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COVID-19 Member Resources

/COVID-19 Member Resources
COVID-19 Member Resources 2020-04-29T18:30:45+00:00

Updated April 29, 2020

04/29/2020  OSHA’s Response to Workplace Safety and Coronavirus Exposure

As employers seek to protect their workers from exposure to Coronavirus, either while maintaining operations or in anticipation of resuming operations, what is expected of them by OSHA is one area of concern and uncertainty. OSHA has issued guidance to cover three of the main questions: how should employers protect their employees; do employers have to record cases of COVID-19 on their injury logs; and how will OSHA conduct enforcement related to Coronavirus? OSHA has coordinated its approach with guidance from the Centers for Disease Control (CDC) with respect to various protective measures.


04/27/2020 – On-Demand Webinar: How to Maximize your PPP Loan Forgiveness


04/21/20 – (posted by Supervisor Dianne Jacob) The Board of Supervisors just agreed to launch a $5 million loan program to ease small business losses related to coronavirus. It applies to businesses in our unincorporated area. So many businesses, including mom-and-pop shops, need help. The program will allow those with 50 employees or fewer to seek loans of up to $50,000 each.  Read detail document here.


4/21/20 –  Conference Call Notes – “Coronavirus Travel Sentiment Survey Findings – Week 6” 


4/21/20 –  We are receiving a morning report from INC.  We scan the articles for those that may be of interest to our Julian Businesses.  Today this article came out about the next round of PPP. Click on title below for article.

4/10/2020  Federation COVID-19 Call – 1pm   This call talked a lot about the backlog of Emergency loans.

Robin attended this call and her notes are here

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04/09/20 – Paycheck Protection Program (PPP) FAQ’s from the U.S. Department of Treasury

Earlier today(4/8), the U.S. Department of Treasury released an FAQ document to address common inquiries and requests for information pertaining to the Paycheck Protection Program (PPP).

In addition to the FAQ document, please review the following resources provided by the U.S. Department of Treasury below and visit their webpage for additional information.

  • A top-line overview of the program can be found here.
  • If you’re a lender, more information can be found here.
  • If you’re a borrower, more information can be found here.

The application for borrowers can be found here.

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04/08/20 The United States Department of Labor provided an Employee Rights Poster as it relates to COVID-19
Download it here

04/06 – COUNTY OF SAN DIEGO

The County has compiled a list of COVID-19-related resources. You can also sign up for email updates and find instructions on how to join the County’s weekly briefing that happens Wednesday at 9:30 a.m. Text COSD COVID19 to 468-311 to get text alert updates.

STATE OF CALIFORNIA

California Infrastructure and Economic Development Bank (IBank) has Financial Development Corporation (FDC) partners throughout California that can assist businesses.

California COVID-19 Hotline 
Governor Newsom announced a new statewide hotline: 833-544-2374. In coordination with the non-profit local 2-1-1 systems, Californians now have a one-stop-shop to answer their questions and get assistance during this crisis. Call centers are staffed 24 hours a day by trained professionals, who are able to provide guidance for unmet needs.


4/6/20   IS-909: Community Preparedness: Implementing Simple Activities for Everyone
Course Overview:  Community members are the key to our Nation’s preparedness and resilience.


4-3-2020 – Robin attended the conference call from the San Diego Tourism Authority – Click here for the important notes taken.


4/2/2020  Robin attended the Economic Development Advisory Webinar/ Conference and has prepared these notes for you
April 2nd Conference Call Notes (PDF) 

Here are the documents distributed with the conference call referenced above


4/2/20 – Dianne Jacob Town Hall Notes

These are my jottings from the meeting (Robin)


March 30, 2020 4:30 pm

RE: San Diego & Imperial SBDC – Covid-19 Update (Monday March 30)

Here is an update as promised on the federal programs. For those have employees and have asked about the Payroll Protection Plan (PPP) we finally have some information (see yellow highlight are below):

EIDL Process

  1. The SBA EIDL application, which includes the $10,000 advance is now at https://covid19relief.sba.gov/#/ It is a much simpler process. The business will need:
    1. EIN/SSN
    2. Gross Revenue 2/1/19-1/31/20
    3. Cost of Goods Sold 2/1/19-1/31/20
    4. Fix cost expenditures 2/1/19-1/31/20
    5. Bank Account information for deposit of $10,000
    6. All standard business information (address, date started, ownership, etc.)
  2. Here is a quick video of me showing what the different pages of the site look like (this is just for internal use, it includes a blooper)
    https://cccconfer.zoom.us/rec/share/ztErFeDB10RLQK_m1lyHf4QDOMfaeaa81CUZ_6FezEng8_3FM3tzIdLJsxJoVTMZ?startTime=1585604573000
  3. Here is the link to the sample pages for the EIDL
    https://drive.google.com/open?id=1SBTKuVFQB9-Y5Pau31eLZnYZjE62QI_6
  4. I will be updating the email language for advisors later today, but wanted to get this off
  5. I will also be updating the recorded webinar later today

Paycheck Protection Plan (PPP) Loans

These loans will work under the SBA 7a program. They will applied for with banks and lenders. The primary purpose is for businesses to continue to pay their employees during this crisis even if they are getting paid sick leave. The amount loaned will be 2.5x a companies fully loaded (less retirement only) monthly payroll. The monthly payroll can include owner draw, 1099 contractors, and all W-2 employees pay. This includes payroll taxes and even group health benefits. Other expenses that can be paid with this loan include rent or mortgage payments. This loan may be forgivable.

 

Some FAQs

  • Can a company apply for both EIDL and PPP?  Yes, but they cannot be used for the same purpose. For example, the EIDL may be used to pay fixed expenses and pay off vendors, then the PPP could be used for payroll. Also, a company could apply for EIDL then not take the loan if they receive approval on a PPP as well.
  • When will the PPP be available? The soonest these will be available is Friday. The SBA is working with existing 7a lenders to be able to process these loans
  • Until when are each programs available? The PPP is only available until June 30 and will also end earlier if all legislated funds are committed. The EIDL can be applied for through the end of 2020.
  • What time period of payroll can PPP cover? Only the payroll between Feb 15 and June 30 and a maximum of 2.5 months of payroll.
  • Will a company need to resubmit their EIDL with the new process? If they were successful and received confirmation, no, those loans are being processed now.
  • What can we advise companies to do now who should apply for PPP? They should gather their payroll information and have those reports ready, and separate, along with their other financials. The exact process is unknown at this time, but that information will be essential

I will continue to provide you with all of the information I receive as soon as I receive it!

Stay safe and healthy!

Jeffrey Bernstein, Advisor  East County EDC

3/27 conference call with US Chamber of Commerce

Most of the Details from this call can be found here in this document – it is text heavy – take some time to review.

There was much information on this call.  The most important that I can share with you is the “loan forgiveness.”  There is the ability to have portions of the loans forgiven, if used for payroll and/or business operating expenses during this time of crisis.

Here is some information from the US Chamber’s site

Three separate packages approved by Congress and signed by President Trump over the past weeks combined offer a variety of assistance to businesses. Here’s a breakdown of what’s in those packages and how your business can take advantage of these relief efforts. We will continue to update this story as we obtain more information.

Coronavirus Preparedness and Response Supplemental Appropriations Act

What is it?

Signed into law on March 6, The Coronavirus Preparedness and Response Supplemental Appropriations Act provides $8.3 billion in emergency funding for federal agencies to respond to the coronavirus outbreak, enabling the U.S. Small Business Administration to offer $7 billion in disaster assistance loans to small businesses impacted by COVID-19.

What does it mean for small business?

  • The SBA is offering designated states and territories low-interest federal disaster loans to small businesses suffering substantial economic harm as a result of the coronavirus.
  • These loans may be used by small businesses to pay fixed debts, payroll, accounts payable and additional bills that can’t be paid because of COVID-19’s impact. The interest rate is 3.75% for small businesses without other available means of credit. The interest rate for non-profits is 2.75%. Businesses with credit available elsewhere are not eligible.
  • The SBA loans come with long-term repayments, up to a maximum of 30 years, in an effort to keep payments affordable. Loan terms are determined on a case-by-case basis, according to individual borrower’s ability to repay.
  • The SBA has amended its disaster loan criteria to help borrowers still paying back SBA loans from previous disasters. By making this change, deferments through December 31, 2020, will be automatic. Hence, borrowers of home and business disaster loans do not have to contact SBA to request deferment.

Read our full story on SBA Disaster Assistance Loans.

Where can I learn more?

For everything you need to know about applying for a small business loan, see the U.S. Chamber’s Small Business Loan Guide.

Helpful Links

Helpful Documents