Coronavirus – Coastal Mendocino Association of REALTORS®

Mendocino County Coronavirus Information and Updates – https://www.mendocinocounty.org/community/novel-coronavirus

City of Fort Bragg Coronavirus Information and Updates – https://city.fortbragg.com/722/8853/Coronavirus

California Association of REALTORS® Coronavirus Information and Updates- http://www.car.org/coronavirus

National Association of REALTORS® Cornonavirus Information and Updates – https://www.nar.realtor/coronavirus

State Financial Resources

You can contact C.A.R.’s COVID Relief Hotline by calling (213) 351 8450, Monday-Friday, 8:30 a.m. – 4:45 p.m.
C.A.R. also has many other resources available on: https://www.carcovidupdates.org/relief-faq-for-agents – frequently check this site as it is constantly updated

Financial Resources for Agents from CAR- https://www.carcovidupdates.org/relief-faq-for-agents

Financial Resources for Brokers from CAR- https://www.carcovidupdates.org/relief-faq-for-brokers

California has several resources for small businesses navigating the effects of COVID-19. If you’re looking for information, check out:

California State Treasurer Fiona Ma’s Office: https://www.treasurer.ca.gov/category/smallbusiness.asp

California Governor’s Office of Business and Economic Development (GO-Biz): https://business.ca.gov/coronavirus-2019/

CA Infrastructure and Economic Development Bank (IBANK) – Disaster Relief Loan Guarantee Program (DRLGP) or Jump Start Loan: https://www.ibank.ca.gov/small-business-finance-center/

California Pollution Control Financing Authority (CPCFA) – California Capital Access Program (CalCAP) for Small Business: https://www.treasurer.ca.gov/cpcfa/calcap/sb/index.asp

Franchise Tax Board (FTB) – Tax Filing Extension: https://www.ftb.ca.gov/about-ftb/newsroom/news-releases/2020-2-more-time-to-file-pay-for-california-taxpayers-affected-by-the-covid-19-pandemic.html?WT.ac=COVID-19

California: Employment Development Department – Unemployment and Tax Assistance: https://www.edd.ca.gov/about_edd/coronavirus-2019.htm

Unemployment: https://www.edd.ca.gov/unemployment/

National Financial Resources

SBA- Economic Injury Disaster Loan Program
https://disasterloan.sba.gov/ela/
https://www.sba.gov/page/coronavirus-covid-19-small-business-guidance-loan-resources

IRS unveils new People First Initiative; COVID-19 effort temporarily adjusts, suspends key compliance program | Internal Revenue Service

SBA 7(a) Payroll Protection Program
The CARES Act appropriates $349 billion to the SBA 7(a) loan program. The SBA will receive increased funding to allow staff to process applications more quickly, and can temporarily grant SBA lender status to lenders not currently participating in the program. Finally, it provides additional grant money for Small Business Development Centers around the country to provide aid and education to small businesses during the crisis and recovery.

WHAT DOES THIS MEAN FOR REALTORS®?

- REALTORS® who are negatively impacted by the COVID-19 crisis are able to apply for SBA 7(a) loans of up to $10 million to cover business operating costs, including payroll, during the crisis (businesses with 500 employees or less).
- Small businesses and commercial tenants – clients of commercial practitioners – will be able to apply for these loans to cover business expenses, including rent and mortgage interest, during the crisis as well.
- A portion of the loans – that which goes toward payroll, rent, mortgage interest, and utilities – will be made forgivable for employers who maintain current salary levels (or bring staffing/salary levels back up by April 1 to pre-COVID-19 crisis levels). Employers who reduce their employee numbers or salaries will have the forgivable amount phased out, depending on their numbers.

If you are aware of additional resources available which should be included on this site, please email links to cmar@mcn.org.