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Governor Provides Business Guidance As Counties Move To Yellow Phase On May eight

We have the technology and instruments in place that enable our employees to work outdoors of the workplace. As a outcome, we have the complete functionality to keep business operations operating easily, together with video and audio conferencing know-how. Our business operations will continue as usual throughout our normal workweek hours. Our entire employees is on the market to you by way of e-mail, phone, or teleconference.

EIDLs are loans of up to $2 million with a three.seventy five% rate of interest for companies and a 2.75% interest rate for nonprofits with phrases of as much as 30 years. This mortgage offers an optional $10,000 advance as a non-repayable grant within days of a successful utility. State Fair Community College (SFCC) is home to a resource designed to support regional entrepreneurs and small businesses to assist them be successful.

During the COVID-19 outbreak it is extra important than ever to follow security requirements, stay informed on updated policy adjustments and rules protecting the health and nicely-being of each staff and clients. Download the City of Los Angeles’ Policy Guide for LA Small Businesses here. The City established a Small Business Emergency Microloan Program that provides loans between $5,000 to $20,000 with no interest for a time period of up to 18 months, with funds deferred for as much as 6 months. It additionally provides the option of an interest rate of three% (2% for nonprofits) for a term of up to 5 years with repayment deferred for as much as 12 months.

  • The program centered on the Paycheck Protection Program (PPP), together with eligibility criteria and the applying course of, and information on federal Pandemic Unemployment Assistance and key private loan and grant choices.
  • In Alabama, businesses with fewer than 50 staff can apply for curiosity-free, a hundred and eighty-day loans of up to $25,000 through the Birmingham Strong Emergency Loan Fund.
  • California rolled out itsDisaster Relief Loan Guarantee Program, which provides loan guarantees of as much as $1 million for small businesses with less than 750 workers.
  • Several states, cities and municipalities are additionally providing companies loans and grants proper now.

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Our group is concentrated on offering quality service for all clients. We are collecting an inventory of useful assets, webinars, and recordings thatcan be accessedHERE. Economic Injury Disaster Loan (EIDL) – an extra loan obtainable to businesses on an expanded foundation on account of the CARES Act. Among the 500 small businesses surveyed, seventy six percent use images/infographics on social media.

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Funded partly through a Grant with the Governor’s Office of Business and Economic Development. All opinions, conclusions, and/or recommendations expressed herein are these of the writer(s) and don’t necessarily reflect the views of the Governor’s Office of Business and Economic Development.