Small businesses everywhere are struggling with the impact of the pandemic. Where can small business owners find help?
The Federal government has a number of resources to help small businesses get loans or grants to cover the gap.
The SBA is offering loans of up to $2 million for working capital to help small businesses, and most private, non-profit organizations of all sizes meet their ordinary and necessary financial obligations.
Paycheck Protection Program, opens a new window.
This SBA program is designed to provide a direct incentive for small businesses to keep their workers on payroll by providing each small business a loan up to $10 million for payroll and certain other expenses. If all employees are kept on payroll for eight weeks, SBA will forgive the portion of the loans used for payroll, rent, mortgage interest, or utilities. Up to 100 percent of the loan is forgivable.
Opportunity Fund, opens a new window
California's largest nonprofit microlender is offering loans or grants to small businesses throughout this crisis.
Small Business Development Center
The SBDC has local counselors available to help you through the application process by calling (408) 385-9800 or visiting the SBDC website, opens a new window.
In the Online Library 24/7:
Skillsoft - IT eBooks, Courses, and Videos
Need some advice on crisis leadership? Skillsoft has several articles on business resilience. Santa Clara County Library District provides access to the Skillsoft online resources free when you sign in with your library card and PIN.
Example titles include:
- MIT Sloan Management Review Article on Leading Through COVID-19
- Faster Disaster Recovery: The Business Owner's Guide to Developing a Business Continuity Plan
- Resilient Organizations: How to Survive, Thrive and Create Opportunities Through Crisis and Change
