News and Announcements
Watch the overview of the Shuttered Venue Operators Grant program, which included in the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act.
"The SBA, in consultation with the Treasury Department, announced today that the PPP will re-open the week of January 11 for new borrowers and certain existing PPP borrowers..."
The Community Foundation of Santa Cruz County Neighbor to Neighbor Fire Relief Grant for Small Businesses provides up to $5,000 in grant funding for businesses affected by the CZU Complex Fires. Business advising assistance services will be provided, at no cost, through the Santa Cruz SBDC.
Attached is the summary of the bicameral bipartisan negotiation (with several placeholders for liability & state/local funding) that has been discussed in the press over the last week. Negotiations on state and local funding and liability continue.
Key Elements from lenders:
- Restaurants - outdoor only
- Retail - 25% Indoor capacity
- Bars closed (those serving food, follow restaurant guidelines)*
- Hotels open, but no related inside pools or gyms open, other modifications may apply.*
- Fitness clubs: outside only
"The U.S. Small Business Administration, in consultation with the Treasury Department, today released a simpler loan forgiveness application for Paycheck Protection Program (PPP) loans of $50,000 or less.
"The Small Business Administration will begin forgiving loans granted to small-business owners under the Paycheck Protection Program, the Treasury Department said Tuesday, following banks’ and borrowers’ complaints that the process had been bogged down..." -Wall Street Jounral
"...Mr. Mnuchin, testifying before the committee, suggested the Trump administration would back a proposal from U.S. banks and others who have said the massive lending program should see loans under $150,000 automatically turned into grants..." -Wall Street Journal
Learn how to create a search-friendly website that drives user action and supports business goals with Grow With Google and California Office of the Small Business Advocate. Here are additional resources they have provided from this webinar.