COVID-19 Resources

Assemblymember Sabrina Cervantes, who chairs the Assembly JEDE Committee, has asked us to develop a webpage to assist small businesses, entrepreneurs, workers, and economic and workforce development professionals in responding to COVID-19 challenges. 

Federal and State Government Resources

Resources to Help Businesses Maintain Their Operations

  • The California Office of the Small Business Advocate is available to help businesses identify resources and obtain answers to key questions (to the extent known).  They created a very user friendly page, "How We Can Help," and continue to update a helpful FAQ for small businesses.

  • Find your local small business assistance center through the California TA Providers Guide.  At these state- and federally-funded business assistance centers, small businesses and nonprofits can access free one-on-one business and management counseling and training, including the discussion of options for accessing capital.   

  • California Small Business Development Centers has a resource page, which includes both state and federal information for small businesses:  https://www.californiasbdc.org/covid19 There is also a California Resource Guide with detailed information about federal programs serving California, including the SBA Disaster Economic Injury Loan Program.

  • GO-Biz is hosting a COVID-19 resource webpage with links to the IBank, Labor and Workforce Agency, Franchise Tax Board, and Department of Tax and Fee Managementhttps://business.ca.gov/coronavirus-2019

  • USDA Rural Development has launched a COVID-19 resource page.  Board range of resources from affordable housing, business development, to utilities.  

Extension of Certain State and Federal Tax Filing Deadlines

  • State Income Taxes:  The deadline for filing personal and corporate income taxes has been extended to July 15, 2020.  The Franchise Tax Board’s COVID-19 webpage has important information about filing state income taxes, including a FAQ, and can be found at:  https://www.ftb.ca.gov/about-ftb/newsroom/covid-19/index.html

  • Federal Income Taxes:  The deadline for filing federal personal and corporate income taxes has been extended to July 15, 2020.  The IRS has established a special section to assist taxpayers, businesses, and individuals impacted by coronavirus.  Updates will be shared on this webpage, and IRS guidance on deferring tax payments can be found under “News Releases”:  www.irs.gov/coronavirus

  • State Payroll Taxes:  Employers experiencing a hardship as a result of COVID-19 may request from the EDD an extension of up to 60 days to file their state payroll reports and without penalty or interest.  A written request for an extension must be received within 60 days from the original delinquent date of the payment or return.  For questions, employers may call the EDD Taxpayer Assistance Center toll-free from the U.S. or Canada at 1-888-745-3886.  More information on how to request the extension and other services through EDD is available at:  www.edd.ca.gov

  • State Sales and Use Tax: Businesses experiencing a hardship as a result of COVID-19 may request an extension from the Department of Tax and Fee Administration. Small sales and use tax filers (filing less than $1 million annually) have been given specific approval for taking an additional three months to file for the tax periods of April 1, 2020, through July 1, 2020. A small business may also apply for an extended payment plan that provides for up to a one-year extension on the small business' payment of state sales tax without penalty or interest.  To qualify for the one-year payment extension, the businesses must have taxable annual sales of under $5 million and apply to the Department of Tax and Fee Administration for a payment plan.  For questions and extension requirements, small businesses will find more information at:  https://www.cdtfa.ca.gov/services/covid19.htm#small-business-payment

  • Property Taxes:  Property taxes are paid through the county in which is business owns land.  Individual counties have adopted their own COVID-19 property tax measurers.  On April 4, 2020, the California State Association of Counties and the County Tax Official Association released a statements that counties, collectively, agreed to work with landowners to the best of their abilities to not apply Penalties for late property tax payments. www.csac.org

Accessing Capital - Public and Private Financial Resources

State Programs:  California’s Small Business Finance Center provides small businesses access to a range of financial products, including the Small Business Loan Guarantee (guarantee through private lenders) and the Jump Start Program (direct loans to businesses).  California also offers a loss reserve-style credit enhancement program, the California Capital Access Program, to encourage private lenders to provide small business loans.  On April 2, 2020, Governor Newsome announced transferring $50 million into the Small Business Expansion Fund in order to support small business, including independent contractors, access COVID-19 disaster-related loan guarantees.  This new appropriation will sever as back-up financing for business owner who are not otherwise eligible for federal loan.

Federal Programs:  The federal Small Business Administration has activated its Economic Injury Disaster Loan Program, which offers low interest loans with a deferred initial repayment date of next year,as well as a range of other disaster and non-disaster loan programs.  With the enactment of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), $2.2 billion is available for a range of programs, including the Paycheck Protection Program and refundable tax credits designed to encourage businesses to retain working during the COVID-19 emergency.  Information about these programs is available through this webpage: https://www.sba.gov/page/coronavirus-covid-19-small-business-guidance-loan-resources#section-header-0.  An overview these programs, including facts, are also located in the CARES Act Resource link in the box located in the upper right hand corner of this page.

Existing Loans with Private Lenders:  State and federal regulators of financial institutions have issued a special directive to lenders to work constructively with businesses in modifying existing loans.  This directive, issued on March 20, 2020, can be accessed at:  https://www.federalreserve.gov/newsevents/pressreleases/bcreg20200322a.htm

Local and Other Financial Resources:  The California State Treasurer is tracking small business financial resources offered by local governments, foundations and other nonprofits, and corporations on this Google Doc.  It is updated regularly.

Employer Guidance from California Labor Agency

Employer Guidance from the Federal Government

  • The federal Center for Disease Control and Prevention provides guidance for businesses and employers here.

  • The federal Small Business Administration is providing guidance and consistently updating information about loans, contracting opportunities, and other resources available here.

Resources Available to Employees

   

 

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