June 16, 2020
NEW: SBA's  Economic Injury Disaster Loan (EIDL) and EIDL Advance program portal  was reopened to all eligible small businesses experiencing economic impacts due to COVID-19.

  • These loans may be used to pay debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact, and that aren’t already covered by a Paycheck Protection Program loan.
  • The interest rate is 3.75% for small businesses. The interest rate for non-profits is 2.75%.
  • To keep payments affordable for small businesses, SBA offers loans with long repayment terms, up to a maximum of 30 years. Plus, the first payment is deferred for one year.
  • In addition, small businesses and non-profits may request, as part of their loan application, an EIDL Advance of up to $10,000.
  • The EIDL Advance is designed to provide emergency economic relief to businesses that are currently experiencing a temporary loss of revenue. This advance will not have to be repaid, and small businesses may receive an advance even if they are not approved for a loan.
The Long Beach Area Chamber of Commerce is committed to providing the most up to date resources and assistance on how to locate information, support and financing options.

Please continue to check-in with our website  www.lbchamber.com/covid-19/ which is updated daily with the following information:

Business Resources and Economic Assistance: 
Learn about Government and Private Programs available to financially assist your business during this crisis. 

Local, State, and Federal Updates and Guidance: 
News alerts, health orders, and other relevant information are updated daily for your information and safety. 

City of Long Beach COVID-19 Updates: 
Updates directly from our Long Beach Department of Health and Human Services on the progression of COVID-19 and the health impacts in our City. 

Business Resources & Updates for Bars and Restaurants 
Information regarding what is allowed and prohibited during this crisis and the steps your business must take to safely reopen and operate. 

For more information on this topic or other questions, please contact Government Affairs Manager Christine Bos at  cbos@lbchamber.com   or 562-435-9594.
Business and Resident Surveys 
Review the results of two surveys, one focusing on business and the impacts of COVID-19 on our economy. Another opened to the public city-wide to gauge residents' comfort and interest in re-opening of city amenities and services. 

In addition to the beach and dog park re-openings reported earlier this week, the following businesses may now operate with limited operations under the most recently  amended Health Order :

This Order allows for the operation of the following higher-risk businesses with modifications:
  • Campgrounds and RV parks; 
  • Day camps; gyms and fitness facilities; 
  • Hotels and lodging for tourism and individual travel; 
  • Museums, galleries, botanical gardens, and aquariums; 
  • Music, film, and television production; and 
  • Professional sports without an audience. 

This Order also allows for the following: 
  • Beaches and parks to open for stationary activities, active outdoor recreation, and physical exercise provided activities are limited to members of the same household and physical distancing of 6 feet or more is maintained between households. 

This Order continues the operation of lower-risk businesses, including: 
  • Retail; 
  • Limited services;
  • Manufacturing; and 
  • Logistics in support of those sectors with modifications; 
  • Dine-in restaurants; 
  • Hair salons and barbers subject to modifications. 

For further details, see the  revised Health Order . This updated health order includes other changes to the City's reopening efforts that align with  LA County and  California’s Resilience Roadmap . We are currently in Stage 2 of the reopening process and making progress toward stage 3.

Appendix E -  Tennis Protocols  
Appendix F -  Golf Course Protocols  
Appendix G -  Office Worksite Protocols  
Appendix H -  Dine-In Restaurant Protocols  
Appendix J -  Mobile Food Vendor Protocols  
Appendix L -  Grocery Facility Protocols  
Appendix N -  Day Camp Protocols
Long Beach CARES Rental Assistance Program 

The City of Long Beach has announced a new rental assistance program that will help provide relief to qualified tenants affected by COVID-19.

The Long Beach CARES Emergency Rental Assistance Program will provide up to $1,000 per month of rental assistance payments for up to three months on behalf of qualifying Long Beach residents who have lost income due to COVID-19 and meet federal low-income requirements. 

The monthly assistance payments will be provided directly to landlords or property owners on behalf of qualifying residents and be applicable to rent due during the eligible period from March 27, 2020, until the end of the City’s  Safer at Home Order .

Qualified applicants are required to submit documentation confirming substantive income losses caused by job layoffs, furloughs, or reduction in hours or pay during the COVID-19 pandemic period beginning March 27. All documentation and rental and lease agreements are subject to verification.

Additional information on the LB CARES program will be made available starting Monday, June 15, 2020, on the City’s website at:  longbeach.gov/lbcares . All program details, including eligibility requirements, application materials and submittal deadlines will be available starting Monday, June 29, 2020.
In recent weeks, millions of small businesses across the country have been forced to close their doors in the wake of the COVID-19 pandemic. The sudden loss in revenue has been devastating – putting paychecks, employees, and hard-working families at risk. 

We need an urgent solution that will keep our businesses afloat and protect our communities in the long term.  That’s why the Long Beach Area Chamber has joined the America’s Recovery Fund Coalition , comprised of more than 100 organizations representing over 58 million American workers and 45% of the American workforce. 

We are calling on Congress to create America’s Recovery Fund – a relief fund for businesses to operate during this unprecedented crisis, retain and rehire employees, pay rent, meet debt obligations, and pay taxes.  America’s Recovery Fund will be a vital lifeline to business, communities, workers, and state and local governments which rely on our success to fund local economies.

Now more than ever, members of Congress need to hear how the economic downturn is affecting you.  We need your personal stories to show Congress small business owners are depending on them and a recovery fund is needed – now.

To keep up with the latest from America’s Recovery Fund Coalition, please visit our  website .
If you have any questions, please contact our Government Affairs Manager, Christine Bos, at cbos@lbchamber.com or 562-435-9594
Good Afternoon Long Beach
Networking Luncheon
Tuesday 7/14 at 12:00pm

BRING YOUR LUNCH AND JOIN US VIRTUALLY FOR GOOD AFTERNOON LONG BEACH

After registering for the event, you will receive a confirmation email with a Meeting ID and Password to access the Zoom Meeting. We look forward to seeing your there!

Sponsor: Parkers' Lighthouse - NOW OPEN

PPP Flexibility Act – How Will This Effect Forgiveness?
June 16-18 at 1:00pm

Please join us for a webinar to address questions about the PPP loans, allowable expenses, and which expenses may be forgiven. We’ll cover the PPP forgiveness application, and new rules under the PPP Flexibility Act.

We’ll answer attendee questions submitted through the online Q&A. Note that we often have hundreds of attendees and cannot always answer all questions…we do our best!

Q&A for Investors
Thursday, June 18 at 4:00pm

Join Centennial Advisers during this weekly webinar as they assist owners by providing timely and accurate information during this unprecedented time.

Centennial Advisers will follow-up with owners to answer any questions or concerns.

For more information about Centennial Advisers or this webinar visit: www.centennialadvisers.com

Developing a Plan to Start (or Recover) Your Business In Today's Unusual Times
Wednesday, June 24 at 11:00am

Having a focused business plan has never proven so important. Successful business planning leads to successful business results, and the ability to change course when all around you is also changing. This workshop will cover all aspects of creating a business plan, as well as emphasize the importance of setting measurable strategies and tactics to help achieve these goals.

In this interactive seminar, you will learn how to:
  • Break apart components of the business plan into manageable steps.
  • Define your business succinctly.
  • Research your competition and target market.
  • Develop your operating and marketing plans.
  • Start understanding your financial statements.

Friday, June 26 at 10:00am

Restaurants and food businesses have been affected in various ways due to the spread of COVID-19. As the virus continues to spread, owners of these businesses will need to make changes to continue growing your business. David Mitroff, Ph.D. discusses the ways restaurants and food businesses can still increase sales during the COVID-19 outbreak through online food ordering and what the best approaches to it are.

Key Learning Points:
  • How to sign up and leverage online platforms such as Ordermark, Doordash, Chowly, Grubhub
  • Review effective methods such as streamlining menu, offering catering, etc.
  • How to effectively promote online ordering capabilities through social media.

Your Advocate: First Quarter 2020
Advocacy for small business is key in 2020. Check out our First Quarter edition of our magazine featuring the winners of the 23rd Annual City National Bank Entrepreneur of the Year Awards.

Also Featuring:
Centennial Advisers Brings Expertise to High Net Worth Individuals
Annual Vote Record



Strictly Business: Positive Fixes and Updates to the PPP

To keep you updated with the most recent information, I wanted to share the following information regarding the  Paycheck Protection Program  (PPP)

Congress has passed and as recently as today the President has signed, the Paycheck Protection Program Flexibility Act (PPPFA). This reform legislation gives business owners more flexibility and time to use the loan money and still have it forgiven as part of PPP program...


Check out their websites below: