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CARES Act & Other Resources for Business Relief

EIDL loans will only be accepting new applications for agricultural based small businesses. Applications that have already been filed will continue to be processed.

Big Bear Lake businesses should contact Christine Bennett for any assistance regarding loan info or other guidance.

Christine Bennett, Senior Administrative Services Analyst for the City of Big Bear Lake
cbennett@citybigbearlake.com
Phone: 909-866-5831

The new CARES Act now includes three financial assistance programs for small businesses to take advantage of in the coming days. As 70% of Californians are employed by small businesses, Visit Big Bear is keeping our local community updated on all the ways your business can receive aid during the COVID-19 Crisis.

Don't hesitate to email any questions or concerns to DisasterCustomerService@sba.gov regarding your small business financial relief.


EIDL and PPP Loans


Under the CARES Act passed by Congress, the Economic Injury Disaster Loan and the Paycheck Protection Program are available to small businesses across the nation. Eligible businesses include those with less than 500 employees, non-profit organisations, sole proprietorships, and independent contractors.

Read the full bill passed by Congress with its breakdowns for all parties involved.

Economic Injury & Disaster Loan

EIDL loans will only be accepting new applications for agricultural based small businesses. Applications that have already been filed will continue to be processed.

The EIDL is procured from the Small Business Association and is a long term plan offering disaster relief to keep small businesses afloat by covering rent, utilities, payroll, and other expenses.

At A Glance: Up to $2M per business for aid, 30 year plan, 3.75% interest, up to $10K advance. The SBA may require collateral for loans over $25,000.

An advance of up to $10,000 is awarded whether or not your business is approved for a loan amount. This advance does not need to be repaid. Though independent contractors and self employed persons may be eligible for both programs, it is recommended to apply for the EIDL Loan first. For businesses with employees, the employee headcount is used to determine your advance at $1,000 per employee up to $10,000. If you get a PPP loan, the advance will be deducted to address double dipping.

When you apply, you'll be asked to provide your 2019 revenues and Cost of Goods, which equals Gross Profits, and the loan amount is calculated as six months of average Gross Profits. Apply for the EIDL at https://covid19relief.sba.gov.

If you need additional funds, you will have 6-12 months to request additional funds under this loan.

Important!: Be sure to check the box at the bottom of the app to receive the $10K advance. If your business already applied for the EIDL prior to March 30th, you need to re-apply to receive the $10K advance pay as this feature was added later!

Paycheck Protection Program

The Paycheck Protection Program (PPP) is designed to help businesses keep employees on their payroll even if the business is experiencing a forced closure due to COVID-19.

At A Glance: Up to $10M per business for aid, 2 year plan, 1-1.5% interest, partly forgivable. Please not 501(c)6 organisations are not eligible for the PPP at this time. Keep checking for updates!


Funds spent in the first 8 weeks of distribution are forgivable if 75% of the loaned amount is dedicated to payroll. Employees must be kept on or immediately rehired at the same pay rate (even if they are not actually working). Forgiveness tapers off by level if payroll falls below original amounts. In calculating your payroll for forgiveness do not include Federal withholding taxes (although you can include state and local withholding). PPP loans can also be used to cover rent, utilities, and other business expenses .

PPP Loans must be negotiated with an FDIC insured bank or credit union. It is recommended to apply with your business' bank as priority will be given to current customers. PPP Loans are awarded on a first come, first served basis. Businesses are urged to apply as soon as banks/credit unions can accept applications. Applications will be accepted through June 30th, 2020.

Important!:
Your business may qualify for both loans types, however, funding must be allocated to different expenses! It is suggested that businesses use EIDL funds to cover business expenses and PPP funds to cover payroll. If you applied to two or more banks that could hold up the process; you might consider having secondary applications canceled.

Pandemic Unemployment Assistance (PUA)

The Employment Development Department - and as part of the federal CARES Act - is offering the new PUA program for unemployed Californians who are business owners, self-employed, independent contractors, have limited work history, and others not usually eligible for regular state Unemployment Insurance benefits but who are out of business or services due to the pandemic.

Program includes:

- Up to 39 weeks of benefits starting with weeks of unemployment beginning February 2, 2020 - December 26, 2020, depending on when you became directly impacted by the pandemic.
- A new 13-week federal extension for those who run out of their regular state-provided UI benefits (maximum 26 weeks). File a PUA claim and you may be converted to the federal extension once it is available.

PUA - Frequently Asked Questions
File a PUA Claim

U.S. Travel Assoc. CARES Act Webinar

US Travel Association Links & Resources

The Travel & Tourism and Service Industries have arguably taken the biggest beating during the COVID-19 crisis. The US Travel Association has taken a lead in providing all the links and info you'll need to start taking advantage of Congress' new Coronavirus Aid, Relief, & Economic Security (CARES) bill. Visit their CARES Act Page to view resources on Paycheck Protection Programs, Business Tax Provisions, Small Business Express Loans, Disaster Loans, and more.

See Eligibility Guidelines from the US Travel Association and from the US Chamber of Commerce to see if your business qualifies for aid.

The US Travel Association also answers several Relief Program FAQs, so be sure to gather all the facts to see how your business could benefit.

Resources from the Small Business Administration (SBA)


Find further info and resources for COVID-19 relief funding from the SBA at https://www.sba.gov/page/coronavirus-covid-19-small-business-guidance-loan-resources

Sign up for SBA newsletters and stay up to date with the latest info at https://public.govdelivery.com/accounts/USSBA/subscriber/new?topic_id=USSBS_76

Links for COVID-19 News & Updates

Visit Big Bear - Read info newsletters on small business relief: 4/13 4/8 4/3 4/2 3/31

City of Big Bear Lake - Our community leaders are working hard to keep our locals updated with city and county info pertaining to the COVID-19 crisis. Sign up to receive City Manager Frank Rush's daily newsletters and stay updated!

San Bernardino County -
The County of San Bernardino has established a COVID-19 Public Information Line that will operate from 9 AM to 5 PM, Monday through Friday. Access by calling (909) 387-3911. The public can also email the County at coronavirus@dph.sbcounty.gov.

The DPH-PRP DOC has established a 24/7 phone number for COVID-19 inquiries by Health Care Facilities and general public. Call (800) 782-4264 and select option 6.

San Bernardino County is diligently updating and reporting on the COVID-19 crisis. Resources on their Coronavirus 2019 Page includes an ongoing case count, a statistics dashboard, and guidance materials for cities, employers/businesses, individuals, and more. You'll also find the most recent news releases and links to State and CDC resources.

See the County of San Bernardino COVID-19 Dashboard

Contact the San Bernardino County Operational Area or signup for Flash Updates by calling (909) 356-3998 or emailing sbcoa@oes.sbcounty.gov

State of California - Governor Gavin Newsom has signed a new bill offering financial relief to California small businesses. The order provides a 90-day extension in state and local taxes, including sales tax AND extends licensing deadlines and requirements for a number of industries. Keep up with the latest news at www.covid19.ca.gov.