We have resources for businesses in need of financial assistance due to COVID-19.
On this page:
Economic Injury Disaster Loan (EIDL) due to the new coronavirus infection
The U.S. Small Business Administration (SBA) is not accepting new applications for COVID-19 EIDLs. SBA continues to accept requests for:
- increase in loans
- Reconsidering a declined loan
- Appeal against a rejected request for reexamination
For more information, please visit the US SBA's COVID-19 EIDL website.
New Coronavirus Infection Disaster Relief Loan Guarantee
Businesses and nonprofit organizations with 750 or fewer employees may be eligible for up to $1 million in COVID-19 disaster relief loan guarantees. Loan guarantee:
- Up to 95% of the loan can be covered if there is a default for up to seven years.
- We help businesses obtain capital from banks. Banks are more willing to lend money because there is a guarantee of repayment, so there is less risk.
For more information, please visit the California Infrastructure and Economic Development (iBank) COVID-19 Disaster Relief Loan Guarantee Program.
california rebuilding fund
Applications for business loans for this system have ended. If you still need help with your business, you can still get matched with one of our participating financial institutions.
Submit this form to see if you're matched with a participating community lender. If you are a match, the lender will work with you on a complete loan application. If your loan is approved, your lender will continue to work with you throughout the term of your loan. All participating financial institutions are certified as community development financial institutions.
For more information, please visit the California Reconstruction Fund website.
California Microbusiness COVID-19 Relief Grant Program
Small businesses may be eligible for a $2,500 grant from the California MicroBusiness COVID-19 Relief Grant Program. Find an organization in your county on this list. For more information and how to apply, please contact us by phone or email.
california dream fund
The California Dream Fund provides grants of up to $10,000 to eligible small businesses. To qualify, your company must participate in intensive training and consulting.
California has a network of small business centers that provide technical assistance. Find and contact your local small business center for more information.
California Nonprofit Performing Arts Grant Program
Nonprofit performing arts organizations may be eligible for grants of up to $75,000. Companies can use these funds to:
- Employee expenses such as salaries, medical benefits, paid vacation benefits, insurance premiums, etc.
- Donations or payments to centralized payment services
- Recruitment, training and development
- Other operating expenses or equipment for employees
For the latest information, sign up for the California Office of the Small Business Advocate's newsletter.
Employers may be able to claim state and federal employer tax credits.
- Employee Retention Credit for wages paid before October 1, 2021.
- Paid Time Off Credit for sick and family leave paid before October 1, 2021. This includes paid time off to employees for vaccination or recovery from vaccination.
- The Homeless Employment Tax Credit applies to wages paid to workers experiencing homelessness from January 2022 to December 2026.
Prevent layoffs with work sharing
Employers can apply for work-sharing programs.
Work sharing helps employers:
- prevent layoffs
- bring back fired workers
- Avoid hiring and training costs
Worksharing allows employees to:
- continue your current job
- Receive partial unemployment insurance benefits to compensate for lost work hours and wages
- avoid financial hardship
Learn more about the California Employment Development Department's work-sharing program.