County and State Financial Resources
More financial assistance is available from the State and Governor's Office
Updated April 17, 2021 - To help bring jobs back and revive the industry, the American Rescue Plan, signed into law by President Joe Biden, established the $28.6 billion Restaurant Revitalization Fund at the U.S. Small Business Administration (SBA). To apply or get more information, visit www.sba.gov/restaurants.
Updated April 8, 2021 - The U.S. Small Business Administration has launched the Shuttered Venue Operators Grant (SVOG) application portal for operators of live venues, live performing arts organizations, museums, and movie theatres, as well as live venue promoters, theatrical producers, and talent representatives. To apply or get more information, visit https://www.svograntportal.sba.gov/.
Updated March 25, 2021 - Round 5 of the COVID Recovery Grants has begun. This round closes on March 31st. To apply or get more information, visit https://careliefgrant.com/.
Updated March 3, 2021 - Newsom’s 7.6 Billion Dollar Bill for Coronavirus Support Enables New Round of COVID Recovery Grants. The new bill signed on February 23rd sets aside $2,075,000,000 for businesses, with $50,000,000 of those funds being dedicated for eligible nonprofit cultural institutions. To apply or get more information, visit https://careliefgrant.com/.
February 23, 2021: Governor Launches CBIG, the California Business Incentives Gateway. This is a groundbreaking tool that brings together all of the state and local business development incentives to a single access point. Click here for details.
February 23, 2021: Newsom Signs 7.6 Billion Dollar Bill for Coronavirus Support. The new bill goes further to cover the gaps the Federal relief has left. Click here for details.
February 2, 2021: 2nd round of the California Small Business COVID-19 Relief Grant Program starts today and closes February 8th, 2021 at 6:00 PM PST. Click here for details.
January 18, 2021: The SBA announces the Shuttered Venue Operators (SVO) Grant program which was established by The Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act. The program includes $15 billion in grants to shuttered venues, to be administered by the Small Business Administration’s Office of Disaster Assistance. Click here for details.
January 4, 2021: State of California has the deadline for the First Round of Small Business COVID-19 Relief Grant Program Applications to January 13, 2020. Click here for details.
December 29, 2020: Office of the Small Business Advocate (CalOSBA) and Lendistry announce partnership for Small Business and Nonprofit COVID-19 relief grants. Click here for more information.
December 28, 2020: San Joaquin County Small Business Assistance announces Grant Round 3. Access the application and forms through this link: https://www.sjgov.org/covid19/grants/small-business. Nonprofit and family grant information can be found here.
December 1, 2020: California business owners needing financial assistance can receive immediate tax relief from the California Department of Tax and Fee Administration (CDTFA) in the form of automatic filing extensions, interest-free payment plans, or hiring tax credit of up to $100,000 to offset income or sales and use taxes. Click here for more information.
November 30, 2020: Governor Newsom Announces Immediate Assistance for Businesses Impacted by COVID-19 Including Temporary Tax Relief and $500 Million in Grants. November 30, 2020
Additional $12.5 million added to the California Rebuilding Fund
See the loan terms here.
See the pre-application here.
More financial assistance is available from the San Joaquin County (SJC)
SJC Small Business Assistance and Personal Protective Equipment Grant Programs
To mitigate the impact of COVID-19 on San Joaquin County businesses and their employees, the County of San Joaquin is operating three cash grant programs to assist small businesses with up to 250 employees and a separate grant program for directly obtaining Personal Protective Equipment (PPE) supplies.
The objective of these grant programs is to offer immediate financial assistance to small businesses located in the boundaries of San Joaquin County, in both the unincorporated and incorporated portions of the County, to address unfunded expenses resulting from impacts caused by the COVID-19 pandemic. The focus is reimbursement for COVID-19 related expenses realized.
Available San Joaquin County Grant Programs
The Micro Business Assistance Grant Program is intended to assist businesses with zero full-time employees (other than the business owners). The maximum grant is $4,000.
The Small Business Assistance Grant Program is intended to assist businesses with between 1 and 50 full-time employees. The maximum grant is limited to the number of full-time employees multiplied by $2,000.
The Enhanced Small Business Assistance Grant Program is intended to assist businesses with between 51 and 250 employees. The maximum grant is $100,000.
The Personal Protective Equipment Grant Program is intended to provide businesses of any size with PPE supplies, such as masks, which will be available for pick-up at a location determined by the County.
More financial assistance is available from California GO-BIZ
GO-Biz Hosting Webinars for Businesses Interested in Applying for $80 Million in Tax Credits
The next California Competes Tax Credit (CCTC) application period starts Monday, July 27, 2020, with $80 million in available tax credits. Businesses interested in applying can register to view a live webinar explaining the application process.
The deadline to submit applications is Monday, August 17, 2020, at 11:59 p.m. (Pacific Time) and the online application website will automatically close once this deadline has passed. The online application can be accessed starting July 27, 2020, at www.calcompetes.ca.gov.
Members of the CCTC team are available to provide technical application assistance (CalCompetes@gobiz.ca.gov / 916-322-4051). An application guide, Frequently Asked Questions (FAQs), program regulations, and a downloadable version of the webinar presentation are available here.
Complete List of Upcoming Webinars
July 29, 2020
Details and Registration
August 6, 2020
Details and Registration
August 11, 2020
Details and Registration
About California Competes
California Competes Tax Credit is an income tax credit available to businesses that want to come to California or stay and grow in California. Tax credit agreements are negotiated by GO-Biz and approved by a statutorily created “California Competes Tax Credit Committee," consisting of the State Treasurer, the Director of the Department of Finance, the Director of GO-Biz, and one appointee each by the Speaker of the Assembly and Senate Committee on Rules.
About the California Governor's Office of Business and Economic Development
The Governor's Office of Business and Economic Development (GO-Biz) serves as the State of California's leader for job growth and economic development efforts. GO-Biz offers a range of services to business owners including attraction, retention, and expansion services, site selection, permit streamlining, regulatory guidance, small business assistance, international trade development, assistance with the state government, and much more. For more information visit: www.business.ca.gov.
Regional Revolving Loan Programs and Resources
San Joaquin Revolving Loan Fund (RLF)
The $10 million San Joaquin County Revolving Loan Fund is administered by San Joaquin County Economic and Employment Development Department (EEDD). RLF offers gap financing assistance to business owners or entrepreneurs in San Joaquin County for working capital, equipment, leasehold improvements, and purchase of land and buildings to be used by the business.
RLF takes a subordinate position to conventional commercial lenders and SBA. RLF also considers loans with limited collateral and will offer terms of debt repayment. The RLF guidelines seek one job created or retained for each $20,000 of RLF dollars loaned.
- Interest rate deductions are available if the applicant is an export business or contracts to hire through the San Joaquin County EEDD.
- Loans available from $25,000 to $1 million.
- Flexible repayment terms and no pre-payment penalties.
Small Business Administration - SBA 504 Loans
The Tracy/San Joaquin County Certified Development Corporation (CDC) is the authorized provider of SBA 504 financing in San Joaquin County. A 504 loan provides long-term, fixed-rate financing at a reasonable interest rate, typically only 10%, for the purchase of long-term fixed assets such as land, building, and/or certain equipment.
Industrial Development Bonds (IDBs)
Small- and medium-sized manufacturers may benefit from Industrial Development Bonds, a low-cost source of financing. (Bond financing can be as low as 75% of prime.) The City and County will also discount the packaging fee by 50%, resulting in substantial up-front savings.
San Joaquin Delta College Small Business Development Center (SBDC)
Services offered by the Small Business Development include:
- business plan writing assistance,
- mystery shopper/dinner programs,
- access to an SBA library, and
- workshops and classes.