Covid-19: Small Business Resources

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The Cypress City Council would like to share with you that your City Government is diligently working through the COVID-19 pandemic to maintain safety in Cypress and to continue providing vital City services. Below are the most up to date local, state, and federal resources that are available and are pertinent to small business owners. We will continue to share additional information and resources as soon as they become available.

Webinar Information

ReOpen OC Safely - Orange County Business Council

Requirements and Best Practices for Reopening Your Business Safely and Within Current Guidelines

Click here for information.

 

COVID - 19 Industry Guidance

The OC Health Care Agency (HCA) requires business owners and operators who meet Stage 2 criteria, review the State's guidance and do the following:

  • Find the guidance that is most relevant to your industry, click on link below:

Shopping Centers

Dine-in restaurants 

Other industries

  • Perform a detailed risk assessment and implement a site-specific protection plan.
  • Train employees on how to limit the spread of COVID-19, including how to screen themselves for symptoms and stay home if they have them.
  • Implement individual control measures and screenings.
  • Implement disinfection protocols.
  • Implement physical distancing guidelines.
  • Post the industry-specific checklist in their workplaces. 
  • All Orange County residents must wear a cloth face covering when 1) in a public place, 2) visiting a retail, commercial or other place of business, or 3) at work when the person is not able to maintain at least 6 feet of physical distance from another person.

Orange County Technical Assistance

The Small Business Development Center of Orange County offers free virtual consultations for businesses to prepare for and recover from disruptions caused by COVID-19.  

Call (714) 564-5200 or click here to request a virtual consultation.

 

(EIDL) Economic Injury Disaster Loan Emergency Advance - (SBA)

You can obtain up to $2 million for your business at a rate of 3.75% (APR) with terms up to 30 years, where payments can be deferred up to 12 months based on SBA determination.

Your business or organization must have been affected by COVID - 19 to qualify. Sole proprietors, independent contractors and corporations with no more than 500 employees are eligible. 

Click here for more information. 

Us Chamber of Commerce

U.S. Chamber of Commerce - Small Business Initiative

A nationwide program which addresses small businesses' immediate needs, mitigate closures and job losses, and mobilize support for long-term recovery. The initiative features a four-part campaign including financial aid resources and guidance, advocacy, and polling, as well as a call to action for the larger business community and government to help small business. 

Click here for more information.

 

Paycheck Protection Program - Small Business Administration (SBA)

Designed to provide a direct incentive for small businesses to keep their workers on the payroll. SBA will forgive loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities.

This program is for any small business with less than 500 employees (including sole proprietorship's, independent contractors and self-employed persons), 501(c)(3) non-profit organizations, 501(c)(19) veterans organizations, or tribal businesses (see sec. 31(b)(2)(C) of the Small Business Act) affected by COVID-19.

Lenders may begin processing loan applications as soon as April 3, 2020. The Paycheck Protection Program will be available through June 30, 2020.

Click here for more information. 

 

California Disaster Relief Loan Guarantee Program — California IBank

The State of California is allocating $50 million to the Small Business Finance Center at California’s IBank to mitigate barriers to capital for those small businesses (1-750 employees) that may not qualify for federal funds (including businesses in low-wealth and immigrant communities). The $50 million allocation will be used to recapitalize the IBank Small Business Loan Guarantee Program.

Small businesses and eligible nonprofits located in California with 1-750 employees that have been negatively impacted or experienced disruption by COVID-19 are eligible. Loan proceeds can be used for rent, payroll, etc.

 Click here for more information.

 

State of California - Executive Order

On March 30, 2020 Governor Newsom signed an executive order that provides a 90-day extension in state and local taxes, including sales tax for businesses filing a return for less than $1 million in taxes.

Click here to see the Executive Order

 

Have you lost your job?

One-stop resource for the people of California impacted by job loss during the COVID-19 Pandemic.

https://onwardca.org/