North Coast Small Business Pandemic Update
News
SBA Economic Injury Disaster Loan (EIDL) program breaking news.

  • SBA EIDL program is still accepting applications for all businesses as well as 501c(3)(4)(6) nonprofits.
  • SBA EIDL advance (forgivable $1,000 per employee) portion of this program is now closed.

Watch recording and download powerpoint from this morning's Ask SBDC COVID lending webinar for more details.
The Paycheck Protection Program taking new applications through August 8.

The new Prioritized Paycheck Protection Program Act (P4) extended the window for business owners to apply for PPP loans to August 8, 2020.

Not all lenders will choose to participate. Please visit the SBA's PPP Lender Search Tool or contact your SBDC if you need help finding a lender accepting P4 applications.

North Coast area lenders accepting new PPP applications include:
  • AEDC (case by case basis)
  • Coast Central Credit Union (from members only)
  • Redwood Capital Bank (case by case basis)
  • Umpqua Bank
  • US Bank
  • Wells Fargo (decision pending)
PPP Forgiveness

PPP lenders are not yet processing forgiveness applications because the SBA instructions have not been released. But do keep careful track of payroll and PPP related expenses so you're ready when the time comes.Talk to your business advisor about how to do that.

Here's a useful free Paycheck Protection Program Loan Forgiveness Calculator from the AICPA (American Institute of Certified Public Accountants).
Reminder: Extended Federal Tax Deadline THIS Wednesday, July 15th.
Reminder! File your 2019 taxes or request a filing extension by Wednesday July 15th. More.
SBA Loans to START or GROW.

Reminder! If you think you want a non-COVID SBA-backed small business or commercial real estate loan now is the time.

SBA will automatically pay the principal, interest, and fees of new 7(a), 504 and microloans funded prior to September 27th.

Approved SBA 7(a) lenders in the North Coast include Redwood Capital Bank, AEDC Small Business Lending Center, US Bank, Wells Fargo Bank, Chase Bank, Bank of America.

Or visit SBA Lender Match to be paired up with any eligible SBA lender that meets your needs.
SPECIAL OFFERING
How to Grow Online Sales in International Markets (7/15)


THIS IS YOUR CHANCE TO FIND OUT HOW TO GROW SALES BY EXPORTING YOUR PRODUCT OR SERVICE ONLINE.

A very special Thriving Together w ebinar for businesses that want to start or grow their customer base by exporting online. Special grant opportunity will be announced!
Partner Events
FREE Awareness, De-escalation and Assertiveness Training for your customer service team (7/18, 7/23, 8/1)

Starting in July, College of the Redwoods Workforce & Community Education is offering five FREE Awareness, De-escalation, and Assertiveness classes by industry.

Retail: Sat, July 18, 8:30 - 11am
Hospitality: Sat, July 18, 2 - 4:30pm
Grocery: Thurs, July 23, 8:30 - 11am
Child Care: Sat, Aug 1, 8:30 - 11am
City/County Frontline Workers: Thurs, July 23, 2 - 4:30pm

Register at redwoods.edu/communityed/Online   o r call (707) 476-4500.
Are You Ready for Amazon? (7/16 & 7/30)

Getting your products on Amazon can be easy. Selling them on the global digital marketplace means being prepared and aligned. Learn more from Northern California SBDC's regional Amazon expert Bobby Chang. Part 1: evaluate your readiness. Part 2: get launched.
Social Media Selling (7/23)

PART 2: to be announced
Review the pros and cons of Facebook, Instagram, Twitter, Shopify and more with Northern California SBDC's regional expert Bobby Chang.
Reminders
Humboldt: Get your order in by COB Tuesday for Eureka's Virtual Friday Night Market!

EurekaFridayNightMarket.com is an online one-stop-shop for local products and services.

Makers, retailers, artists, restaurants: submit your product, package, art in this google form

Customers order your products from Saturday to Tuesday and pick up their package of Friday Night Market goodies and CSA farm boxes from the Visitor Center. If they have found your take-out menu on the site they will have pre-ordered dinner to pick up from you on the way home.

Questions? Contact Alanna Powell: alanna@humboldtmade.com  or 707-499-0379.
AskSBDC Webinars (M, W, F)

Northern California SBDC's regional Finance Center brings small business owners the latest updates and guidelines every week.


Ask an Attorney (Thursdays)

Thursdays at 4 pm (password: )
Ask pro-bono lawyers free questions via Zoom

Restaurant owners--consider asking about:
  • pros / cons of "hold harmless" agreements
  • the governor's new executive order specifying that employees required to come to a workplace who are diagnosed with COVID-19 will be presumed to have gotten it at work and can claim workers' comp
  • and more.

At 4 pm click this link and enter the password: CASE
North Coast Small Business Development Center
Humboldt: (707) 445-9720 | Del Norte: (707) 464-2168
North Coast SBDC Learning Programs also generously funded by: