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Small Business Emergency Economic Relief Loan Program

Questions

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Question #10
how long it takes to get loan.
what documents need?

What documentation needs to be included with an application? IRS Form W-9 and City of Sacramento Business Operation Tax Certificate (BOTC). Supplemental documentation is encouraged such as payroll for past 60 days, most recent tax returns, IRS Form 941 and other relevant information.

How long will it take for my business to receive a decision on funding? Decisions will be made within 2-3 weeks of receiving a complete application. Funding anticipated to be released within 2 weeks of approval (pending approval of third-party fiscal intermediary).

When will payments start to be due on the loan? Initial loan payments to begin within 120 days after emergency is lifted.

Asked 3/18/20

Answered 3/18/20

Question #23
Hi! I own a hair salon where I rent my chairs out (to booth renters)...I have zero employees. I do have nine people who rent space from me. They are all sole proprietors. I do have a resale
permit, establishment license, biz tax certificate for City of Sac, etc....does my business qualify to receive a loan?

All businesses can apply. Beginning at 5:00 pm on Wednesday, March 18th, the application will be available at https://cityofsac.forms.fm/covid19-relief/.

Asked 3/18/20

Answered 3/18/20

Question #21
My business is on Fulton and Marconi 95821 do we qualify for this program

Please visit the following webpage and enter in your business address to determine if you are in Sacramento city limits. Only businesses located within the Sacramento city limits are eligible for funding.

http://www.cityofsacramento.org/Mayor-Council/Find-Your-District

Asked 3/18/20

Answered 3/18/20

Question #20
Is there a link that I can click to apply online?

Yes, the link to the application will be live at 5 p.m. on 3/18/20. The link is: https://cityofsac.forms.fm/covid19-relief/

Asked 3/18/20

Answered 3/18/20

Question #19
My wife is a Massage therapist, she owns here own business, we do not "rent a space" from another spa, she has her own space. would she be eligible for this loan?

All businesses can apply. Please refer to the following page to review eligibility requirements: https://cityofsac.forms.fm/covid19-relief/forms/7750

Asked 3/18/20

Answered 3/18/20

Question #4
My businesses in Citrus Heights will I still qualify?

Please visit the following webpage and enter in your business address to determine if you are in Sacramento city limits. Only businesses located within the Sacramento city limits are eligible for funding.

http://www.cityofsacramento.org/Mayor-Council/Find-Your-District

Asked 3/18/20

Answered 3/18/20

Question #18
we are a small corporation (restaurant) with 2 partners in midtown, sacramento do we qualify?

All businesses can apply. Please refer to the following page to review all eligibility requirements: https://cityofsac.forms.fm/covid19-relief/forms/7750

Asked 3/18/20

Answered 3/18/20

Question #17
Our business is located in an office building downtown, and we provide services, but not at a ground level storefront location. Are we still eligible?

All businesses can apply. Please refer to the following page to review all eligibility requirements: https://cityofsac.forms.fm/covid19-relief/forms/7750

Asked 3/18/20

Answered 3/18/20

Question #2
Our business is located in Arden-Arcade. Are we eligible for the program?

Please visit the following webpage and enter in your business address to determine if you are in Sacramento city limits. Only businesses located within the Sacramento city limits are eligible for funding.

http://www.cityofsacramento.org/Mayor-Council/Find-Your-District

Asked 3/18/20

Answered 3/18/20

Question #15
I have a licensed childcare out of my home. i Do not have a business operations certificate. Will my license cover this part of the requirements?

We encourage you and all businesses to apply.

Please refer to the following page to review eligibility requirements: https://cityofsac.forms.fm/covid19-relief/forms/7750

Asked 3/18/20

Answered 3/18/20

Question #14
Is it possible to view the application form before 5:00 p.m. today? If so, can you provide a link? Thank you.

No, the link to the application will be live at 5 p.m. on 3/18/20. The link is: https://cityofsac.forms.fm/covid19-relief

Asked 3/18/20

Answered 3/18/20

Question #13
Where do you actually apply? Is there a link? Do you go into an office?

The link for the application will be live at 5 p.m. on the link below.

https://cityofsac.forms.fm/covid19-relief/forms/7750

Asked 3/18/20

Answered 3/18/20

Question #9
I heard the link to apply is open now (3:45pm). Is that true, or will it be open to apply at 5:00pm?

The link will be open at 5 p.m. today.

Asked 3/18/20

Answered 3/18/20

Question #8
As a self employed Realtor impacted by Cornavirus 19 with total lost of income due to self quarantine of myself and my clients, can I qualify for small business loan?

We encourage all businesses to apply

Asked 3/18/20

Answered 3/18/20

Question #7
For this section: "Be a restaurant, retail, service, or entertainment business with a storefront; or a day care establishment"
Do all of the listed business types need a storefront? Or is that just for an entertainment business?

All businesses can apply. Please refer to the following page to review all eligibility requirements: https://cityofsac.forms.fm/covid19-relief/forms/7750

Asked 3/18/20

Answered 3/18/20

Question #6
What assistance is available for home-based businesses? I teach private music lessons at my students' houses but am no longer able to visit my students because of COVID-19 concerns.

A full list of available resources for business can be located at rapidresponse.metrochamber.org

Asked 3/18/20

Answered 3/18/20

Question #5
Is there an application form available for these loans? if so can you provide a link or describe how a business should apply?

The application will be available today, Wednesday, March 18, 2020 at 5 pm at the following link:

https://cityofsac.forms.fm/covid19-relief/forms/7750

Asked 3/18/20

Answered 3/18/20

Question #3
Hi, I'd like to apply for this loan, but cannot locate my current certificate (though we have many posted in our document area, the most current one is from 2015. guessing newer staff have filed the newer ones elsewhere. Is there a way you can let me know whether I'm current, and if so email me whatever I need to be able to apply for this loan?
Thanks so much.
Dr. Mark Zablotsky
1 Scripps Dr. Suite #305
Sacramento, CA 95825

You can look up your business operation tax license at the following link https://www.cityofsacramento.org/Finance/Revenue/Business-Operation-Tax

Asked 3/18/20

Answered 3/18/20

Question #1
Are non-profits eligible to apply?

Yes, non-profits are eligible to apply.

Asked 3/18/20

Answered 3/18/20

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