Refundable Tax Credits
Eligibility: Businesses with fewer than 500 employees that are subject to Emergency Paid Sick Leave Act (EPSLA) and Expanded Family Leave Medical Act (FMLA) and certain self-employed individuals in similar circumstances
Important Dates: Credits based on wages and leave paid April 1, 2021 – September 30, 2021
Description: The Families First Coronavirus Response Act (the "FFCRA") provides small and midsize employers refundable tax credits that reimburse them, dollar-for-dollar, for the cost of providing paid sick and family leave wages to their employees for leave related to COVID-19. Additional information about eligibility, and how to claim these credits can be found online on the IRS webpage: COVID-19-Related Tax Credits for Required Paid Leave Provided by Small and Midsize Businesses FAQs. NOTE: the American Rescue Plan Act of 2021, amended and extended the tax credits (and the availability of advance payments of the tax credits) for paid sick and family leave for wages paid with respect to the period beginning April 1, 2021, and ending on September 30, 2021.
Paycheck Protection Program (PPP) Loan Forgiveness
Eligibility: Small business borrowers that received a Paycheck Protection Program (PPP) loan of $50,000 or less.
Important Dates: Ongoing
Description: Simple loan forgiveness application for PPP loans of $50,000 or less that streamlines the PPP forgiveness process to provide financial and administrative relief to America’s smallest businesses. Answers to FAQs are found here. Borrowers may submit a loan forgiveness application before the maturity date of the loan. Open now for new borrowers and certain existing PPP borrowers, authorizing up to $284 billion toward job retention and certain other expenses through March 31, 2021, and allowing certain existing PPP borrowers to apply for a Second Draw PPP Loan - read more
Shuttered Venue Operators Grant (SVOG) Program
Eligibility: Entities with revenue loss between April 2020 through December 2020 due to the COVID-19 pandemic including: live venue operators or promoters, theatrical producers, live performing arts organizations, relevant museum operators, zoos and aquariums who meet specific criteria, motion picture theater operators, talent representatives, and eligible business entities.
Important Dates: Application portal available now; program available until further notice
Description: The Shuttered Venue Operators (SVO) Grant Program was established by the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act, signed into law on December 27, 2020. The program includes $15 billion in grants to shuttered venues, to be administered by the SBA's Office Disaster Assistance. Eligible applicants may qualify for SVO Grants equal to 45% of their gross earned revenue, with the maximum amount available for a single grant award of $10 million. $2 billion is reserved for eligible applicants with up to 50 full-time employees. Potential applicants may get registered in the federal government’s System for Award Management (SAM.gov), the required for an entity to receive an SVOG, and reference preliminary application checklist and eligibility requirements.
COVID-19 Economic Injury Disaster Loan (EIDL)
Eligibility: Small business owners and qualified agricultural businesses, agricultural businesses with 500 or fewer employees. Agricultural businesses include those businesses engaged in the production of food and fiber, ranching, raising of livestock, aquaculture, and all other farming and agricultural related industries.
Important Dates: Ongoing
Description: SBA is currently accepting COVID-19 EIDL applications from qualified small businesses, including agricultural businesses, and private nonprofit organizations. An EIDL is a low-interest loan due to COVID-19 with the following terms: 3.75% for businesses (fixed), 2.75% for nonprofits (fixed), 30 years, and no pre-payment penalty or fees.
FREE Landscaper Contractor Training Program
Eligibility: Licensed Landscape Contractors
Important Dates: Registration open
Description: FREE Online Contractor Training Program for landscape contractors offered by Eastern Municipal Water District (EMWD). Registration is now open for the on-demand training, which teaches contractors about customer incentive programs and introduces technical skills that could help businesses grow. Topics covered in the training include an overview of EMWD’s upcoming Outdoor Water Use Efficiency Program for residents, including: incentives and rebates, customer service tips, irrigation equipment, water management tools, planting and maintenance, and landscape design. Contractors may finish the lessons at their own pace and as their schedules allow with coursework materials provided by EMWD for free that include online instruction, homework, quizzes and a final exam. Licensed landscapers who successfully complete the training by June 1, 2021 will be the first to be listed on the Landscapes for Living website when it launches this summer.
Temporary Expanded Dining/Retail Program (TED)
Eligibility: For specific eligibility requirements, please call the City of Temecula at 951-694-6400 and ask to speak to the Planner of the Day
Important Dates: Application available now; program available until further notice
Description: To support businesses negatively impacted by COVID-19, the City of Temecula is offering temporary expansions to assist restaurants and retail establishments during these trying times. The Temporary Expanded Dining/Retail program (TED) opportunity is for businesses to have additional flexibility: Temporary Use Permit (TUP) (COVID-19) Special Event Permit (COVID-19) Public Right-of-Way Temporary Expansion for Old Town Temecula. Application and additional information can be found online at TemeculaCA.gov/TED
Farmers and Ranchers
USDA Provides $1 Billion in Loan Guarantees for Rural Businesses and Ag Producers. Applications must be received no later than midnight Eastern Daylight Time on September 15, 2021, or until funds are expended. Program funding expires Sept. 30, 2021.
Visit the USDA Farm Service Agency (FSA) website for California offices that can help with USDA assistance.
U.S. Small Business Administration Disaster Assistance includes Economic Injury Disaster Loan and Advance, now open to offering agricultural businesses low-interest, long-term loans, also available in Spanish.
Governor’s Office of Business and Economic Development (GO-Biz) offers financial and technical assistance for small business, labor and workforce support for business and employees, information about business tax extensions and more.
California Infrastructure Economic Development Bank (IBank) offers a Small Business Disaster Relief Load Guarantee Program and other resources.