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California Rebuilding Fund Launches to Help Small Businesses Survive

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Photo by Alev Takil

On Friday, the State of California launched the California Rebuilding Fund to help keep small businesses afloat during this awful pandemic. Nearly 4 million small businesses need access to money now that the federal relief is running out and Snitch McConnell is holding up the next stimulus bill in Congress.

According to KTVU, “The California Rebuilding Fund began accepting applications at noon Friday for loans of up to $100,000 with a 4.25% interest rate over five years. To qualify, small businesses must have 50 or fewer full-time equivalent employees (FTEs) and 2019 revenues of less than $2.5 million.”

The direness of the financial situation of many small businesses should not be a surprise to anyone. Entire industries like nightlife, conventions, and tourism have been utterly destroyed while bars, restaurants, and retailers are closing shop in heartbreaking numbers. This is why it is so incredibly important that you do NOT shop on Amazon for the holidays this year.

If you’re looking for more information about the California Rebuilding Fund and you want to apply, you can do that right here.

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Broke-Ass Stuart - Editor In Cheap

Broke-Ass Stuart - Editor In Cheap

Stuart Schuffman, aka Broke-Ass Stuart, is a travel writer, poet, TV host, activist, and general shit-stirrer. His website is one of the most influential arts & culture sites in the San Francisco Bay Area and his freelance writing has been featured in Lonely Planet, Conde Nast Traveler, The Bold Italic, and too many other outlets to remember. His weekly column, Broke-Ass City, appears every other Thursday in the San Francisco Examiner. Stuart’s writing has been translated into four languages. In 2011 Stuart created and hosted the travel show Young, Broke, and Beautiful on IFC and in 2015 he ran for Mayor of San Francisco and got nearly 20k votes.

He's been called "an Underground legend": SF Chronicle, "an SF cult hero":SF Bay Guardian, and "the chief of cheap": Time Out New York.