Dear Subscriber,
We invite you to check out our upcoming webinar this month and learn about different funding programs. This month we are bringing you a webinar that may assist you in starting your own business: Forms of Ownership with our guest speaker, Lucius Davis, Small Business Liaison in the Taxpayers’ Rights Advocate’s Office! See below for more information.
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Upcoming L.A. SBDC Network Webinars |
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Disaster Funding: New 2021 Stimulus, PPP, EIDL |
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The New Stimulus package has been announced and lending programs are updated. EIDL (Economic Injury Disaster Loan) and PPP and EIDL programs have changes that may impact your business.
This webinar will cover:
- New PPP: Requirements, changes to current PPP loans, and how to apply
- EIDL: Changes to request additional funds and how to be reconsidered if declined
- Other loans, grants, and funding sources available for small businesses
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DATE: April 7, 2021
TIME: 1:00 PM - 2:00 PM
COST: FREE
LOCATION: Online
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About this webinar:
Some are entrepreneurs or naturally entrepreneurial. This is an opportunity to explore the “entrepreneur in you”. The session will highlight entrepreneurship as an option to generate income and cash flow and how to bring your vision to life. Participants will also be introduced to resources to help you take the next step in starting or growing your business or transitioning from current activity into a formal business.
Featured Topics:
- Common Characteristics of an Entrepreneur
- Types of Entrepreneurs
- Entrepreneurship Economic Impact
- Find Out How Entrepreneurial You Are
- Determine How to Proceed with Your Business Idea
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DATE: April 8, 2021
TIME: 10:00 AM - 11:00 AM
COST: FREE
LOCATION: Online
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About this webinar:
Will you be forgiven? Now that you have received PPP funding, you may be wondering or confused about PPP loan forgiveness. This workshop provides you with a detailed understanding of how to apply for forgiveness. For those who have not yet applied, you will also learn the terms and conditions for PPP funding.
The topics include:
· PPP Purpose, overview, and terms
· The 60/40 Rule
· Definitions of Payroll Costs
· Definitions of Non-Payroll Costs
· Covered periods for funding expenses
· How to calculate Payroll Costs and FTE reductions
· What to do if Employees refuse to come back to work.
· How to complete the forgiveness calculation
· Documentation for forgiveness
· Tax issues related to forgiveness
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DATE: April 12, 2021
TIME: 10:00 AM - 11:00 AM
COST: FREE
LOCATION: Online
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WEBINAR How to Pivot Your Business Online During Covid 19 |
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About this webinar:
As the needs of your customers shift, so must your business strategy. Gain insights on how to use digital marketing to reinvent your business and grow your customer base without a massive investment.
You will learn how to use digital marketing to:
• Locate new markets
• Leverage business partnerships
• Communicate changes to operations
• Improve your sales funnel
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DATE: April 22, 2021
TIME: 1:00PM - 3:00 PM
COST: FREE
LOCATION: Online
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Watch and read our weekly content! |
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Be on the lookout for new videos and subscribe to our Youtube Channel. Watch these informative videos and follow step by step instructions to improve your organization this upcoming year. |
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Read our newest blogs to learn about how to market your small business, develop new strategies to promote your business, and hear about our client success stories! |
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Funding Programs and Resources |
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Shuttered Venue Operators Grant Program |
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The Shuttered Venue Operators Grant (SVOG) program was established by the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act, and amended by the American Rescue Plan Act. The program includes over $16 billion in grants to shuttered venues, to be administered by SBA’s Office of Disaster Assistance.
Eligible applicants may qualify for grants equal to 45% of their gross earned revenue, with the maximum amount available for a single grant award of $10 million. $2 billion is reserved for eligible applications with up to 50 full-time employees. Portal Opens on April 8th, 2021.
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The California Small Business COVID-19 Relief Grant Program (the “Program”) provides micro-grants ranging from $5,000 to $25,000 to eligible small businesses and nonprofits impacted by COVID-19 and the related health and safety restrictions.
Round 6:
Wednesday, April 28th at 9:00 AM through Tuesday, May 4th at 5:00 PM
Notifications will begin Friday, May 7th
Eligible applicants: current waitlisted small businesses and/or nonprofits not selected in Rounds 1, 2, 3, 4, or 5 and new applicants that meet eligibility criteria.
Eligible grant award: $5,000 to $25,000
Details: Applicants not selected to receive a grant in Rounds 1, 2, 3 & 5 do not need to re-apply and will be automatically moved into Round 6. New applicants will need to apply on this website.
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SBA - Targeted EIDL Advance |
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COVID-19 Targeted EIDL Advance was signed into law on December 27, 2020, as part of the Economic Aid to Hard-Hit Small Businesses, Non-Profits, and Venues Act. The Targeted EIDL Advance provides businesses located in low-income communities with additional funds to ensure small business continuity, adaptation, and resiliency.
Advance funds of up to $10,000 will be available to applicants located in low-income communities who previously received an EIDL Advance for less than $10,000, or those who applied but received no funds due to lack of available program funding.
Applicants do not need to take any action at this time.
SBA will reach out to those who qualify.
SBA will first reach out to EIDL applications that already received a partial EIDL Advance (between $1,000 - $9,000). Applicants will be contacted directly by SBA via email in the coming weeks with instructions to determine eligibility and submit documentation.
All communications from SBA will be sent from an official government email with an @sba.gov ending. Please do not send sensitive information via email to any address that does not end in @sba.gov.
Next, SBA will reach out to those who applied for EIDL assistance on or before December 27, 2020, but did not receive an EIDL Advance due to lack of program funding. These applicants will receive an email from SBA with instructions to determine eligibility and submit documentation.
Please do not submit duplicate COVID-19 EIDL applications.
Only prior applicants will be considered for the Targeted EIDL Advance. SBA will reach out to you if you qualify!
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Jewish Free Loan Association (JFLA) |
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Small Business loans up to $36,000 are available, with 2 guarantors.
Eligibility:
· Applicants must be permanent residents of Los Angeles or Ventura county.
· Applicants must have credit scores of 680 or better, demonstrate need, and have the ability to repay the loan.
· Two guarantors with good credit and steady income are required on each loan up to $36,000.
· Applicant must submit required documentation, by email, to JFLA prior to a virtual interview.
· Each applicant presents individual circumstances to be considered by Jewish Free Loan.
Please note that we do not offer Small Business loans to non-profit organizations.
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Glendora COVID-19 Business Recovery Program (CDBG) |
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The Chamber of Commerce, in conjunction with the City of Glendora are offering financial assistance to Glendora small businesses that are experiencing financial hardship due to the Coronavirus (COVID-19) pandemic.
The COVID-19 Business Recovery Program is a forgivable loan program created to assist small for-profit businesses facing economic hardship as a result of the COVID-19 stay-at-home orders. The program is intended to provide emergency financing to businesses that were unsuccessful in obtaining financing from other state and federal programs. Loans ranging from $5,000 to $15,000 will be allocated to eligible, qualified small businesses based on the availability of funds and review of the application and required documentation submitted.
The program is funded through the Community Development Block Grant Coronavirus Fund (CDBG-CV). Due to the federal funding source, the program requires that the funded activity provide a benefit to low- to moderate-income (LMI) persons. This requirement can be met through the job retention of an LMI individual.
No application fee or collateral are needed to apply. Applications will be reviewed as they are received, and loans will be processed as long as funds are available. The loan converts to a grant that does not need to be repaid after four quarters of compliance have been met.
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West Covina COVID-19 Small Business Loan Program |
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The City of West Covina is offering financial assistance to small businesses impacted by the COVID-19 pandemic with the West Covina (COVID-19) Small Business Loan Program. The loan program offers a one-time $10,000 interest-free loan to eligible West Covina small businesses to help them retain one (1) full time equivalent job and is forgiven after a one (1) year term of compliance. Loan funds may be used for overhead expenses, rent, utilities, business services such as web site development to increase capacity, and necessary equipment to continue business operations, among others. Provided that a business meets all of the conditions of the Program, the loan may be forgiven by the City at the end of the loan period. Businesses will be awarded on a first-come-first basis. If funds are exhausted, the remaining applicants will be placed on a waitlist until additional funding becomes available.
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San Dimas Small Business Assistance Grant Program |
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California Rebuilding Fund |
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The California Rebuilding Fund is a loan program to support California’s small businesses—especially those located in economically disadvantaged and historically under-banked areas of the state. Businesses who employed 50 or less full-time equivalent employees (FTEs) and had gross revenues of less than $2.5 million or below in 2019 are eligible to apply. Full eligibility requirements are included in the Business Requirements tab.
The loans are flexible, transparent and are designed to help businesses access the capital and advisory services they need to get through these challenging economic times.
To fill out a pre-application and match with a participating community lender, please click here.
Please note, this program is not associated with the federal Paycheck Protection Program (PPP) or any other SBA program. The loans are not forgivable in part or whole. The loans will need to be paid back over a 3- or 5-year term with a fixed annual interest rate that is currently 4.25%. Please see the Loan Terms tab for details.
Not all businesses will be matched with a participating community lender based on each lender’s initial criteria. If matched, you will be connected with a local community lender, which will be a certified Community Development Financial Institution (CDFI). The community lender will work with you on your full loan application. If approved, the loan will be made through that community lender and you will continue to work with them throughout the life of your loan.
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Free Refrigerators for L.A. County Stores |
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The Healthy Stores Refrigeration Program (HSRP) helps small businesses in Los Angeles’ food deserts replace existing, inefficient refrigerators with new efficient models to fill with California-grown healthy food. We’ll help you find the right new fridge, walk you through the recycling process if you are replacing an old unit, install your refrigerator, and identify healthy food options, all at no cost. Program representatives will also provide free education and training on successfully sourcing, marketing, and selling healthy foods. If you own either an independent grocery or a corner store, you may be eligible. Contact us to learn more and claim your free upgraded fridge!
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Grant Search Tool and Data Portal |
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Grants.ca.gov is managed and hosted by the California State Library. State grantmaking agencies input and update their information into prescribed data fields to make all state grant opportunities searchable on grants.ca.gov. The Grant Information Act requires state agencies to provide summaries of each of their grant or loan opportunities, including, among other items, information about how to apply and links that grantseekers can follow for more details.
The Government Operations Agency sponsors data.ca.gov, a statewide open data portal created to improve collaboration, expand transparency and lead to innovation and increased effectiveness. The Agency’s open data efforts, which support data analysis and using existing data to improve state operations, align with the Eureka Institute’s Lean process improvement program and its pilot work in data-driven performance improvement.
Open data is public data collected by the state through its routine business activities and published in a format that is easy to search, easy to download and easy to combine with other data sets from other sources; it does not include private or confidential data about individuals.
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PPE Unite - Free PPE Resource |
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The Los Angeles SBDC has launched a new PPE giveaway program called PPE Unite™ that will provide free Personal Protective Equipment to LA small businesses.
Businesses with fewer than 50 employees can apply to receive a one-month supply of face masks, hand sanitizer, and face shields through the PPE Unite™ distribution program.
These supplies are offered on a first come, first served basis, so don't delay - sign up today!
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The LA SBDC is here for you and your small business, partnering with you every step of the way as we work towards safely reopening our local economy. |
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PPE Unite™ is a unique partnership between State, local and private entities created to distribute PPE to the LA small business community. For more information, contact the Los Angeles County Disaster Help Center at 833.238.4450 or disasterhelpcenter@lacounty.gov.
This PPE has been made available to California small businesses through the California Governor’s Office of Emergency Services (CalOES) in collaboration with the Office of the Small Business Advocate (CalOSBA).
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California Restaurant Association Foundation - Restaurants Care Fund |
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Description:
Restaurants Care offers emergency assistance to California restaurant workers facing an unanticipated hardship such as: accident, illness, injury, death of an immediate family member or natural disaster. If you are in need of assistance, please complete the application form. All grant requests will be reviewed. Restaurants Care grants are awarded to eligible individuals based on available funds and limited to one per individual. Typical grants range from $250-$1500.
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Musicians Foundation CV19 Emergency Aid Grant Program |
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This application is available online only. Modest, one-time grants up to $200 will be available to professional performers, educators and composers who meet the following requirements:
- Be a professional musician with five (5) or more years of experience performing, teaching, or composing in the United States. Applicants MUST earn the majority of their income from any combination of performing, teaching, or composing. If you were enrolled in any musical education program or institution (for performance, education, or composition) within the last five years, you are not eligible. You must have five or more years of professional experience after graduating from your most recent musical degree program to qualify.
- File taxes as musician. Applicants are required to submit fully completed and filed 2018 or 2019 1040 tax return documentation. No exceptions.
- Have the following additional documentation: professional musician materials (resume, biography, website, etc.) and proof of work cancellation (emails, letters, other correspondence).
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Riverside Microenterprise Business Grant Program |
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The Microenterprise Business Grant Program is a United Way Inland Valleys project in partnership with the City of Riverside Community Development Block Grant (CDBG) program, that offers a ONE-TIME GRANT UP TO $7,500 to help assist Riverside small businesses with their needs during the local emergency.
Who Can Apply?
Owners Of Micro-Eenterprises
- Businesses located within the City of Riverside
- Businesses with 5 or fewer employees (including the owner)
- The owner is of low to moderate income; or
- The business is able to employ people who are of low to moderate income
When Will the Program End?
Until funding runs out,
based on a first come, first reviewed basis.
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About the Amber Grant
WomensNet founded the Amber Grant Foundation in 1998. The Foundation was set up with one goal in mind: to honor the memory of a very special young woman, Amber Wigdahl, who died at just 19 years old — before realizing her business dreams.
Today, WomensNet carries on that tradition, giving away at $10,000 every month in Amber Grant money. Each of those monthly winners is then eligible for our year-end grant of $25,000.
How Do I Apply For an Amber Grant?
Applying is simple. Just take a few minutes to tell us about yourself and your business dream. No long, complicated forms to fill out. We announce the $10,000 Amber Grant recipient the first week of every month, and the $25,000 annual winner every January.
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Professional Beauty Association Covid Relief Fund |
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With generous support from our industry partners, the Professional Beauty Association (PBA) and PBA Charities have created a new fund to help our industry during this unprecedented crisis.
The PBA COVID-19 Relief Fund will provide $500 to licensed beauty professionals who are unable to work due to COVID-19. The funding, if awarded to you, is intended to be emergency aid for short-term immediate needs such as food and bills.
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To aid its local businesses, the City of La Verne launched a Business Assistance Grant Program in May to provide financial aid to struggling businesses to help them combat the economic setbacks brought about by COVID-19. The program still has the capacity to award up to 100 qualified businesses within its city limits with a $2,500 grant to help them re-open, create jobs, retain jobs and offer quality services to the residents of La Verne.
Grant funds may be used for overhead expenses, rent, utilities, business services such as web site development to increase capacity, necessary equipment to continue business operations and more.
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SBA - Economic Injury Disaster Loan |
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On June 15, SBA began accepting new EIDL and EIDL Advance applications from qualified small businesses and U.S. agricultural businesses. Applicants who have already submitted their applications will continue to be processed on a first-come, first-served basis.
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Lender Match is a free online tool that connects small businesses with SBA-approved CDFIs and small lenders. Do not use if looking for Disaster loans. Within two business days after entering their information into the Lender Match platform, a borrower receives an email from lenders who have been matched with them. The borrower can see lenders’ requests for them to begin an application. Borrowers are then able to begin the application process directly from the email they receive.
Lender Match was on pause due to CARES Act implementation priorities and loan volume. It is now being reinstated for CDFIs and other Small Asset Lenders. Leads will only be forwarded to CDFIs and Lenders with < $10b in assets until the PPP program ends on June 30, 2020, at which time Lender Match will be open to all participating SBA Lenders. Lender Match not only connects borrowers with accessing PPP loans, but also other SBA lending products, such as 7(a), 504, Microloans, and Community Advantage loans which are currently offering debt relief.
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SBA Paycheck Protection Program Resources
Provided by the American Institute of CPAs
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The Coronavirus (the virus that causes COVID-19) is having an unprecedented effect on the economy. Main Street’s small businesses are struggling to stay afloat as they’re forced to close to protect the health and safety of employees and customers. Through recently enacted federal legislation, there are opportunities for help through U.S. Small Business Administration (SBA) loans.
One of the most impactful is the Paycheck Protection Program (PPP), designed to provide access to cash so that businesses can keep paying their employees and other expenses such as health insurance premiums, rent or mortgage payments and utilities. This important financial relief will help small businesses return to being fully operational quicker once conditions improve.
In this resource center designed for CPA firms, you’ll find tools to help you educate and advise your clients on the program.
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Covid-19 Safety Compliance Certificate Program |
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The County of Los Angeles launched the COVID-19 Safety Compliance Certificate Program (CSCCP) to help educate and train business owners to comprehensively implement the L.A. County Department of Public Health COVID-19 safety directives.
The CSCCP is a no-cost online training course that educates business owners on the essentials of the CountyHealth Officer’s Orders and what they need to do to ensure that their business practices are aligned and in compliance with infection control and physical distancing requirements. After completing the training, businesses will receive a COVID-19 Safety ComplianceCertificate that can be posted on storefronts. The training will be available in 13 languages and can be accessed online through the Department of Public Health’s COVID-19 website.
This voluntary program offers business, employees, and consumers alike the added reassurance that essential training has been completed to reduce the spread of COVID-19. This training is highly recommended for both business owners and employees. Businesses that do not participate are required to display Public Health COVID-19 Protocols in their storefronts.
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California Department of Tax and Fee Administration Webinars
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Constant Contact Webinars |
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Amazon Small Business Academy Webinars |
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Funded in part through a cooperative agreement with the U.S. Small Business Administration, center host institutions, and local or private funds. Funding is not an endorsement of any product, opinion or service. All Federal funded programs are extended to the public on a nondiscriminatory basis. Special arrangements for individuals with disability will be made if requested in advance |
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