COVID-19 Resources for the week of March 16, 2020

On March 11, the President directed the SBA to provide low-interest loans to small businesses (3.75%) and asked Congress to increase SBA funding by $50 billion. This may be separate from the current Disaster Loan Assistance program. (Congress has already allocated $8.3 billion to assist small businesses as part of an emergency spending package passed on March 4.)

The SBA has issued a "Guidance for Businesses and Employers to Plan and Respond to Coronavirus Disease 2019 (COVID-19)" which states that the SBA is working directly with state Governors to provide targeted, low interest loans to nonprofits and small businesses

In his Emergency Order last week, the Governor delayed the deadline for state tax filing by 60 days for individuals and businesses unable to file on time based on compliance with public health requirements related to COVID-19

In San Francisco, the City is taking measures including deferring business taxes and licensing fees and launching a relief fund for impacted businesses.

In Sacramento, there is a plan to help businesses and residents handle insurance claims and would create a $1 million economic relief package for local businesses.

In Oakland, the Mayor noted that the Oakland Business Assistance Center is an online resource tool with information on zero interest loans to help with tax bills.

In San Jose, the City is updating regularly its guidance for businesses, employers, and workers.