COVID-19 Resources: Government

ValueRock is committed to work with our valued tenants and partners to work together to find solutions to the challenges we are collectively feeling at this time.   We have created this site for our tenants and partners to identify available resources from both governmental and private sources that are being established to aid small and mid-sized businesses for reference and informational purposes only.    Please return regularly as we will continue to provide updates as more resources become available. 

We also have Japanese, Chinese, Vietnamese and Korean speaking CMTE members that are willing to assist you! 

Federal, State and Local governments have established programs and are in the process of developing additional resources that may provide individuals and small and mid-sized businesses assistance to minimize the unprecedented economic impact of the novel Coronavirus Disease 2019 (COVID-19).   

We recommend that you conduct your own research and diligence any such programs that may become available for their respective applicability to your situation or business.   

Coronavirus Aid, Relief and Economic Security Act ("CARES") 

On March 27, 2020 the Federal Government passed the comprehensive CARES Act that provides a number of opportunities that benefit companies and their employees.   We encourage you to review these programs as they may be applicable to your situation or business.   

US Small Business Administration Loans

The CARES Act has created a separate SBA Loan option for those small businesses affected by the Coronavirus.  This new CARES created loan supplements the pre-existing SBA economic injury disaster loan (EIDL) loan program providing businesses the opportunity to apply to both, but will require you to select the one that is best suited for your business.    

  SBA Economic Injury Disaster Loan 

  • Application directly through the SBA Website

  • Up to $2 million in assistance for small business to help overcome the temporary loss of revenue they are experiencing.

  • Loans may be used to pay fixed debts, payroll, accounts payable, and other unmet liabilities due to the impact of Coronavirus.

  • Quoted interest rate of ~3.75% for small business without credit available elsewhere; businesses with credit available elsewhere are not eligible.

    • The interest rate for nonprofit organizations is 2.75%.

    • SBA offers loans with long-term repayments in order to keep payments affordable, up to a maximum of 30 years determined on a case by case basis.

SBA Paycheck Protection Program Loan under CARES Act

  • Application through either SBA online site or an SBA lending bank and/or financial institution, please contact your bank and/or financial institution to inquiry if they are a participating SBA institution.  ​​

  • This program has been extended through August 8th, 2020 if you have not had a chance to apply and/or if your business conditions may have changed where this program may suit your requirements. 

  • Borrow up to the lesser of (i)  $10 million or (ii) the businesses total monthly payroll costs averaged over a one-year period prior to the moan multiplied by 2.5 months in assistance to business's that were operational on February 15, 2020, and had employees for whom the business paid salaries and payroll taxes, or independent contractors, and is substantially impacted by public health restrictions related to COVID-19.

  • The loans may be used for Payroll, Group Health Care benefits and insurance premiums, salaries, commissions, payment of interest on mortgage obligations, rent / lease agreement payments, utilities, and interest on any other debt obligation incurred before the covered period. 

  • For the Restaurant and /or Hospitality industry there are expanded terms - please consult with SBA for more details.

To learn more please refer to the SBA Website where there are a number of additional resources including: 

State & Local Governmental Assistance

Many states and local governments are beginning to offer support to businesses and individuals impacted by the Coronavirus.  At present these are limited but the expectation in upcoming weeks as respective legislative bodies review and pass programs resulting in additional assistance to aid small business owners.

Please refer to your local and state governmental websites for programs that may pertain to your situation.    Below is a list of sites to the states in which ValueRock conducts business: 

Specific municipalities have loan and support programs available please consult your local city / county government sites.  

General Information and Checklists regarding the Coronavirus (Covid-19) 

The following are information resources that provide checklists and general health information that may be helpful to you and your business:

Additionally here are the links to State Departments of Health within the states that ValueRock conducts business: 

18301 Von Karman Ave, Suite 850 

Irvine, CA 92612

e:  info@valuerockrealty.com

p: (949) 221-1180

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