Financial Aid and Recovery Resources
Financial Aid and Recovery Resources
If you are a business in need of financial aid due to the continuing public health emergency over COVID-19, there are local, county, state and federal funds available to eligible applicants. While the list below is not exhaustive, we hope it provides you with information and guidance that will assist in sustaining your business during these challenging times. We will continue to add to these listings as more programs and information come available.
General Guidance and Information
Emergency Loan Guide and Checklist (US Chamber of Commerce)
Navigation Assistance for COVID-19 Hotline: 408-809-2124
(from The County Office of Labor Standards Enforcement (OLSE) and the Fair Workplace Collaborative)
Attorney Advice Line: 1-866-870-7725
(From the County Office of Labor Standards Enforcement. Advice available in English, Español, or Tiếng Việt, 中文, Tagalog, and Visayan.)
Specific Programs and Applications
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
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
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
Silicon Valley Community Foundation has established funds to support small businesses with employees at risk for lost wagesSanta Clara City: Small Business Assistance Grant Program - For small businesses that also operate in the city of Santa Clara.LISC Small Business Relief Grants - small business relief grants in the amounts of $5,000, $7,500, and $10,000. Please read the Grant Overview and FAQ for more infomation. Applications must be submitted by Tuesday, April 28. Click here for the application.Hello Alice COVID-19 Business for All Emergency Grant - $10,000 emergency grants, being distributed immediately to small business owners impacted by the pandemic. Click here to sign up.
- 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.
Be a Participating Business!
Are you a downtown business that would like to participate? Click the form below for further details!