Covid-19 Updates

Posted By: Tuesday, March 24, 2020

For the latest information on the coronavirus, please see the CDC's website. 

RIVERSIDE COUNTY ECONOMIC DEVELOPMENT - breaking news, business resources, quick links

City Manager Clarifies Emergency Moratorium Regarding Vacation Rentals, Home Shares & Hotels Du to Spread of Coronavirus

City of Palm Springs issues Shelter in Place Order for Palm Springs residents

Update and Clarification on the City's Shelter in Place Order

City's Updated FAQ on Coronoavirus

List of News

City of Palm Springs Declares Coronavirus Local Emergency

Emergency Declaration Order regarding bars, nightclubs and breweries in the City of Palm Springs

Emergency Declaration Order regarding cannabis lounges & commercial gyms

Currently closed:

  • Palm Springs Aerial Tramway
  • Palm Springs Art Museum and Architecture Museum
  • Palm Springs Public Library
  • Welwood Murray Library and Visitor Center
  • All Palm Springs City facilities, including Swim Center and Skate Park.
  • Indian Canyons
  • Tahquitz Canyons
  • Agua Caliente Casinos
  • Indian Canyons Golf Courses

 

The Coachella Valley Small Business Development Center (SBDC) has a SBA Loan Program to assist small businesses.

Here’s a brief recap of the SBA Loan Program and the Coachella Valley SBDC’s role:

- Loan up to $2.0 mil per business for-profits and non-profits
- Must be able to demonstrate loss
- Use of funds: working capital for normal business expenses, including payroll
- Rates: 3.75% fixed for-profits, 2.75% for non-profits.
- 30 year amortization on all loans
- Minimum FICO 650
- NO payments for 12 months 
- Funds dispersed directly by SBA
- NO fees or commissions of any kind

Our role is provide the tools, forms and guidance to help the client submit a complete, well prepared submission online that will have a better chance of prompt processing and approval. 

Before you can start, the SBA requires that all consulting clients be registered in their Client System prior to meeting. If you are interested in applying, please complete the Registration form 641 found here (fill and e-sign onscreen) and email back to either Mike or Angela (information shown below) with a cover note introducing yourself and your business. They will take of it from there.

Please provide one of our email addresses (listed below) on the form. 

Please email questions and we’ll do our best to give you straight answers.

Mike Pagani
Senior Business Consultant
mike.pagani@ociesbdc.com

Angela Janus
Senior Business Consultant
angela.janus@ociesbdc.com

Coachella Valley SBDC
Small Business Development Center
44-199 Monroe Street, Suite B
Indio, CA 92201
www.coachellavalleysbdc.org

 

 

 

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