Paycheck Protection Program (PPP)
The California Hispanic Chambers of Commerce in partnership with Prestamos CDFI is accepting the Small Business Administration (SBA) Paycheck Protection Program (PPP) applications nationwide until the program closes; either when funds run out, or, on March 31, 2021. This funding is to incentivize small business owners to keep their staff on the payroll as we all persist through the (Coronavirus) COVID-19 pandemic.
If the PPP funds are used for at least 60% payroll purposes (Wages, Health Benefits, Retirement Benefits, State Unemployment Taxes) along with up to 40% of other eligible expenses (Rent/Lease, Utilities, Fixed Interest, PPE, Cloud Computing, Etc), the PPP may be forgiven up to 100% by The SBA.
Once an application is submitted, it can take 1-2 weeks to be funded into your bank account based on how quickly you complete your application and provide the necessary documents and The SBA approval time.
Complete and submit the contact form below. Once we receive your information, a member of the Prestamos/CHCC team will contact you with further instructions to guide you through the application process.
For general questions about the grant overview, eligibility, or the application process contact us at 1-916-444-2221.
California Relief Grant Program
The California Small Business COVID-19 Relief Grant Program (the “Program”) provides micro grants ranging from $5,000 to $25,000 to eligible small businesses and nonprofits impacted by COVID-19 and the related health and safety restrictions.
On November 30, 2020, Governor Newsom and the State Legislature announced the allocation of $500 million to the Program to be administered by the California Office of the Small Business Advocate (CalOSBA) at the Governor’s Office of Business and Economic Development. Lendistry has been designated by the state to act as the intermediary for the Program to disburse the grant funds.
• Application in now closed.
• Start of Approval Notification: Feb. 11-18, 2021
• Waitlist Notice: Feb. 22
• Non-selection Notice: Feb. 24
Lendistry will review applications for eligibility and will start approving grant awards after the close of each application round. Applicants who submitted their application and submitted all documentation in the first round do not need to reapply; qualified applications for eligible businesses will be rolled over into the next funding round for consideration
For general questions about the grant overview, eligibility, or the application process contact us at 1-916-444-2221 or 1-833-275-7232.
For technical assistance with application submissions, error messages, username/password, or uploading documents contact Lendistry at 1-888-612-4370 from 7:00 AM -7:00 PM.
Comcast RISE Program
RESOURCES & TOOLS TO ELEVATE YOUR BUSINESS
Selected businesses could receive one or more of the following business services through Effectv, the advertising sales division of Comcast, and Comcast Business, a leading provider of technology for businesses of all sizes: Consulting, Media, Creative Production, Technology Makeover, and Monetary Grants (Coming in 2021. Check back for more information). Click here for Eligibility and Application.
Many small business owners in Sacramento are Spanish speaking and have not been able to find the resources they need to adapt to a COVID-19 business environment. To fill this gap, we are hosting webinars in Spanish through the Sac IEDC Portal: https://www.sac-iedc.org/shc
We are offering technical assistance for small businesses located in Sacramento. Some of the areas where we can assist include digital marketing, budgeting, operational planning, financial planning, and access to capital among others. We are offering 1:1 consulting in both Spanish and English. To book your session, please email firstname.lastname@example.org.
Luna, the Chatbox
We are thinking about innovative ways to be accessible to small business owners. On Oct. 19, we are launching Luna, the Chatbox, on the Sacramento Hispanic Chamber of Commerce’s website. Luna is a Chatbox, which is a messaging platform that allows individuals to engage with a business consultant live from our website to better assist you in a safe environment. Activate Luna by click on the purple chat button on the bottom right of our webiste.
Republic FC Kickstart Grant Program
Republic FC and Suncrest Bank – with the support of the Sacramento Hispanic Chamber of Commerce – are opening the next phase of Republic FC Kickstart to support local, LatinX-owned small businesses throughout the region. To help celebrate Hispanic Heritage Month, Republic FC is calling on fans, the community, and the business community to nominate small businesses that reflect the Indomitable Spirit of the Capitol Region. The Republic FC Kickstart program will again award a $5,000 grand prize grant, as well as a $2,500 and three $1,000 grants to small businesses in the greater Sacramento Region. Nominations are now closed. Congratulations to Custom Fitness, grant prize winner! SacRepublicFC.com/suncrestbank.