Counties can now apply until November 30
| California Office of the Small Business Advocate (CalOSBA) is now accepting applications from California county governments to administer the California Microbusiness COVID-19 Relief Grant Program (MBCRG). CalOSBA will conduct no more than two rounds for grant administrators, with this first round open only to county governments. CalOSBA is available to provide technical application assistance via e-mail at osba@gobiz.ca.gov. Applications must be submitted by e-mail to osba@gobiz.ca.gov. For full application instructions, funding allocation by County, eligibility criteria, and additional information, please see the Request for Proposal Announcement at https://calosba.ca.gov/grant-and-funding-opportunities/ and grants.ca.gov. |
California Rebuilding Fund still open to Small Businesses
| The California Rebuilding Fund is a loan program to support California’s small businesses—especially those located in economically disadvantaged and historically under-banked areas of the state. Businesses who employed 50 or less full-time equivalent employees (FTEs) and had gross revenues of less than $5 million or below in 2019 are eligible to apply. Full eligibility requirements are included in the Business Requirements tab. The loans are flexible, transparent and are designed to help businesses access the capital and advisory services they need to get through these challenging economic times. To fill out a pre-application and match with a participating community lender, please click here. Please note, this program is not associated with the federal Paycheck Protection Program (PPP) or any other SBA program. The loans are not forgivable in part or whole. The loans will need to be paid back over a 3- or 5-year term with a fixed annual interest rate that is currently 4.25%, with the exception of San Francisco based businesses who are eligible for 0% interest loans as a result of local City support. Please see the Loan Terms tab for details. More information available at the CA Rebuilding Fund website here. |
