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Small Business Resources

Mike Garcia for Congress
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Economic Injury Disaster Loan (EIDL)
Emergency EIDL Grant
Paycheck Protection Program Loan (PPPL)
Small Business Development Center
Paid Sick Leave and FMLA Policies
Small Business Administration
Economic Injury Disaster Loan (EIDL)

• Provides small businesses with working capital loans of up to $2 million
• 3.75% interest rate (nonprofits 2.75% interest rate)
• SBA loan approved based solely on an applicant’s credit score.
• Loans smaller than $200,000 can be approved without a personal guarantee.
• No early payment penalties
• 30-year loan

COVID-19 EIDL Application

Emergency EIDL Grant

• All those applying for an EIDL loan will be eligible for up to a $10,000 emergency grant to be issued within 3 days of the application being received.
• Applicants must certify under threat of perjury that they believe they are eligible for the EIDL loan.
• The up to $10,000 grant is forgivable.

Qualified Expenses for Emergency EIDL Grant
• Providing paid sick leave to employees unable to work due to the direct effect of the COVID–19;
• Maintaining payroll to retain employees during business disruptions or substantial slowdowns;
• Meeting increased costs to obtain materials unavailable from the applicant’s original source due to interrupted supply chains;
• Making rent or mortgage payments; and
• Repaying obligations that cannot be met due to revenue losses.

Paycheck Protection Program Loan (PPPL)

 Who qualifies for a PPPL?
• Businesses with less than 500 employees
• Independently owned franchises with less than 500 employees
• “Accommodation and Food Services,” if each location has less than 500 employees
• Sole proprietors, independent contractors, self-employed individuals
• 501(c)(3) nonprofits AND
• Been in business since 2/15/2020 and paid taxes on your employees or independent contractors.

PPP Overview

PPP Borrower Paycheck Protection Program Application

PPP Borrower Information Sheet

Small Business Development Center

Valencia SBDC Location – 26455 Rockwell Canyon Rd. Santa Clarita CA 91355

College of the Canyons SBDC

 

Paid Sick Leave and FMLA Policies

Under Families First Coronavirus Response Act

U.S. Dept. of Labor Wage and Hour Division (WHD) Resources

Families First Coronavirus Response Act Q&A

For Employees

For Employers

Small Business Administration

Covid-19 Disaster Assistance 

Mike Garcia for Congress
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23890 Copper Hill Drive #365

Valencia CA 91354

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Mike Garcia for Congress
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Contact Info

23890 Copper Hill Drive #365

Valencia CA 91354

info@electmikegarcia.com
press@electmikegarcia.com

Stay in Touch
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