Courtney Wood, our Economic Development Director, participated in a webinar addressing the resources available for small businesses during this public health crisis. The information has been condensed into the following list!
Disaster Relief
Resources to consider during this COVID-19 emergency (organizations who specifically have offerings to deal with this particular crisis/or crises in general):
- SBA Office of Disaster Assistance
- The sooner businesses apply, the better, as there will be many businesses seeking out this resource
- https://disasterloan.sba.gov/ela/
- 1-800-659-2955
- [email protected]
- The sooner businesses apply, the better, as there will be many businesses seeking out this resource
- IBank California Small Business Finance Center, which among other things has a Disaster Relief Loan Guarantee Program
- California Capital is one of the FDCs who participates in this loan guarantee program; [email protected] is the contact
- Kiva
- 0% interest and offering a special grace period of 6 months due to the COVID situation
- California Treasurer’s CALCAP
Capital Resources
Here are additional loan programs/funding programs which are available (not specifically handling the COVID-19 scenario, but offering potential capital resources during this difficult time):
- Downtown Stockton Enterprise Loan Fund (DSELF)
- Prime interest rate + 2%
- City of Stockton MicroLoan Program
- Main Street Launch
- Richard Morris
- [email protected]
- 209.637.5589
- Richard Morris
- Opportunity Fund
- loans $2,600 – $250,000,
- their interest rates are a bit higher than some of the other resources
- 866.299.8173
- [email protected]
- their interest rates are a bit higher than some of the other resources
- loans $2,600 – $250,000,
- Stockton Impact Corps
- loans $1,000-$5,000
Additional Resources
For other COVID-19 related information, please visit StocktonStrong.org.
Update: 3/27/20
DSA has launched a COVID-19 Disaster resource page, where we will continue to add new resources as we learn about them.