SBA Disaster resources
Notice: New Eligibility for Economic Injury Disaster Loan and Advance: SBA will begin accepting new Economic Injury Disaster Loan (EIDL) and EIDL Advance applications on a limited basis only to provide relief to U.S. agricultural businesses.
Interim Guidance for Businesses and Employers to Plan and Respond to Coronavirus Disease 2019 (COVID-19)
Access to Capital
Tax Deadline Changed: The deadlines to FILE and PAY 2019 federal income taxes are postponed to July 15, 2020.
The postponements are automatic and apply to all taxpayers. You do not need to file other forms or call the IRS to qualify. READ MORE
New Employer Tax Credits
Many businesses that have been severely impacted by coronavirus (COVID-19) will qualify for two new employer tax credits – the Credit for Sick and Family Leave and the Employee Retention Credit. READ MORE
small business guide to the care act
West Hollywood Chamber of Commerce launches COVID 5-Point Plan for Legislators to take notice about what employers and employees need to reopen and feel safe
The West Hollywood Chamber of Commerce (WHCC) announced a plan which will call on legislators and government agencies at all levels to adopt a comprehensive approach to ensure the economic recovery of small business which has been crushed by the forced shutdowns related to COVID-19.
This 5-Point Plan captures the core issues that must be resolved for businesses to “Get Back to Business”. READ MORE
Mediation Services for Commercial landlords and tenants impacted by COVID-19
In collaboration with the City of West Hollywood’s Business Development Division, the West Hollywood Chamber of Commerce (WHCC) is developing a program to be an ombudsman for the business community.
The primary focus of the program will be to assist with providing professional mediators to help negotiate cooperative solutions between tenants and commercial landlords, as well as educating both parties of the ordinance passed as part of the COVID-19 emergency. READ MORE
COVID-19 Business and Employee Continuity and Recovery Fund
(The Recovery Fund)
As you may know, Chambers across America created the Save Small Business Coalition (SSBC) together with over 90 Chambers nationwide, to find a solution to get money into the hands of all businesses as soon as possible.
Since its origin in March, the SSBC has been working to find a solution that will assist small businesses quickly and effectively with business continuity. It has worked with partner associations in the insurance and commercial development industries and have now aligned efforts with the Joint Trades Coalition, led by the International Council of Shopping Centers association. The relief vehicle proposes for the establishment of the COVID-19 Business and Employee Continuity and Recovery Fund , modeled after the 9/11 Victim Compensation Fund, that would create the framework to assist all impacted businesses regardless of size, industry or location. READ MORE
On Monday, April 13th the Insurance Commissioner ordered insurance companies to return premiums to businesses and drivers affected by the COVID-19 pandemic.
This order covers at least six lines of insurance where the risk of loss has fallen as a result of the pandemic:
This could be in the form of a premium credit, reduction, return of premium, or other adjustment that gets funds back to you or reduces what you owe in the future. A business would likely receive a percentage of premium paid for March and April. The Commissioner’s order would extend to May if shelter in place rules remain in effect.
If you need assistance with your insurance claim, please contact the Department of Insurance at: (800) 927-4357 or www.insurance.ca.gov. MORE INFO
Resources from State Treasurer FIona Ma
jvs socal rapid response
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