This quote by Governor Gavin Newsom reflects how this pandemic adversely affected California:
“Through no fault of their own, more than a million Californians have lost a job, and countless more are seeing their businesses fail. California will emerge from this crisis stronger than before. Until then, the state will work overtime with the federal government and private sector to get families the help they need.”
The coronavirus lockdown in the United States and the world nearly brought economies to a complete standstill. But there is good news you should know about: there are economic stimuli you can access to strengthen your business finances.
These initiatives want to provide help to undocumented immigrants. Immigrants are working on the front lines risking their health to keep others safe by growing food people depend on for sustenance, keeping their businesses open.
The Golden State Stimulus 2021
A new proposal by Governor Newsom was released in early January to provide a stimulus to undocumented workers who filed their taxes last year with an ITIN. Now, the proposal has been approved and the governor is ready to sign it into bill. Here are the details:
How much you can get
All Californians can receive $600 payments. But if you are an undocumented worker, you can get another $600 for a total of $1,200. Alternatively, you can get a single $600 tax rebate
The Golden State Stimulus also has help for:
- small businesses
- college students
- child care workers
You need to be an immigrant who pay taxes using an ITIN and fit into one of these categories:
- Make less than $30,000 to qualify for the second stimulus payment, bringing their total to $1,200.
- Make between $30,000 and $75,000 to qualify for the single $600 tax rebate.
When will you receive this stimulus?
- If you get your tax returns by direct deposit: 4-5 weeks after filing your 2020 tax returns
- If you get your tax returns by mail: 6-7 weeks after filing
More Help for Immigrants in California
The State of California is taking care of everyone. As Governor Newsom said:
“California is the most diverse state in the nation. Our diversity makes us stronger and more resilient. Every Californian, including our undocumented neighbors and friends, should know that California is here to support them during this crisis. We are all in this together.”
To further help immigrants, California has these other resources:
- See this immigrant resource guide, which lists the help available to immigrant Californians to include COVID-19 and public assistance.
- Likewise, immigrants can apply to one of the 20 relief funds listed here to receive funding. More information will be posted at the Grantmakers Concerned with Immigrants and Refugees website as it becomes available.
- The Employment Development Department (EDD) is launching a new call center, which will operate 7 days a week from 8:00 a.m. to 8:00 p.m. The center will help assist applicants, which also includes self-employed and independent contractors, with their unemployment insurance applications. Furthermore, EDD employees will help avert layoffs by expediting access to the Work Share program.
- California is taking the necessary steps so that residents receive appropriate care for COVID-19 (regardless of immigration status). Testing, evaluation, and treatment services are considered as emergency services under Medi-Cal. This ensures that Medi-Cal beneficiaries can receive inpatient and outpatient care at any location.
Keep reading: How an immigrant can pay taxes in the U.S.
COVID Stimulus for Undocumented Immigrants in California: Other Alternatives
Here are other available initiatives in California (some of them might already be closed).
|Name of Program||Program Description||Other Information|
|California Small Business COVID-19 Relief Grant Program||Grants ranging from $5,000 to $25,000 depending on their annual revenue exclusively for small businesses that have been affected by COVID-19. There will be 2 rounds:||Underserved small business groups have high chances of receiving the grant.|
|COVID Stimulus for Undocumented Immigrants in California: April 15 Announcement||The new COVID stimulus for undocumented initiatives will help support California workers who lost jobs or had wages reduced due to COVID. Because many undocumented Californians don’t have access to most stimulus packages due to their lack of SSN, the state decided to grant relief assistance to them.|
A statewide public-private partnership will provide aid to undocumented immigrants. Of the total $125 million in disaster relief assistance:
|How much can you get?|
Roughly 150,000 undocumented adult Californians are slated to receive a one-time benefit of $500, which is capped at $1,000 per household.
When can you apply?
Beginning on Monday, May 18, 2020, individuals can apply for this benefit. Regional nonprofits will assist in dispersing the funds to undocumented immigrant communities.
|Governor Announcement April 2, 2020||First-come, first-serve loans up to $10 million for small business owners. Borrowers should contact their lender for more details. Plus, State initiatives are totaling 17.8 million to support California workers (7.8 million to the LA region, 10 million statewide).||OnwardCa.org was launched to connect unemployed workers to more than 70,000 job opportunities. Also, a $50 million fund is available to small businesses that don’t qualify for federal relief.|
|LA Regional Food Bank||Use the partner agency locator to type in your address to receive food assistance. Sign up for CalFresh to receive other benefits.||Pantry distribution dates and times are subject to change.|
|Los Angeles City Small Business Emergency Microloan Program||Microloans available from $5,000 to $20,000 with interest rates from 0% to 3% ranging from 18 months to 60 months. Profit and tax-exempt businesses in the City of LA with 100 or fewer employees are eligible.||See website for eligibility requirements and required documentation.|
|California Department of Tax and Fee Administration||Small businesses can defer up to $50,000 of sales and use tax liability for 12 months. Qualifying businesses can choose interest-free payment plans.||Additionally, small business taxpayers have an additional 90 days to file and pay taxes. Businesses should call the CDTFA customer service center with any questions at 1-800-400-7115.|
|Ureeka Powering Up LatinX Business||Latinx small businesses can apply to be one of the lucky 500 businesses that will receive a $5,000 grant.|
You have until Oct. 14, 2020, to apply.
|People that receive the grant will also be able to access special coaching and resources (they will need to be able to dedicate 2 hours a month for the training).|
|Other COVID-19 Relief||Use this government site to find other types of help, such as emotional health resources, personal and small business financial relief, and information on different topics.||California is working around the clock to respond to COVID-19. The California National Guard is working at food banks, masks, and other gear are distributed to health care workers, and travel trailers and motels are providing housing to the homeless.|
Camino Financial is Committed to Helping You
Please remember that the above programs are subject to modification. You should review these programs frequently to stay up to date on any revisions.
We are headquartered in Los Angeles and have first-hand knowledge about how small businesses and communities have been affected by COVID-19. Many of our staff and members live and work in California alongside other residents and immigrants.
Our motto, “New Business Left Behind,” is especially meaningful during this crisis because we don’t want any business to suffer. Our bridge loans can help businesses survive and get beyond this disaster. We’ll be more than happy to help you! If you need funds to keep your business afloat, we invite you to get a quote.
We’ve also put together a detailed post detailing everything you need to know to help you protect your assets and manage your business.