As we monitor the evolving situation surrounding the 2019 Novel Coronavirus (COVID-19), we want to be sure to keep our business owners up to date on current information and available resources. The City is continuing to track the latest developments from local, state, and fedeegfral agencies. This page will be updated frequently as new information and resources become available.
Due to COVID-19, the City is delaying any penalties as a result of non-payment and renewals. Any business licenses that were previously past due will not incur any new fees during this period. Additionally, anyone who needed to renew and has not submitted their renewal will not incur late fees. New applicants will be required to pay their fees as usual. Further relief for small businesses is not available at this time, however, the Chamber of Commerce will be notified of any changes.
There is a temporary moratorium on residential and commercial evictions in response to the COVID-19 crisis. We continue to encourage all landlords and tenants - commercial and residential - to speak with each other to discuss your individual situation and come up with a plan. Please remember that both landlords and tenants are being affected by the "safer-at-home" conditions, and everyone still has financial responsibilities and obligations.
Unemployment Insurance: Unemployment Insurance due to layoffs or loss in wages due to reduced hours.
Disability Insurance: Disability Insurance if you are unable to work due to having or being exposed to COVID-19.
Paid Family Leave: if you're unable to work because you are caring for an ill or quarantined family member with COVID-19 (certified by a medical professional.
CDTFA: For special assistance including tax filing and payment extensions, and/or relief from interest and penalties.
FTB: For special tax relief available to California taxpayers affected by COVID-19.
CalCAP: Small business loan program with special disaster assistance that is used extensively by the CDFI community.
The Coronavirus Aid, Relief, and Economic Security (CARES) Act expands the Small Business Adimistration's long-standing Economic Injury Disaster Loan Program (EIDL).
United States Small Business Administration Customer Service:
The Freelance Artist Resource is specifically designed to serve freelance artists, and those interested in supporting the independent artist community. This includes, but is not limited to, actors, designers, producers, technicians, stage managers, musicians, composers, choreographers, visual artists, filmmakers, craft artists, teaching artists, dancers, writers & playwrights, photographers, etc.
The Treasury Department and Internal Revenue Service announced today that the federal income tax filing due date is automatically extended from April 15, 2020, to July 15, 2020. Taxpayers can also defer federal income tax payments due on April 15, 2020, to July 15, 2020, without penalties and interest, regardless of the amount owed.
Visit the Treasury Department and Internal Revenue Service website for more information.
LA County Consumer and Business Affairs: Centralized call center and website providing free, one-on-one counseling and support for business owners.
The Los Angeles County Sanitation Districts have created a rebate program to aid businesses whose sewer usage was reduced due to the COVID-19 stay-at-home orders. This program provides qualified businesses a partial rebate of their fiscal year 2019-20 Sanitation District service charge payment made on their property tax bill.
More information can be found at www.lacsd.org/covidrebate.
For immediate no-cost business assistance and crisis relief program consultation, please contact Joseph Torres at (213) 448-1804 or firstname.lastname@example.org.
Click here to view the LAEDC Resource Guide.
For interim guidance on preparing workplaces for COVID-19, you can view the OSHA/HHS Workplace Guidance document for more information.
Paycheck Protection Program: A loan 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. Due to likely high subscription, at least 75% of the forgiven amount must have been used for payroll. These loan payments can also be deferred for six months. No collateral or personal guarantees are required. Neither the government nor lenders will charge small businesses any fees.
Economic Injury Disaster Loan: Provides small businesses with working capital loans of up to $2 million that can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing. The loan advance will provide economic relief to businesses that are currently experiencing a temporary loss of revenue. Funds will be made available within three days of a successful application, and this loan advance of $10,000 will not have to be repaid:Economic Injury Disaster Loan.
This resource is designed to provide small businesses a resource list, courtesy of the California Treasurer Cynthia Ma. This includes resources pertaining to assistance with business taxes, business support hotlines, and interim guidance during this time. Resource list is accessible through this Google Doc.
Disaster Relief Loan Guarantee Program that provides loan guarantees up to $1 million.
JumpStart Loan Program for loans up to $10,000 with accommodations for disasters.
The programs are through local mission based lenders, the Financial Development Corporations: Small Business Finance Center
Southern California Edison: Offering flexible payment plans to customers impacted by COVID-19.
SoCal Gas: Offered to waive late fees for small businesses who are experiencing financing hardship to customers impacted by COVID-19. Please call 1-800-427-2200.
It can be difficult and confusing to identify what resources are available to employees. For an easier guide to this information, visit the Labor & Workforce Agency website.