California Small Businesses and the Coronavirus: Resources You Need Now | Fusion Workplaces

California Small Businesses and the Coronavirus: Resources You Need Now

California Small Businesses and the Coronavirus: Resources You Need Now

With so much uncertainty in the time of COVID-19, business owners and operators are looking to the future to see what can be done about sustaining their business.

Small businesses are fundamental to the California economy. Our country, and our state, is filled with entrepreneurs, self-employed business people, and independent contractors. During this public health crisis, we are seeing efforts on all sides to keep small businesses afloat. To that end, financial systems are being put in place to give companies and their employees a leg up when it’s most needed.

Emergency Relief Loans

The state of California is providing emergency relief loans for businesses along with compensation for workers affected by the coronavirus. This means that those who have been laid off, had their working hours reduced, those who are in quarantine, and people who are sick with the virus can all benefit.

These stimulus packages are part of the federal government’s rollout of the unprecedented CARES Act (Coronavirus Aid, Relief, and Economic Security), an effort to support those who are struggling financially.

The CARES Act includes the Paycheck Protection Program, through which companies can apply for funding so that they can keep paying their employees.

Waived Waiting Periods

California has also waived the waiting period for unemployment and disability insurance applications, ensuring money gets into the hands of those who need it most.

SBA Emergency and Disaster Relief

The small Business Administration (SBA) is offering emergency and disaster loans of up to $2 million to help alleviate the financial strain on small businesses caused by the pandemic.

Resources for Coachella Valley Businesses

In addition, other resources are being introduced to provide a lifeline to financially vulnerable businesses and individuals. In the Coachella Valley, our Small Business Development Center is offering free online assistance and webinars for struggling businesses. Over the internet, the SBDC leverages every available resource at their disposal. They will handle financial applications and will answer any questions you might have at this time.

Additional Resources

Riverside County Economic Development is another organization that is helping business people navigate our current situation. Like the SBDC, they offer webinars, survival strategies, and answers to all your business questions.

Localized task forces are helping employers and employees alike band together. Sharing our struggles and barriers help us all come up with innovative opportunities and solutions.

You can’t do your best work if you’re not in a decent state of mind. Now, more than ever, it’s vital to connect with others who understand what you’re going through. Knowing you’re not alone at this time can keep you from becoming anxious and overwhelmed. Connecting with other small business owners and employees online might set your mind at ease and help you refocus on overcoming obstacles, rather than feeling paralyzed by them.

Do Not Hesitate to Reach Out: We’re All In This Together

If you, your business, or your employees are financially compromised due to coronavirus, we encourage you to access these resources and apply for relief packages if needed. We must survive now so that we can thrive later.

If you need support or help in accessing these programs, Fusion Workplaces is here to help. Reach out today to learn more about what you can do to ensure a sustainable future.

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