Thank You Redondo Beach Chamber Chairman Circle Partners:
Emergency Business Resources This page is meant to help you navigate through the resources available to you. Our top priority is the economic vitality and health of our community.
Coronavirus Aid, Relief, and Economic Security Act (CARES Act) Coronavirus Aid, Relief, and Economic Security (CARES) Act allocated $350 billion to help small businesses keep workers employed amid the pandemic and economic downturn. Known as the “Paycheck Protection Program,” the initiative provides 100% federally guaranteed loans to small businesses who maintain their payroll during this emergency. These loans may be forgiven if borrowers maintain their payrolls during the crisis or restore their payrolls afterward.
Click Here for a guide and checklist from the U.S. Chamber of Commerce to help your small business through the process.
The Treasury Department has further information about the CARES Act online. Visit home.treasury.gov/cares for the latest information.
Financial Resources for Businesses All Non-Profits, Including 501(c)6s
Now Eligible for $10,000 Grants and SBA Disaster Loans
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) amends the SBA’s Emergency Economic Injury Disaster Loan (EIDL) program.
Non-profits, including 501(c)6s, are eligible for loans under the EIDL program.
Specifically, under the CARES Act,
•Applications are streamlined:
Waives requirement for a personal guarantee on advances and loans less than $200,000,o
Waives the requirement that an applicant be unable to obtain credit elsewhere,
Authorizes approval based on a simple check of borrower’s credit score or alternative method.
•The SBA can provide $10,000 cash advance (available within three days of application) to serve as a grant if the money is used to maintain payroll, mortgage or lease payments, increased costs due to supply chain disruption, or the repayment of obligations that cannot be met due to revenue losses from the COVID-19 pandemic. For More Information, please visit the SBA’s website: https://disasterloan.sba.gov/ela/
Resources for Business and Employees: Businesses throughout Los Angeles County have been experiencing impacts associated with coronavirus since it emerged and are suddenly facing declining sales, operational challenges, or financial uncertainty. The County’s Department of Consumer and Business Affairs’ Office of Small Business can help connect you to local, state and federal resources, including layoff aversion and emergency loans. https://covid19.lacounty.gov/covid19/consumers-businesses/for-businesses/
Beach Cities COVID-19 Fund: Neighbors Helping Neighbors: Beach Cities Health District has established a Beach Cities COVID-19 Fund to help residents impacted by COVID-19. The purpose of this fund is to provide vulnerable groups (older adults and adults with underlying health conditions) who are income qualified with essentials like groceries and household and cleaning supplies. Residents wishing to submit donations by check can mail those to Beach Cities COVID-19 Fund, 1200 Del Amo Street, Redondo Beach, CA 90277. Click Here for More Info
UCLA COVID-19 Convalescent Plasma Donation | UCLA Blood & Platelet Center - Los Angeles, CA If you have fully recovered from COVID-19, please consider donating plasma. You may have antibodies in your plasma that attack the virus. Your donated plasma could be used for compassionate treatment or as part of a scientific trial to determine definitively if this treatment works. It can also be used to support research efforts such as making tests to check immunity to the virus. www.uclahealth.org
Always check with trusted sources for the latest accurate information about novel coronavirus:
Emergency Business Resources This page is meant to help you navigate through the resources available to you. Our top priority is the economic vitality and health of our community.
Coronavirus Aid, Relief, and Economic Security Act (CARES Act) Coronavirus Aid, Relief, and Economic Security (CARES) Act allocated $350 billion to help small businesses keep workers employed amid the pandemic and economic downturn. Known as the “Paycheck Protection Program,” the initiative provides 100% federally guaranteed loans to small businesses who maintain their payroll during this emergency. These loans may be forgiven if borrowers maintain their payrolls during the crisis or restore their payrolls afterward.
Click Here for a guide and checklist from the U.S. Chamber of Commerce to help your small business through the process.
The Treasury Department has further information about the CARES Act online. Visit home.treasury.gov/cares for the latest information.
Financial Resources for Businesses All Non-Profits, Including 501(c)6s
Now Eligible for $10,000 Grants and SBA Disaster Loans
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) amends the SBA’s Emergency Economic Injury Disaster Loan (EIDL) program.
Non-profits, including 501(c)6s, are eligible for loans under the EIDL program.
Specifically, under the CARES Act,
•Applications are streamlined:
Waives requirement for a personal guarantee on advances and loans less than $200,000,o
Waives the requirement that an applicant be unable to obtain credit elsewhere,
Authorizes approval based on a simple check of borrower’s credit score or alternative method.
•The SBA can provide $10,000 cash advance (available within three days of application) to serve as a grant if the money is used to maintain payroll, mortgage or lease payments, increased costs due to supply chain disruption, or the repayment of obligations that cannot be met due to revenue losses from the COVID-19 pandemic. For More Information, please visit the SBA’s website: https://disasterloan.sba.gov/ela/
Resources for Business and Employees: Businesses throughout Los Angeles County have been experiencing impacts associated with coronavirus since it emerged and are suddenly facing declining sales, operational challenges, or financial uncertainty. The County’s Department of Consumer and Business Affairs’ Office of Small Business can help connect you to local, state and federal resources, including layoff aversion and emergency loans. https://covid19.lacounty.gov/covid19/consumers-businesses/for-businesses/
Beach Cities COVID-19 Fund: Neighbors Helping Neighbors: Beach Cities Health District has established a Beach Cities COVID-19 Fund to help residents impacted by COVID-19. The purpose of this fund is to provide vulnerable groups (older adults and adults with underlying health conditions) who are income qualified with essentials like groceries and household and cleaning supplies. Residents wishing to submit donations by check can mail those to Beach Cities COVID-19 Fund, 1200 Del Amo Street, Redondo Beach, CA 90277. Click Here for More Info
UCLA COVID-19 Convalescent Plasma Donation | UCLA Blood & Platelet Center - Los Angeles, CA If you have fully recovered from COVID-19, please consider donating plasma. You may have antibodies in your plasma that attack the virus. Your donated plasma could be used for compassionate treatment or as part of a scientific trial to determine definitively if this treatment works. It can also be used to support research efforts such as making tests to check immunity to the virus. www.uclahealth.org
Always check with trusted sources for the latest accurate information about novel coronavirus:
