Small businesses and the local economy is being heavily impacted by the COVID-19 Epidemic.
The San Diego and Imperial Small Business Development Center Network (SBDC) is staying up to date with federal, state, and local public health officials to make sure the small business community has the current information, advice, programs and resources including access to capital at this critical time.
“The San Diego and Imperial SBDC Network is encouraging all small businesses to be pro-active and realize this is going to be a long road to recovery. The key is to remain calm and contact your SBDC team of expert business advisors. They are here to help small businesses apply for local, state and federal assistance programs as well as create and implement a strategy to weather the storm and stay afloat”, states Marquise Jackson, Regional Director San Diego and Imperial SBDC Network.
The San Diego and Imperial SBDCs provide small business owners with business advising in all realms of how to start, manage and grow a business including accessing capital, SBA Disaster Loans, marketing, business planning, profitability analysis, resources and most workshops at no cost to them. These services are currently available online or via telephone. Small business owners can schedule a counseling appointment for free at www.SDIVSBDC.org (click “request counseling” to sign up). In 2019, the San Diego and Imperial SBDCs helped small business owners create or retain 11,000 employees, start 200 new businesses, obtain over $102M in capital and increase sales by $60M.
SBDC consultants can help small business owners with the SBA’s “Economic Injury Disaster Loan” providing working capital loans of up to $2M. There is assistance from the State of California and local, state and federal officials are working to help with delaying tax filings, lowering interest rates, possible loans, unemployment programs and more. SBDC consultants are here to help small businesses access these programs acting as a conduit and advocate with these agencies saving time and money.
“Our goal at the SBDC is to keep small businesses up and running by connecting them with resources, information, access to capital, loan, unemployment and other programs to help them get through this crucial time. The SBDC is committed to staying up to date with federal, state, and local policies to help small business owners thrive”, explains Jackson.
Click here for additional resources. You will also find a link to the COVID-19 Small Business Survival Guide in PDF format.