NEW FUNDING COMING
Yes, it is hard to keep up with the continual changes with funding opportunities. I hope each of you are doing as well as can be expected and if there is anything the Chamber can do, let me know at juli@sausalito.org.

As the new funding becomes available my suggestion is if you have not heard from SBA (EIDL) loan or your bank for the PPP apply again! I know it seems crazy but if you filed your SBA (EIDL) loan after 4/3 from everything I have read it suggests you re-apply.

At this point, better to be safe than sorry. I do know businesses that have applied to several different banks for their PPP and were able to get one approved.

TIME FOR YOUR THOUGHTS - We are working on a survey that will be going out this week. The survey will assist us in planning the next several months. Be sure to take part in the survey, so both the City and Chamber know how we can help and your thoughts and ideas for Sausalito going forward.

Please be forthright in your answers so we can all work together to come out of this as strong as we can.

Included in this newsletter are some grants and programs available other than SBA & PPP for you to consider.

STAY SAFE
Juli Vieira
CEO

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PPP: $320Billion
·      $260B open to businesses
·      $60B for specific lenders
·      $30B Community based lenders, small banks & credit unions
·      $30B for mid-sized banks and credit unions
 
EIDL: $60Billion
·      $50B - loan reserves
·      $10B - advance reserves
 
 
The SBA portal is not open yet but it's time to get ready.
 
What is important is to get all your information ready now to be able to apply when it goes live. If you need assistance and are not already in the Small Business Development Center system, then sign up here: https://nc.ecenterdirect.com/signup
 
If you are already connected with a SBDC Advisor, please reach out that person, today for their guidance.
 
Some banks and online lenders are still accepting PPP applications to get them ready for the new funding opportunity. Some businesses have had successes with Lendistry and Funding Circle .

Other banks who are taking applications from non-members are Redwood Credit Union and Live Oak Bank (as of Friday 4.24)
 
 
SALESFORCE GRANTS OPEN APRIL 27TH for CA ONLY HAVE A WEEK TO APPLY
Just announced - Salesforce Small Business Grants are open for CA from April 27th 8:00am - May 4th 11:59 pm
 
Criteria for Eligibility
·      Be a for-profit company
·      Have between 2 to 50 employees
·      Have been in business for 2 full years as of March 2020
·      Have an annual revenue between $250k and $2M
·      Have experienced challenges from COVID-19
·      Meet all other eligibility requirements as stated in the Grant Program Terms linked here .
 
Full Grant Program Privacy Policy can be found here .
 
Application will be live soon - check here:

APPLICATION FOR FACEBOOK GRANT
FACEBOOK GRANT - $100 Million grant program - Specifically, $15 million is marked for Bay Area (including Marin) and these are the criteria:
·      Have between 2 and 50 employees
·      Have been in business for over a year
·      Have experienced challenges from COVID-19
·      Be in or near a location where Facebook operates
 
APPLY HERE - CLOSES MAY 8th 11:59 PM
CA FUNDING THROUGH IBANK
You only can apply for this funding if you have been disqualified for EIDL or PPP. This does not mean you have to be rejected from EIDL or PPP. It means you have to prove you do not qualify for EIDL and PPP.
 
TWO PROGRAMS:
1. Micro loans up to $50,000
2. Loans up to $1,000,000 - Processed through Financial Development Corps
 
CLICK HERE for more information about these programs.
 
 
We have team members that are connected to these programs and can assist you. If you are not already a client, please sign up here:
 
If you are a client, then contact your current SBDC Advisor.
 
 We also have emails to help answer all your loan and funding questions:
loans@asksbdc.com (english)

MARIN SBDC FREE WEBINARS TO
HELP YOUR BUSINESS
 
Topic #2: DISASTER LOAN SUPPORT WEBINAR
Understand what you need to submit, the differences between the programs,
the latest updates and be able to ask questions
April 29th | 12 - 1 PM | FREE
GOOGLE FUND
AND
CA SALES TAX DEFERRAL
CA SALES TAX DEFERRAL - CA is allowing small businesses to defer payment of sales and use taxes of up to $50,000 for up to 12 months More Information Here
 
GOOGLE SMALL BUSINESS FUND - in partnership with CDFIs

Questions, Comments, Feedback?
We'd love to hear from you!
Sausalito Chamber of Commerce - (415) 331-7262 -  www.sausalito.org