New Business Pulse Survey - Respond Now!

Today the City of Alameda launched a new survey to better understand the impacts of the COVID-19 pandemic on our business community and what the City may do to help local businesses survive and recover.

This survey will help us to prioritize our recovery efforts moving forward, and to track certain business indicators over time.

The 20 questions should take no more than 10 minutes to complete. The survey closes on Monday, February 15 at 11:59pm.

Please click here to take the survey in English (中文调查) (Encuesta española) (Survey sa tagalog).

Join Us: Weekly Business Town Halls

Tuesdays @ 2 is a weekly, zoom-based Town Hall series for Alameda businesses, hosted by the Downtown Alameda Business Association. This series provides an opportunity for Alameda businesses to hear about the City's COVID-19 response and other updates directly from City leadership. Substantial time is also provided for businesses to share their questions and concerns. 

The meeting is held every Tuesday at 2pm, and this coming Tuesday, February 9, we will be hearing an update on the preliminary recommendations of the City of Alameda's Police Reform and Racial Equity subcommittees.

Join Online:

https://alamedaca-gov.zoom.us/j/83105449641     

Dial by phone: 1-669-900-9128     Meeting ID: 831 0544 9641

Update on COVID-Related SBA Programs

Paycheck Protection Program (PPP)

Status: Open! All lenders are eligible to submit applications for a 1st or 2nd Draw PPP loan. Deadline: March 31, 2021 if funding is still available

Small businesses and eligible nonprofits may apply for their first PPP loan or, if they meet the criteria, a second PPP loan, if they have used all the funds from their first PPP loan.  This loan is forgivable if borrowers used the funds in the authorized manner and spend at least 60% of the loan proceeds on payroll costs and no more than 40% on authorized non-payroll costs.

For more information: Paycheck Protection Program

Economic Injury Disaster Loan Program (EIDL)

Status: Open!  Deadline: December 31, 2021

The EIDL program offers a working capital loan for small businesses and nonprofits adversely affected by COVID-19. Loans direct from SBA's Office of Disaster Assistance are available with a 3.75% interest rate (2.75% for nonprofits) and 30-year term and payments are deferred for 12 months.  

For more information: COVID-19 Economic Injury Disaster Loans

Targeted EIDL Advance Grant

Newly created as part of the recent legislation, the Economic Aid Act, to provide businesses located in low-income communities with additional funds of up to $10,000 to ensure small business continuity, adaptation, and resiliency.

Applicants do not need to take any action at this time. SBA will reach out to those who qualify.

For more information:  Targeted EIDL Advanced Grant

Shuttered Venue Operators Grant (SVOG) - FAQs

The Shuttered Venue Operators Grant (SVOG) program is Section 324 of the Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act (Economic Aid Act) signed into law on Dec. 27, 2020. Click to go to the SVOG - Frequently Asked Questions about the program.

Please note these will be updated as new information becomes available and additional program details are finalized.

You can also watch the webinar which provides an overview: Shuttered Venue Operators Grant Overview - YouTube

Please note: An entity that applied for a First Draw or Second Draw PPP loan on or after Dec. 27, 2020, is not eligible to apply for a SVOG.

For more information: Shuttered Venue Operators Grant