FREE guidance on how to apply for COVID-19 relief funding

Lafayette businesses and non profits have the opportunity to obtain FREE guidance on how to apply for COVID-19 relief funding. If you have not already done so, please sign up HERE for the free services through the City of Lafayette:
https://www.cognitoforms.com/ParksAndRecreation1/BusinessAssistance

Townsend Public Affairs, Inc. (TPA) has been contracted by the City of Lafayette to provide this free service to City of Lafayette Businesses. Learn more here:
https://www.lovelafayette.org/businessassistance

You are invited to learn more during a webinar, Feb. 18 or Feb. 25 at 4pm. Sign up here:
https://register.gotowebinar.com/rt/8894497526695144719

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Bank of the West PPP Eligibility

Starting Feb. 4, 2021, Bank of the West will accept applications from any customer with an active business checking account. If a business does not have an active business checking account with Bank of the West, they can follow existing processes to open a new account.  Once the account is open and active, the business can apply for a PPP loan using their new business checking account.

The SBA requires that a business must have been in operation on February 15, 2020 and is not permanently closed.

For more information, call 925.284.7072.

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PPP2 starts next week!

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Lafayette’s Business Assistance Program

• CalOSBA California Relief Grant: Grant funding ranging from $5,000–$25,000 to underserved micro businesses, small businesses, and non-profits throughout the state. Priority focus is on businesses severely impacted by the pandemic shutdown. Note: the deadline has been extended to January 13, 2021
• SBA Paycheck Protection Program Round 2 (PPP2): Loans designed to provide direct incentives for small businesses to keep their workers on the payroll during COVID-19 crisis. Loans fully forgiven if 60% of funds are used on payroll. Round 1 recipients can also be eligible for Round 2. SBA application guidelines are pending. This program is anticipated to close March 31, 2021.
• SBA Economic Injury Disaster Loans (EIDL): Working capital low interest loans of up to $150,000 that can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing due to the COVID-19 crisis.
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  Find out more about how the Lafayette Business Assistance Program can help you and apply for assistance on BAP’s website now.
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Lafayette Business Assistance Program Restarts Monday, January 4, 2021

Post Date: 12/28/2020 10:13 AM, City of Lafayette

The City of Lafayette will restart its Business Assistance Program on Monday, January 4, 2021. The Lafayette Business Assistance Program will have updated information regarding available, as well as upcoming, resources from federal, state, and local sources. Additionally, businesses may register with the Business Assistance Program for one-on-one assistance by completing the business verification form. The form and more information about the Lafayette Business Assistance program can be found on the City’s website here: https://www.lovelafayette.org/businessassistance.

On Wednesday, January 6, 2021, at 10:00 a.m.*, Mayor Susan Candell and Townsend Public Affairs will host a webinar to provide detailed information about the new funding and highlight the services offered by the Lafayette Business Assistance Program. Please register for this important webinar at: https://attendee.gotowebinar.com/register/1230762941626661389.

*The webinar is currently scheduled for Wednesday, January 6th at 10:00am, but may be adjusted based on the final publication of program guidelines.

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