Greetings!
We want to keep you updated with information that will help you and your business and hope you find these links useful.
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Today, the U.S. Small Business Administration announced the conclusion and success of the Economic Injury Disaster Loan (EIDL) Advance program, which provided U.S. small businesses, non-profits and agricultural businesses a total of $20 billion in emergency funding. In order to assist the greatest number of small businesses, the EIDL Advance provided $1,000 per employee up to a maximum of $10,000. Recipients did not have to be approved for a loan to receive the Advance, and the Advance provided an interim but vital source of funds while applicants awaited a decision on their loan application.
“Following the enactment of COVID-19 emergency legislation, the SBA provided nearly six million small businesses employing 30.5 million people with $20 billion through the unprecedented EIDL Advance program,” Administrator Jovita Carranza said. “This program, built from the ground up in less than two weeks, assisted millions of small businesses, including non-profit organizations, sole proprietors and independent contractors, from a wide array of industries and business sectors.”
Having allocated the full $20 billion that was appropriated by Congress, SBA will discontinue making EIDL Advances to new applicants. By law, the SBA is not permitted to issue new EIDL Advances once all program funding has been obligated.
EIDL loan applications will still be processed even though the Advance is no longer available. As a reminder, the loan portion of the EIDL program continues to have funds available at very affordable terms, including a 3.75% interest rate for small businesses and 2.75% for non-profit organizations, a 30-year maturity, and an automatic deferment of one year before monthly payments begin. Every eligible small business and non-profit is
encouraged to apply
to get the resources they need.
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PROSPER LA, COVID-19 EXPOSURE, SCHOOL SUPPLY DRIVE, AND SUPERINTENDENT OF SCHOOLS UPDATE
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COVID-19 Emergency Operations Center
PUBLIC NOTIFICATION OF THE VIRTUAL BRIEFING
L.A. County officials deliver COVID-19 updates
The Los Angeles County Board of Supervisors Chair Kathryn Barger welcomes the L.A. County Department of Public Health and L.A. County Office of Education to provide updates on the coronavirus (COVID-19) response. Officials stress to the public to continue the practice of physical distancing.
WHEN:
Monday, July 13
1:00 p.m.
WHO:
- Supervisor Kathryn Barger, Chair, Fifth District
- Barbara Ferrer, PhD, MPH, MEd, Director, Public Health
- Debra Duardo, M.S.W., Ed.D., Superintendent, L.A. County Office of Education
- Jacqueline Valenzuela, Chief Advisor to the Health Officer, Public Health (Spanish)
- Nona Oganisyan, Registered Environmental Health Specialist, Public Health (Armenian)
WATCH LIVE:
Questions about COVID-19:
- Visit the Los Angeles County website: covid19.lacounty.gov
- Call 2-1-1 L.A. County at any time for emergency preparedness information and other referral services. The toll-free 2-1-1 number is available 24 hours a day and seven days a week.
- Department of Public Health: ph.lacounty.gov/media/Coronavirus
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There's still time for FREE tax preparation before next week's July 15 deadline! LA County, Free Tax Prep LA and the United Ways of California have teamed up to help you learn about new refundable tax credits, calculate returns, and connect to free tax preparation services.
Text "TAXCREDITS" to 211-211 to get started.
It's also worth noting:
- Workers with income below the tax filing threshold should still file a return to claim cash-back credits like the Federal and State Earned Income Tax Credit (EITC) worth up to $6,400.
- Families with children under the age of 6 may also be eligible for the new $1,000 Young Child Tax Credit (YCTC).
- Additionally, filing income taxes will also ensure you receive your COVID-19 related stimulus payment. Setting up direct deposit is the fastest way to get your return & stimulus payment. If you’re looking for a list of safe & affordable bank accounts, check out LA County’s BankOn Program for a list of certified accounts. If you opt for a paper check, you may receive your payment in the form of a pre-paid debit card issued by MetaBank®, N.A. For questions regarding stimulus payments, call the United Way at (844) 322-3639.
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Reminders for programs you may be aware of.
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You may already be aware of this program from the LA Regional Covid-19 Recovery Fund that will open on Monday July 6
th.
Just a little information to share:
There will be 6 rounds of being able to apply
July 6- 10
July 20-24
August 10-14
August 24-28
September 7-11
September 21-25
It is NOT based on a first come first served basis, you have the week to apply…they take all the applicants and decide who is qualified and based on several different factors notify if you will receive a grant.
If you didn’t make the first round you have to reapply for additional rounds each time.
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The Encino Chamber of Commerce makes no representations or warranties whatsoever about this company, its products or services or the information contained in this email.
Furthermore, this advertisement contains links to third-party email addresses or websites that are not under the control of the Encino Chamber nor has the Chamber reviewed the content or claims of any of those emails or websites.
When you access a non-Chamber website, you do so at your own risk and the Encino Chamber is not responsible for the accuracy or reliability of any information, data, opinions, advice, or statements on these third-party websites. The Encino Chamber provides these links solely as a convenience and the inclusion of such links does not imply that the Encino Chamber endorses or accepts responsibility for the content, information collection, or use of such third-party emails or websites or about the companies or businesses to which they relate or belong to.
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About Encino Chamber of Commerce
Thank you and we look forward to seeing you at our next event. Please log on to our web site at
Encino Chamber of Commerce
4933 Balboa Blvd.
Encino, California 91316
(818) 789-4711
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