Good evening everyone,

Today the House of Representatives passed the $484 billion COVID-19 Relief Package from which $310 billion will be used to replenish the Paycheck Protection Program (PPP). It will now go to the President to sign.

Paycheck Protection Plan
Things are moving quickly and we want to again remind those who have already applied but your application was not funded or processed to check back in with your bank to confirm that they will continue to process your application or whether they have set new criteria. If you have not applied please contact your financial institutions immediately. Download a copy of the PPP borrower application form to see what type of information will be requested.

Economic Injury Disaster Loan
The relief package also includes $60 billion for the Economic Injury Disaster Loan (EIDL) to assist small businesses and non-profits. It includes an advance fund of up to $10,000 which does not have to be repaid. Advance fund is based on $1,000 per employee. Self-employed individuals may count 1 for yourself. Funds will be made available following a successful application. For the latest updates and additional information, visit https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/economic-injury-disaster-loan-emergency-advance#section-header-2

California Disaster Relief Loan Guarantee Program
Kevin O'Donnell at the Consulate General of Japan in San Francisco office let us know about the California Disaster Relief Loan Guarantee Program – COVID-19. The Small Business Finance Center (SBFC) has partnered with Financial Development Corporations to provide loan guarantees and direct loans for small businesses that experience capital access barriers. The site lists financial development corporations that you can contact directly to apply.

Face Masks in Need
Some of the essential businesses have started to run low on face masks. If anyone has source, kindly email that information to us at info@jtowncbd.org.

Please stay Safe!
 

LISC Small Business Relief Grants

LISC is one of the country's largest social enterprises supporting projects and programs to revitalize underserved communities and bring greater economic opportunity to residents. Thanks to support from funders like Verizon and Sam's Club, LISC is providing grants to small businesses, to help them keep functioning and remain vital facets of their local economies through this challenging period.

Grant Application: Before completing the appliation, please read the Grant Overview and FAQ.

Applications must be submitted by Tuesday, April 28 at 11:59PM EST.  
 

A reminder that Facebook has pledged to give $100 million in small-business grants to help struggling businesses emerge from this pandemic — and $15 million in grants will be distributed in the Bay Area. 

Grant Application: Open: Apr 20 2020 10:00 AM (EDT)
Deadline: May 6 2020 11:59 PM (EDT)

Application website:
https://www.facebook.com/grantsforbusiness

  • SBA Express Bridge Loans - Enables small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 quickly.

  • SBA Debt Relief - The SBA is providing a financial reprieve to small businesses during the COVID-19 pandemic.
 

API Legal Outreach (APILO) can assist you in the application process and answer any other questions you may have. Please call 1-415-567-6255 and leave a message requesting help in the language preferred. They are able to provide assistance in the following languages: Korean, Japanese, Tagalog, Cantonese, and Spanish. Leave your name, business name and phone number so that APILO staff can contact you.
 

Small businesses are facing significant impacts during the coronavirus pandemic. Join Mayor London Breed and members of San Francisco’s small business community for a webinar to discuss the City’s response to COVID-19.

Get updates and information on small business support, the latest regarding the Stay Home Public Health Order, and the City’s Economic Recovery Task Force. 

Panelists include: Cynthia Huie, Small Business Commissioner, Rodney Fong, President & CEO of the San Francisco Chamber of Commerce, Joaquín Torres, Director of the Office of Economic and Workforce Development

Please note the changes in operating hours for the Japan Center Garage. Please share this information with your staff and customers.