Financial Resources
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Quick Resources & News
- IBank: Small Business Disaster Relief Loans are available through California Infrastructure and Economic Development Bank or IBank. These loans are only available to those that did not receive a PPP or EIDL loan from the SBA. This disaster program provides guarantees for loans of up to $50,000 for small business borrowers and nonprofits, with low interest rates and 7-year terms. Apply directly with local lenders including California Capital Financial Development Corporation
- SBA Loans for California Small Businesses Impacted by Civil Unrest
The SBA now offerslow-interest federal disaster loans for working capital to small businesses economically impacted by civil unrest that began May 26, 2020. - SBA Emergency Loans: Economic Injury Disaster Loan (EIDL), guidance for businesses and employers, government contracting, and local assistance information is available from the US Small Business Administration.
- Payment Protection Program: SBA is currently offering first draw PPP loans for first time program participants and second draw PPP loans beginning January 13, 2021 for certain businesses who have previously received a PPP loan.
Federal Assistance
- US Chamber H.R. 6201, the Families First Coronavirus Response Act
- Main Street Lending Program
Federal Reserve program FAQ HERE. - Paycheck Protection Program
Businesses can go to a participating SBA 7(a) lender, bank, or credit union, to apply for a loan; expedited approval for these loans will also take place. Learn more on this and other funding resources for employers. - SBDC COVID-19 Toolkit
Guides to loan form applications, SBDC/SBA resources, FAQ. - U.S. SBA Loans
- SBA Debt Relief for 7a, 504 and microloans
- Economic Disaster Loan Program: Applications now open to eligible agricultural businesses only. Low interest loans up to $2M for small businesses and nonprofits; up to a year deferral. Guidance for businesses and employers, government contracting, and local assistance information. Live agents are available to guide you through the process at 1-800-659-2955.
- Existing Disaster Loans: If you had an existing SBA Disaster Loan prior to COVID-19 (e.g. loan for fire declaration), you can now automatically defer your loan to the end of 2020.
- SBA Express Bridge Loans – Allows small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 with less paperwork. Small businesses waiting on approval for a Disaster Loan may be able to access this Bridge Loan while waiting on a decision.
- Existing 7a SBA Loans: Borrowers may request deferral up to 3 months from their lender for those with a traditional 7a SBA Loan, with another possible extension to 6 months. The SBA has authorized lenders to take this action. Borrowers need to contact their lender to negotiate. Important: this is not an automatic deferral.
- Targeted EIDL Advance
- US Chamber Guide to SBA Loans
- US Chamber of Commerce Foundation
Funding and resources from corporations on a national level. - U.S. Department of Education and Federal Student Aid
FAQ on student loan debt relief
State of California Assistance
- California Rebuilding Fund
The California Rebuilding Fund is a loan program to support California’s small businesses. Those who employed 50 or less full-time equivalent employees (FTEs) and had gross revenues of less than $2.5 million or below in 2019 are eligible to apply. - California Disaster Relief Guarantee Program
$50 million in state funding, providing potential capital for individuals who do not qualify for federal funds, via iBank. Qualifying small business may directly apply with lenders (list available soon). español aquí -
California IBank Small Business Loan Guarantee Program
Loans up to $1 million, and the JumpStart micro lending program provides loans up to $10,000 with accommodations for disasters. Access these programs through IBank’s Small Business Finance Center. - California Treasurer’s Office’s California Capital Access Program
CalCAP offers a small business loan program with special disaster assistance provisions.
Other Publicly Funded Financial Resources
- City of Sacramento CORE Program
The City of Sacramento will receive $3.83 million in grant funds from the Governor’s Office of Business and Economic Development (Go-Biz) through the Cannabis Equity Grants Program for Local Jurisdictions. Click the link above for the latest news and updates. - Donate4Sacramento
Public, private, labor and nonprofit leaders throughout the Sacramento region have joined forces to raise both awareness of what we as a community are confronting and resources that will be dedicated to help vulnerable populations and small businesses. - Fork 2 Farm Relief Fund
These grants are intended for restaurants and agricultural related vendors who seek to alleviate their debt in due and overdue invoices.
Privately Funded Financial Resources
- Capital Region Small Business Development Center
Resources and toolkits available online for business owners and operators