Welcome to CCEDA

CALIFORNIA COMMUNITY ECONOMIC DEVELOPMENT ASSOCIATION CCEDA serves as a clearinghouse for information and action that advances the field of community economic development through training and continuing education, technical assistance, and advocacy on public policy. All CCEDA’s activities serve our membership — organizations actively engaged in revitalizing California’s neighborhoods, including resident driven community development corporations, local governments, community action agencies and faith based institutions. CCEDA members produce results through a full range of community building strategies including real estate development-housing, retail and commercial-business assistance and lending, social services, and job training and creation.

Dear CCEDA Family and Friends,

The spread of the Coronavirus around the world, in the United States and across the State of California continues to expand and increase, as experts predicted. We are first concerned with the health and safety of community-based organizations statewide and the communities they serve. CCEDA is watching all newscasts, and is connected to regular meetings and conference calls to collect new information and get development updates in order to inform ourselves and act accordingly.

The more we work together the better we serve our communities, the better will we manage, and the better we will, together, respond to the threat of this global pandemic.

Below is a list of resources that may help your nonprofit organization during this time. We will continue to update this list as we find more resources.



COVID-19 Nonprofit Resources

The Small Business Administration (SBA) is working directly with states to provide targeted, low-interest Economic Injury Disaster Loans to small business and nonprofits that have been severely impacted by the COVID-19 pandemic and to help overcome the temporary loss of revenue.

Small businesses and nonprofits can receive up to $2 million in disaster assistance loans in certain eligible areas.

To qualify for loans, the business must be located in a Current Disaster Declaration Area. It also must qualify as a small business or non profit, meeting requirements for maximum number of employees or maximum revenue. More information on the requirements for specific industries can be found here.

The first step in the three-part process is to apply online, in-person, or by mail. Step two of the process is the property verification, loan processing, and Decision by the SBA. The final step is the loan close and funds disbursed.

Additional information may be necessary to process an application. If requested, the following information should be provided within 7 days of the information request:

  • Complete copy, including all schedules, of the most recent federal income tax return for each principal owning 20 percent or more, each general partner or managing member, and each affiliate when any owner has more than 50 percent ownership in the affiliate business. Affiliates include, but are not limited to, business parents, subsidiaries, and/or other businesses with common ownership or management
  • If the most recent federal income tax return has not been filed, a year-end profit-and-loss statement and balance sheet for that tax year; and,
  • A current year-to-date profit-and-loss statement.

You can fill out the application here: https://covid19relief.sba.gov/#/


Philanthropy California

Philanthropy California is an alliance of Northern California, Southern California, and San Diego Grantmakers.

Philanthropy California’s disaster resilience team is coordinating with state agencies and partners to respond to the threat and potential impacts of COVID-19/Coronavirus.

We will be vetting funds, providing recommendations, and supporting our community with safety tips.

Check this page for updates on philanthropy’s response to the pandemic. The Philanthropy California team vetted the list of response funds below to help you direct resources to the most vulnerable communities. This list is updated daily. Follow updates here.


Paycheck Protection Program (PPP)

The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll.

SBA will forgive loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities.

The Paycheck Protection Program will be available through June 30, 2020.

The loan will be fully forgiven if the funds are used for payroll costs, interest on mortgages, rent, and utilities (due to likely high subscription, at least 75% of the forgiven amount must have been used for payroll). Loan payments will also be deferred for six months. No collateral or personal guarantees are required. Neither the government nor lenders will charge small businesses any fees.

Forgiveness is based on the employer maintaining or quickly rehiring employees and maintaining salary levels. Forgiveness will be reduced if full-time headcount declines, or if salaries and wages decrease.

This loan has a maturity of 2 years and an interest rate of .5%.

If you wish to begin preparing your application, you can download a sample form to see the information that will be requested from you.


*******JP Morgan Chase & Co. is building a digital application for PPP which is scheduled to release Friday April 3rd . To apply with JP Morgan Chase, businesses must be an existing Chase client with a Business Deposit Account as of 2/15/20, and must have an active Chase.com profile. They are recommending that non-clients first inquire with their bank, as it’s assumed that most institutions will be participating.

JP Morgan Chase will also be hosting the following PPP webinar Wednesday April 2nd :

Title: What Does the Paycheck Protection Program Mean for You: Relieving Financial Strain during COVID-19

Date: Thursday, April 02, 2020

Time: 1pm

Duration: 1 hour

You can find additional information on the webinar (registration link) and our PPP here: https://recovery.chase.com/contingency-plan.


California Small Business Loan Guarantee Program & Disaster Relief Loan Guarantee Program

One of the IBank Small Business Finance Center’s loan guarantee programs is designed for Disaster Relief specifically and is currently available to small businesses needing assistance to overcome economic injury caused by COVID-19.

The Small Business Finance Center (SBFC) partners with Financial Development Corporations to provide loan guarantees and direct loans for small businesses that experience capital access barriers.

Small businesses including nonprofits, located in California with 1-750 employees are eligible to apply.

Guarantee Terms:

  • Loans up to $20 million
  • Max guarantee $1 million
  • Guaranteed up to 7 years; term can be longer
  • Guarantees up to 80% – 95% of loan
  • Loan interest rates negotiated between lender and borrower
  • Qualifications based on lender criteria

Use of Funds:

  • Start-up costs
  • New construction
  • Inventory
  • Working capital
  • Export financing
  • Franchise fees
  • Business expansion
  • Lines of credit
  • Gap financing
  • Agriculture
  • Disaster Relief

How to Apply

Qualifying small business owners may apply for a loan guarantee or get additional information by contacting one of the participating Financial Development Corporations (FDCs) from the list here.

Click here for more information!



California Capital Access Program (CalCAP)

The California Capital Access Program (CalCAP) was created in 1994 and is run by the California Pollution Control Financing Authority (CPCFA). The program encourages banks and other financial institutions to make loans to small businesses that have difficulty obtaining financing. CalCAP also provides for specialty financing programs targeted toward creating more charging stations for electric vehicles, helping at-risk small businesses comply with requirement of the federal Americans with Disabilities Act, assisting small businesses and property owners finance the costs to seismically retrofit existing buildings and homes, and enabling small fleet owners to purchase trucks that comply with the California’s engine emission standards.

In recognition of the economic impact of COVID-19, CalCAP will authorize a supplemental contribution for a credit enhancement for 12 months following the emergency or disaster designation. Learn more here!


COVID-19 San Francisco Small Business Resiliency Fund

The Invest in Neighborhoods Division of OEWD worked to create a COVID-19 Small Business Resiliency Fund that allows impacted small business owners access up to $10,000 for employee salaries and rent. This program is administered in partnership with Northeast Community Federal Credit Union.

To be eligible for the COVID-19 Small Businesses Resiliency Fund, small businesses must:

  1. Have at least 1 employee and no more than 5 employees
  2. Demonstrate a loss of revenue of 25% or more
  3. Have less than $2,500,000 in gross receipts
  4. Be engaged in activities that are regulated by the City and County of San Francisco and have a license/permit associated to that regulation

For more information, click here!


Additional Resources


COMMERCIAL EVICTIONS

  • Because of the extraordinary economic impacts of COVID-19, on 3/17/20 Governor Newsom issued Executive Order N-28-20 specifically authorizing local governments to freeze evictions on tenants affected by COVID-19. As a result, over 70 counties and cities quickly enacted a patchwork of local commercial and/or residential "eviction moratoriums“
  • Although the statewide eviction moratorium (Executive Order N-37-20) applies everywhere in California, it applies only to residential tenants. Local governments have already enacted various eviction moratoriums covering both residential and commercial tenants. If a local moratorium provides greater protections-or protections for commercial tenants-the local moratorium applies. This local ordinance chart is updated frequently, but if your city or county is not listed check your local government web pages for the most recent information.