Original Message:
Sent: 03-20-2020 22:17
From: Geoff Sykes
Subject: Disaster Relief: Loans, Grants, Resources for Small Business Owners
Really? The Covid-19 pandemic has caused 99% of my appointments for the next several weeks to cancel. Please tell us more.
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Geoff Sykes, RPT
Los Angeles CA
Original Message:
Sent: 03-20-2020 17:55
From: Timothy Michaels
Subject: Disaster Relief: Loans, Grants, Resources for Small Business Owners
Self employed individuals in California can be eligible for unemployment insurance through the EDD because of the coronavirus disaster.
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Tim Michaels
Original Message:
Sent: 03-20-2020 17:00
From: Benjamin Sanchez
Subject: Disaster Relief: Loans, Grants, Resources for Small Business Owners
Thanks for sharing this Tim. I saw this a little while ago. While I understand why, I think this is one of the dumbest things the government could do right now. Offer people who have no income a way to dig themselves into a hole even deeper. Yeah, that's smart.
The grants and relief efforts are better options, in my opinion. Anyway, thanks for sharing some options.
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Benjamin Sanchez, RPT
Piano Technician / Artisan
(805) 315-8050
www.professional-piano-services.com
Original Message:
Sent: 03-20-2020 16:29
From: Timothy Michaels
Subject: Disaster Relief: Loans, Grants, Resources for Small Business Owners
Federal Government:
The U.S. Small Business Administration (SBA) is offering up to $2 million in Economic Injury Disaster Loans for small businesses impacted by the coronavirus, in addition to a resource page detailing eligibility and how to apply.
State/Local Government:
Chicago: Mayor Lori Lightfoot revealed a $100 million Chicago Small Business Resiliency Loan Fund that will provide low-interest loans to the city's struggling small businesses.
Denver: The city's business owners can apply for cash grants of up to $7,500 as part of Denver Economic Development and Opportunity's emergency relief program. Denver Mayor Michael Hancock also announced the creation of a $4 million small business relief fund.
Los Angeles: The city's Small Business Emergency Microloan Program is offering loans ranging from $5,000 to $20,000 with 0-3% interest rates.
Maine: Led by Governor Janet Mills, Maine is one of the first states to be approved for SBA loans. The state will allocate up to $2 million in aid for small businesses.
Massachusetts: Governor Charlie Baker announced a $10 million relief fund for Massachusetts businesses affected by the coronavirus. Funds of up to $75,000 are immediately available for companies with fewer than 50 full- and part-time employees.
Michigan: The Michigan Economic Development Corp. received approval to implement a Michigan Small Business Relief Program that will allocate $10 million in small business grants and $10 million in small business loans to local business owners.
New York City: The NYC Small Business Services is offering businesses with fewer than five employees grants to cover 40% of payroll costs for two months. Businesses with fewer than 100 employees and sales decreases of 25% or more will be eligible for zero-interest loans of up to $75,000.
Sacramento: The city established a $1 million economic relief fund for businesses that provides 0% interest loans of up to $25,000 per business.
San Francisco: Small businesses with fewer than five employees are eligible to receive up to $10,000 for staff salaries and rent.
Wisconsin: The Wisconsin Economic Development Corp. launched Small Business 20/20-a $5 million grant program that will give companies with fewer than 20 employees up to $20,000.
Private/Nonprofit Companies:
Amazon announced a $5 million Neighborhood Small Business Relief Fund to provide cash grants to local Seattle small businesses.
JPMorgan pledged $50 million in aid to small businesses and nonprofits.
full updated list here:
https://www.forbes.com/sites/briannegarrett/2020/03/20/small-business-relief-tracker-funding-grants-and-resources-for-business-owners-grappling-with-coronavirus/
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Tim Michaels
310-567-4039
pianotechtim@gmail.com
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