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COVID-19 Shutdown Resources for Small Business Owners

Many of you may need some financial assistance as a result of the pandemic shutdown of businesses.  I wanted to get this information to you and encourage you to start looking for resources for your business and yourself. 

  • The SBA Disaster Loan Assistance website is https://disasterloan.sba.gov.  You should check for eligibility and probably apply now.  The site is slow with so many applying.  I don’t know how they will be awarded (or when). 
  • California sole proprietors may be eligible for unemployment assistance (DUA) under a federal program that provides financial assistance to jobless workers and the self-employed when they are unemployed as a direct result of a major natural disaster.  For information on DUA look https://www.edd.ca.gov/pdf_pub_ctr/de8714dua.pdf
  • If you are a corporation and have paid yourself with payroll you may also be eligible for unemployment benefits.  

Here is the link to California resources:  https://www.caloes.ca.gov/cal-oes-divisions/recovery/disaster-recovery-assistance-for-individuals-businesses-private-non-profits-farmers-ranchers
 
Forbes has also posted a resources link:  https://www.forbes.com/sites/advisor/2020/03/20/list-of-coronavirus-covid-19-small-business-relief-programs/

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Lorna Whiteaker

Lorna Whiteaker is a San Luis Obispo business consultant and coach dedicated to helping business owners get the results they want. Lorna has over 30 years of experience working with small businesses, working as an administrator in the legal industry and as an independent business consultant helping hundreds of entrepreneurs. With clear and realistic expectations of just what a business owner must deal with in running their business, big or small, she has worked with firms making 7 figures and start-ups with little more than elbow grease and a dream.