The Small Business Finance Center (SBFC) partners with Financial Development Corporations to provide loan guarantees and direct loans for small businesses that experience capital access barriers.
CalCAP SB can help Southern California Small Businesses affected by COVID-19 with working capital.
CalCAP SB is ideal for businesses experiencing difficulty securing financing. CalCAP is a loan loss reserve program working with banks and other financial institutions to provide up to 100% coverage on certain loan defaults. CalCAP SB enrollment increases the likelihood a lender will underwrite your loan. Visit CalCAP for more information and to enroll.
As of March 18, the Federal Tax filing date has been extended to July 19. Additionally, the Internal Revenue Service(IRS) and Treasury Department are allowing individual, non-corporate (including self-employment) tax filers (also applies to employees), deferment up to $1million dollars of Federal income tax without interest or penalties. This allowance is extended to $10 million dollars for corporate taxpayers.
Visit the IRS Coronavirus Tax Relief Page for more information.