Paycheck Protection Program for Small Business + Rental Assistance April 3, 2020 Advocacy, Payment COVID-19, Paycheck Assistance , Rental assistance 0 The Paycheck Protection Program prioritizes millions of Americans employed by small businesses by authorizing up to $349 billion toward job retention and certain other expenses. Small businesses and eligible nonprofit organizations, Veterans organizations, and Tribal businesses described in the Small Business Act, as well as individuals who are self-employed or are independent contractors, are eligible if they also meet program size standards. For a top-line overview of the program CLICK HERE If you’re a lender, more information can be found HERE If you’re a borrower, more information can be found HERE Final Borrower Application Form Lender Electronic Data Form Paycheck Protection Program – Interim Final Rule April 8 is the deadline to notify your landlord of non-payment or partial payment for rent due April 1. Governor Gavin Newsom recently issued an executive order banning the enforcement of eviction orders for renters affected by COVID-19 through May 31, 2020. The order provides immediate relief to tenants for whom rent was due on April 1 and prohibits landlords from evicting tenants for nonpayment of rent and prohibits enforcement of evictions by law enforcement or courts. If you are a renter, you are required to declare in writing, no more than seven days after your rent comes due, that you cannot pay all or part of their rent due to COVID-19. This means, for rent due April 1, that you have until April 8 at the latest to notify your landlord of partial or non-payment due to COVID-19. As a tenant, you will be required to retain documentation but are not required to submit it to the landlord in advance. The tenant remains obligated to repay full rent in a timely manner and could still face eviction after the enforcement moratorium is lifted. Please remember that we are in this fight together, and that the health and safety of all of us depend on the actions we all take. You can stay up to date on the most recent COVID-19 news in California here and on my website and follow me on social media (@AsmJimCooper). Also, please remember to continue following these health and safety guidelines. As always, it is a pleasure being of service. Sincerely, Jim Cooper Assemblymember, 9th District visit MY WEBSITE send ME AN EMAIL © 2020 California State Assembly Capitol Office: State Capitol P.O. Box 942849 Sacramento, CA 94249-0009 Tel: (916) 319-2009 Fax: (916) 319-2109 District Office: 250 Laguna Springs Drive Suite 220 Elk Grove, CA 95758 Tel: 916-670-7888 Fax: 916-670-7893 Comments are closed.
