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COVID-19 UpdateCity Manager’s OfficeMarch 2, 2021Slide 20Support for Businesses and Employers•Economic Injury Disaster Loan (EIDL)– Available for businesses, private nonprofits, homeowners, and renters– There is currently no expiration date for this benefit•Paycheck Protection Program (PPP) loans– Available to first and second time loan applicants– Provides loans to help fund payroll costs– Applications will be accepted until March 31, 2021•Small Business Incentive Program Grant– The City of Santa Ana provides one-time $5,000 grants to businesses with 5 or fewer employees. – Business owners must be within the US Department of Housing and Urban Development 80% income limits•More: www.santa-ana.org/covid19•More: covid19.ca.gov/business-and-employers