COVID Business Resources
Stage 3 Re-Opening (Updated May 26, 2020)
On March 4, 2020, California Governor Newsom announced a State of Emergency across California as a result of COVID-19. The Los Angeles County Department of Workforce Development, Aging and Community Services (WDACS) received Additional Assistance funding from the State of California Employment Development Department (EDD) to assist our local workers and businesses during the COVID-19 crisis. WDACS will use a portion of the funds to provide grants to qualified businesses within LA County that demonstrate significant economic hardship as a result of COVID-19 in order to help them retain workers and remain in business during these challenging times.
The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll.SBA will forgive loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities. You can apply through any existing SBA 7(a) lender or through any federally insured depository institution, federally insured credit union, and Farm Credit System institution that is participating. Other regulated lenders will be available to make these loans once they are approved and enrolled in the program. You should consult with your local lender as to whether it is participating in the program. Lenders may begin processing loan applications as soon as April 3, 2020. The Paycheck Protection Program will be available through June 30, 2020
You can now apply for this potentially forgivable PPP loan directly through an online fintech entity like PayPal or Intuit’s Quickbooks.
The big development tonight is that you can now apply for this potentially forgivable PPP loan directly through an online fintech entity like PayPal or Intuit’s Quickbooks.
Created in 1953, the U.S. Small Business Administration (SBA) continues to help small business owners and entrepreneurs pursue the American dream. The SBA is the only cabinet-level federal agency fully dedicated to small businesses and provides counseling, capital, and contracting expertise as the nation’s only go-to resource and voice for small businesses. SBA can help with Coronavirus Funding Options, Guidance for Businesses and Employers, Local Assistance, Join the SBA’s Relief Efforts, SBA Products and Resources, Government Contracting.
Are you using Social Media to help increase sales of your product or service? Do you lack the basic knowledge to take advantage of the incredible marketing reach that social media offers? This course is designed to show you how to utilize social media marketing to grow your business. You will learn research processes and strategies to help you harness the power of social media marketing.