The Coronavirus Aid, Relief, and Economic Security (CARES) Act: a $2T national relief act consisting of several parts to which you can apply separately.
Legislative Analysis of the CARES Act (US Chamber of Commerce)
A comprehensive summary of the CARES Act (Office of Rep. Anna Eshoo)
CARES Act Relief Programs
Additional funding has just been approved as of April 24, 2020
Paycheck Protection Program (PPP) - Capital to cover the cost of retaining employees
For BORROWERS, link to PPP Application Form
For LENDERS, more information on PPP
For RESTAURANTS, more information on PPP and the CARES Act
Economic Injury Disaster Loans - a quick infusion of up to $10K to help overcome the temporary loss of revenue. Click here for application form.
SBA Debt Relief Program - payment of the principal, interest, and fees on existing and potential SBA loans
CARES Act Economic Impact Payments – Eligible low income taxpayers will automatically receive up to $1,200 for individuals or $2,400 for married couples
Employee Retention Credit - refundable tax credit is 50% of up to $10,000 in wages paid by an eligible employer whose business has been financially impacted by COVID-19.
State and Local Programs
California Disaster Relief Loan Guarantee Program (IBank)
Economic Injury Disaster Loans - California Fact Sheet (SBA)
California Small Business Relief Payment Plans - 12-month, interest-free, payment plan for up to $50,000 of sales and use tax liability.
California Capital Access Program for Small Business (CalCAP) encourages lenders to make loans to small businesses that have difficulty obtaining financing. Click here for CalCAP Loan Application Form. Note: Borrowers will need to contact a Participating Lending Institution to start the CalCAP loan enrollment process
California Small Business Relief Payment Plans - Payment plan requests can be made through an online portal coming soon.
City of Mountain View has approved an additional $1.134 million for the City’s COVID-19 Rent Relief Program. Application instructions will be forthcoming; please check mountainview.gov for updates.
#Together MV - The City of Mountain View has set up a donation portal to raise funds for small businesses and rental relief
- To donate on the portal, click here
- Business owners who want to apply for funds can send email to get on an interest list. Interest list members will be notified when the application process is opened, and what they will need to apply.
Facebook Grants. The Bay Area will be awarded $15 million in Facebook grants for small businesses. The application process is now open! Click here to learn more and to apply.
