3 Updates to SBA COVID Relief Programs
How can businesses get support? Read below for information on increased eligibility due to the American Rescue Plan Act.
1) Shuttered Venue Operator's Grant (SVOG)

A new application portal has launched in anticipation of opening the SVOG program on April 8, 2021.

Prior to the official SVOG application opening, the SBA will host a national informational webinar to highlight the application process for potential eligible entities from 2:30 to 4 p.m. ET on Tuesday, March 30, 2021. Register here.

The SVOG program has been amended so entities that apply for a PPP loan after Dec. 27, 2020, can also apply for an SVOG, with the eligible entity’s SVOG to be reduced by the PPP loan amount. The PPP loan applications have been updated to reflect this.

Businesses interested in SVOG should:
  1. Review the Shuttered Venue Operators Grant Preliminary Application checklist
  2. Prepare 2019 and 2020 financial statements, including a month-by-month breakdown of revenues
  3. Calculate the average number of employees the business had over the prior year (Mar. 1, 2019 to Feb. 29, 2020) using these FAQs as a guideline
  4. Register in SAM.gov, see SBA video tutorial for Shuttered Venue Operators Grant tips

Updated FAQs are available on the SBA website: Shuttered Venue Operators Grants - FAQ.
2) Paycheck Protection Program (PPP)

SBA issued a new rule incorporating the changes made by the American Rescue Plan Act into the PPP. To learn more, read about PPP Interim Final Rule - PPP as Amended by American Rescue Plan Act.

For more information and all PPP updates visit: Paycheck Protection Program (sba.gov)
3) Economic Injury Disaster Loan (EIDL)

On March 11, SBA announced extended deferment periods for all disaster loans, including the COVID-19 Economic Injury Disaster Loan (EIDL) program, until 2022.

All SBA disaster loans made in calendar year 2020, including COVID-19 EIDL, will have a first payment due date extended from 12-months to 24-months from the date of the note.

All SBA disaster loans made in calendar year 2021, including COVID-19 EIDL, will have a first payment due date extended from 12-months to 18-months from the date of the note.
Sacramento County Enters Red Tier:
What does this mean for businesses?
Sacramento County has officially moved into the less-restrictive Red Tier for COVID-19 restrictions. Some businesses will be permitted to re-open, increase capacity, or resume indoor operations. This is effective as of March 16, 2021.
About the City of Citrus Heights
Citrus Heights, rooted in California’s Capital Region, offers opportunity for those wanting the connectedness of a true community along with urban proximity. Located fifteen miles northeast of downtown Sacramento, Citrus Heights maintains a small-town feel, providing a strong sense of community and belonging for approximately 90,000 residents. Home to over 26 miles of creeks, 26 parks, and a vast array of retail and dining centers, Citrus Heights offers an ideal community to live, work, and play. It is also home to over 2,100 businesses, and over 60% percent are small businesses. The City generates over 30,000 jobs within the region, with high-quality employers like Dignity Health, Deacon, and ManorCare. The City of Citrus Heights has an ongoing commitment to providing high-quality, economical, responsive services to the local community.

Solid roots. New growth.