Weekly Message | State Lifts Regional Stay at Home Order

Weekly Message ~ January 2021

THIS WEEK'S TOPICS

Business News

-State Lifts Stay at Home Order

-Credit Unions Accepting PPP Loans

-DT Business Alliance Meeting

Around Menlo Park

-LGBTQ+ Virtual Town Hall

-Garden Talk Series

Members at Work

-Valentine's Day with Bistro Vida

-Amici's January Deal

Business News

State Lifts Regional Stay at Home Order

Yesterday morning, California lifted the Regional Stay At Home Order across the state – a welcome move for local businesses allowed to expand some indoor and outdoor operations.

Effective immediately, outdoor dining and personal services may resume with required modifications in San Mateo County. The County is not imposing additional local restrictions and remains in alignment with the State.

With certain restrictions lifted, the county returns to Tier 1 (Purple) in the state’s four-tier, color-coded system for loosening and tightening restrictions. Tier 1 is the most restrictive as the COVID-19 virus is considered “widespread” in the community.

The state lifted the order as the Bay Area’s four-week intensive care unit (ICU) capacity projections are above 15 percent, the threshold that allows regions to exit the order.

Learn more

These Credit Unions Are Accepting Paycheck Protection Program (PPP) Loan Applications:

San Mateo Credit Union is committed to assisting small businesses in our community. Their application portal is open for new Paycheck Protection Program (PPP) loan applicants. Visit smcu.org/ppp for dedicated PPP loan information and to apply.

An application for a PPP loan with SMCU will require an SMCU membership prior to funding a PPP loan. The following are the eligibility requirements for a business membership:

Your business must be located or headquartered in San Mateo County, City of Palo Alto, or select San Francisco zip codes.
Your annual revenue should not exceed $10,000,000.
Your monthly business activities should not require large cash deposits.

PLEASE NOTE: The application and all communication is an online-only process. All communication regarding PPP loans will be distributed exclusively through an electronic channel.

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SRI Federal Credit Union is participating in the SBA’s Paycheck Protection Program and offering access to these funds, primarily to its existing business account members who hold a current business account and meet SBA eligibility requirements.

If you do not have an SRI Federal Credit Union business account, please be aware that you will need to open one with them. You can fill out a Business Account Application HERE. Once completed please send it to their Operations Manager - Amy Garcia. She will be glad to address any questions you may have and help guide you through the process. Once the account is open, a loan officer will be assigned to you for the PPP loan process.

Learn more

The Next Downtown Business Alliance Meeting is Tomorrow!

You are invited to attend the next Downtown Business Alliance meeting!

This meeting is open to ALL Menlo Park businesses. It will be held virtually on Wednesday, January 27 at 8 am.

If you would like to attend, please email us before the end of the day for the zoom link and meeting details!

Around Menlo Park

California Statewide LGBTQ+ Virtual Small Business Resource Town Hall

Please join California Insurance Commissioner Ricardo Lara and Insurance Diversity Task Force Chair Mark Morales for an LGBTQ+ Virtual Town Hall on insurance issues and available resources for small businesses during the COVID-19 pandemic emergency.

With many businesses experiencing tremendous economic loss, it is imperative for you to have up to date information on services and resources.

Wednesday, January 27 at 1:30 pm

Online Event: Register Online

Learn more