The City of Petaluma and SOCO Emergency are committed to sharing updated information about COVID-19. Please see their website for the latest information.
The Petaluma Downtown Association has been closing monitoring government updates related to COVID-19 (Coronavirus). We understand that it is important to businesses of all sizes to be as prepared as possible to protect the health and well-being of their staff, clients, and community. To help support our businesses we have gathered a listing of public announcements in an effort to share the most up to date information.
If you have additional information you would like to see here please let us know! You can reach us by phone and email: 707-762-9348 or firstname.lastname@example.org.
The state is partnering with FEMA, as well as local cities and counties, to have local restaurants deliver healthy meals to seniors, Newsom said. There is no cap on the number of meals, three meals a day, seven days a week.
We understand the toll this global pandemic has having on our community, including our beloved local businesses. If you, or anyone you know, is forecasting a loss of revenue due to the COVID-19 outbreak, we encourage you to fill out the Economic Injury Worksheet and return to Ingrid Alverde (IAlverde@cityofpetaluma.org) and Nancy Sands (NSands@cityofpetaluma.org) of the City of Petlauma. California is currently lobbing for the Economic Injury Disaster Loan (EIDL) to aid during this difficult time. You can fill out the form HERE.
What does a potential U.S. Small Business Administration Economic Injury Disaster Loan (EIDL) Declaration mean for businesses in California?
New federal legislation and appropriations have opened up the possibility for small businesses to receive assistance for economic loss due to COVID-19. Details of eligibility and administration of this assistance from SBA are still being addressed by the SBA. However, some information from the traditional SBA Economic Injury Disaster Loan (EIDL) program will still apply for COVID-19.
- If a small business has suffered substantial economic injury as a result of COVID-19, it may be eligible for financial assistance from the U.S. Small Business Administration.
- U.S. Small Business Administration is allowing businesses to forecast economic losses due to events that bring in high revenues being canceled due to the COVID-19.
- Small businesses and small agricultural cooperatives that have suffered a substantial economic injury may be eligible for the SBA's Economic Injury Disaster Loan (EIDL) Program.
- Substantial economic injury is the inability of a business to meet its obligations as they mature and to pay its ordinary and necessary operating expenses.
- An EIDL can help meet the necessary financial obligations that a business could have met had the disaster not occurred.
- It provides relief from economic injury caused directly by the disaster and permits the business to maintain a reasonable working capital position during the period affected by the disaster.
- The SBA provides EIDL assistance only to those businesses that SBA determines are unable to obtain credit elsewhere.
- The loan amount will be based on the business' actual economic injury and financial needs.
- The interest rate on EIDLs cannot exceed 4 percent per year.
- The term of the loans cannot exceed 30 years.
- Terms and conditions will be determined by the business's ability to repay the loan.