In response to the COVID-19 crisis, the Federal Government, the State of California, and even several local business development organizations have made many resources available to provide assistance to employers, employees, and independent contractors.
We have listed several of these free resources below and will continue to update it as more information and resources become available. If you have questions, please call our office at (805) 755-6721.
We’re passionate about our community. Our families, neighbors, friends, and loved ones are here, and we are committed to doing everything we can to help us all get through this and come back stronger on the other side. So stay safe and encouraged, everyone. We’re in this together.
Paycheck Protection Program (PPP)
Description: Potentially fully forgiven loan for businesses, nonprofits, veteran organizations, tribal concerns, self-employed individuals, independent contractors, and other eligible borrowers keep their workforce employed during COVID-19.
Description: Loan program to support California’s small businesses (especially those located in economically disadvantaged and historically under-banked areas of the state) that are flexible, transparent, and are designed to help businesses access the capital and advisory services they need to get through these challenging economic times.
Description: Allows small businesses that currently have a business relationship with an SBA Express Lender to access up to $25,000 quickly providing vital economic support to small businesses to help overcome the temporary loss of revenue while applying for a direct SBA Economic Injury Disaster Loan.
Description:Affordable capital can be accessed through the EDC Loan Program. Each applicant is paired with a top-tier financial advisor to ensure that you have the best access to reaching the capital you need. With five regional loan funds and low-interest rates, the EDC maintains a commitment to reaching underserved communities.
Description: The American Rescue Plan Act established the Restaurant Revitalization Fund (RRF) to provide funding to help restaurants and other eligible businesses keep their doors open. This program will provide restaurants with funding equal to their pandemic-related revenue loss up to $10 million per business and no more than $5 million per physical location. Recipients are not required to repay the funding as long as funds are used for eligible uses no later than March 11, 2023.
Description: Funds are available for Californian renters who have missed rent payments due to financial struggles related to COVID and for Californian landlords who have been impacted due to unpaid rent.
Description: Lendistry with the CA Small Business COVID-19 Relief Grant Program will be opening 4 additional rounds of applications.
Round 3: For waitlisted applicants from Round 1 & 2 only. No new applications will be accepted. Selection notifications will start March 5, 2021.
Round 4: Accepting applications for non-profit arts and cultural institutions. Eligible non-profit cultural institutions must complete a new application even if they already applied in Rounds 1 and 2. Application window opens March 16, 2021, and closes March 23, 2021.
Description:Emergency rental and utility assistance for eligible County of Santa Barbara residents that have experienced a loss of income due to the COVID-19 pandemic and can demonstrate the need for rental support.
COVID-19 Joint Response Effort for Santa Barbara County
Description:Grants to individuals for those disproportionately impacted by COVID-19 and the economic consequences of the pandemic and organizations actively engaging COVID-19 assistance efforts, providing essential services, reduced services due to COVID-19 and need operating support.
Description: The Taxpayer Certainty and Disaster Tax Relief Act of 2020, enacted December 27, 2020, amended and extended the employee retention credit (and the availability of certain advance payments of the tax credits) under section 2301 of the CARES Act.
Learn More about recent changes and how to access ERTC.
Description:The Work Opportunity Tax Credit (WOTC) is a Federal tax credit available to employers for hiring individuals from certain targeted groups who have consistently faced significant barriers to employment, including qualified long-term unemployment recipients.
Deadline: The Consolidated Appropriation Act, 2021 authorized the extension of WOTC until December 31, 2025.
An additional $300 federal stimulus payment automatically added to each week of benefits received from December 27, 2020, through March 13, 2021 (11 weeks). The EDD will automatically add the federal unemployment compensations to each week of benefits that you are eligible to receive. Pandemic Additional Compensation is also known as the Federal Pandemic Unemployment Compensation (FPUC).
Description: Provides unemployment benefits for people who don’t usually qualify for regular state Unemployment Insurance, including business owners, self-employed workers, independent contractors or those with a limited work history who are out of business or have significantly reduced their services as a direct result of the pandemic.
COVID-19 Resources for Businesses from QuickBooks Online
From QBO: “We recognize that small businesses are facing unique challenges right now. If your business finances feel uncertain, you’re not alone. To help support you and your community during this unprecedented time, visit our dedicated COVID-19 page within the Resource Center for information, articles, and guides to help organize your small business.”
In addition to our webinar series, we have created a Business Resource Hotline (805-409-9159) to help answer questions and direct the business and non-profit community to available resources. We hope that adding these new opportunities will increase our capacity to serve the Ventura and Santa Barbara community.
Taxpayers may request assistance by contacting the CDTFA. Requests for relief of interest or penalties or requesting an extension for filing a return may be made through their online services. Taxpayers may also request assistance in writing by sending a letter to the address below or contacting CDTFA via email. They are also available to answer questions and provide assistance for taxpayers that call their Customer Service Center at 800-400-7115. This includes assistance if you are unable to make a timely tax payment.
The EDD provides a variety of support services to individuals affected by COVID-19 in California. For faster and more convenient access to those services, we encourage the use of their online options, including Workplace Health and Safety, Reduced Work Hours, Potential Closure or Layoffs, and Tax Assistance.
The Secretary of State’s office processes filings, maintains records, and provides information to the public relating to business entities that include corporations, limited liability companies, limited partnerships, general partnerships, limited liability partnerships, and other business filings.
Learn how to get no-cost assistance from the LA Small Business Development Center. The Economic Development Collaborative has compiled a list of resources now available for employees and employers who have been impacted by COVID-19. As new resources become available, the response guide will be updated as needed.