it is best to review the Legal Order for your County.
Santa Clara County
Contra Costa County
San Mateo County
Santa Cruz County
San Francisco County
Upcoming and On Demand Webinars for Small Businesses
April 2, 2020, 3:00 p.m. - 4:30 p.m.
Join this interactive webinar session that is part of the City of San José’s online Speaker Series to learn about available resources for small businesses, especially those who have been impacted by the COVID-19 pandemic. The webinar will include speakers from the U.S. Small Business Administration's (SBA) San Francisco District office and the Silicon Valley Small Business Development Center (SBDC). To register, please click here and for more information click here.
On Demand Webinars
Statewide Updates for California Small Businesses Impacted by COVID-19 (On Demand Webinar)
Small Business Majority, Go-Biz, Employment Development Department (EDD) and Small Business Development Centers (SBDC) cover policy updates related to COVID-19. You can learn about what the State of California and Governor Newsom are implementing to ensure public safety.
Even though this is on-demand, you will still need to register at: https://app.livestorm.co/small-business-majority/statewide-updates-for-small-businesses-impacted-by-covid-19
Funding Updates for Small Businesses Impacted by COVID19 (Coronavirus)
Small Business Majority, LA Chamber of Commerce, Opportunity Fund, Lendistry, iFundWomen, and the Small Business Development Center present an interactive presentation on the current small business funding landscape and funding options to help entrepreneurs and small business owners in California.
Even though this is on-demand, you will still need to register at: https://app.livestorm.co/small-business-majority/funding-updates-for-california-small-businesses-impacted-by-covid-19
Other Important Sites
- The latest information on business assistance for resilience can be found at the Governor’s Office of Business and Economic Development website (Click here).
- Small business employers can access support for their businesses and their employees with these helpful resources.
- City of San Jose - Important Information from the Office of Economic Development (Click Here)
- City of Oakland - Information for Businesses and Workers
Please check back often as this page will be update as information warrants.