COVID-19

Tips on finding funding and avoiding predatory lending during COVID-19

With state-mandated lockdowns and business closures, small business owners across the country are struggling to pay employees, rent, overhead costs and more. Now more than ever, it is important to be wary of predatory lenders as you seek out capital to keep your business afloat. Our guide to avoiding predatory lending includes guidelines for applying for PPP and EIDL, a checklist to determine if a loan is predatory and an outline of the Small Business Borrowers' Bill of Rights.

This document has been translated into Chinese, Vietnamese, Korean, Burmese, Khmer, Hmong, Bangladeshi, Nepali, Bhutanese, Hindi, Urdu, Punjabi, Thai, Lao, Tagalog, Samoan, Tongan and Marshallese in partnership with the National Coalition for Asian Pacific Americans Community Development with a grant from the Ewing Marion Kauffman Foundation.

Nuevo plazo de pagos para préstamos EIDL por COVID-19

La Administración Federal de las Pequeñas Empresas (SBA por sus siglas en inglés) recientemente anunció un nuevo período de aplazamiento adicional de pagos de capital e intereses para los Préstamos por Desastres por Daños Económicos (EIDL por sus siglas en inglés) por COVID-19. Los prestatarios tienen un total de 30 meses de período de aplazamiento desde la fecha de origen del préstamo en todos los préstamos de EIDL por COVID. Este es un cambio con respecto al período de aplazamiento anterior de 24 meses. 

New deferment period for EIDL COVID-19 loans

The U.S. Small Business Administration (SBA) recently announced an additional deferment period of principal and interest payments for existing COVID-19 Economic Injury Disaster Loans (EIDL). Borrowers have a total of 30 months of deferment period from loan origination on all COVID EIDL loans. This is a change from the previous deferral period of 24 months.

Below you will find some additional information about the new deferment period on EIDL loans:

COVID-19 relief grant program available for microbusinesses in California

Microbusinesses in select counties in California may now apply for small grants from the California Microbusiness COVID-19 Relief Grant Program. The program, which is funded by the State of California and administered by the office of the Small Business Advocate (CalOSBA), provides competitive micro grants of $2,500 to eligible microbusinesses impacted by the COVID-19 pandemic and the related health and safety restrictions put in place.

California Compite: Recursos de financiación estatal para pequeñas empresas en California

La Oficina de Desarrollo Comercial y Económico del Gobernador lanzó el crédito fiscal California Compite, un programa de deducción de impuestos disponible para pequeñas empresas que desean mudarse o quedarse y crecer en California. Todas las empresas, independientemente de su tamaño, industria o ubicación puede aplicar para recibir este crédito durante los tres períodos de aplicación.

California Competes: State funding resources for small businesses in California

The Governor’s Office of Business and Economic Development launched the California Competes tax credit, a tax deduction program available to small businesses that want to relocate or stay and grow in California. All businesses, regardless of size, industry or location can apply to receive this credit during three application periods each year. Applications will be reviewed and analyzed on a number of factors, including number of full-time jobs created, investment amount, and importance to the state or region. 

7 resoluciones empresariales de nuevo año para propietarios de pequeñas empresas

Si el 2020 y el 2021 nos han enseñado algo, es que la preparación es clave para administrar una pequeña empresa, al igual que la flexibilidad y la determinación para cambiar el curso en situaciones especiales. Hemos reunido siete resoluciones para que los propietarios de pequeñas empresas las tengan en cuenta mientras inician el nuevo año.

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