To Our Tenants:
For the last 40 years we have taken great pride in being a responsive and supportive property manager and owner.
It has always been our philosophy that we are at our best when we work together, and that is true now more than ever before. We will do our best to be a valued partner to you and your business, until we get past these uncertain times.
Below you will find information that may be helpful to you, to assure the success of your business. We want nothing more than for you to succeed. When you are impacted as a tenant, we are impacted as your landlord. Your success is our success.
If you need our support taking advantage of these resources to help get you through the next few months, please let us know. Meanwhile, please check back here regularly, as we will provide ongoing updates as more information and additional resources become available.
The United States federal and state governments have established programs that may provide individuals
and small and mid-sized businesses assistance to minimize the economic impact of the novel Coronavirus Disease 2019 (COVID-19). We encourage you to research any such programs that may be applicable to your situation or business. One of the major programs is through the U.S. Small Business Administration, which will provide capital and liquidity to certain businesses affected by the coronavirus through Economic Injury Disaster Loans. San Diego County has been designated an area eligible for disaster assistance, according to the SBA. Sudberry Properties is providing this content for information purposes only.
In response to the COVID-10 pandemic, on March 27, 2020 the federal government passed the CARES Act into law (Coronavirus Aid, Relief, and Economic Security).
The small business owner’s guide to the CARES Act can be found here.
The SBA and Treasury Department have initiated a robust mobilization effort of banks and other lending institutions to provide small businesses with the capital they need. The CARES Act establishes a new $349 billion Paycheck Protection Program. The Program will provide much-needed relief to millions of small businesses so they can sustain their operations and keep their workers employed. More information can be found on the Treasury’s CARES Act website.
For a top-line overview of the program CLICK HERE
If you’re a lender, more information can be found HERE
If you’re a borrower, more information can be found HERE
The application for borrowers can be found HERE
Press Release: With $349 Billion in Emergency Small Business Capital Cleared, Treasury and SBA Begin Unprecedented Public-Private Mobilization Effort to Distribute Funds HERE
Press Release: Treasury Encourages Businesses Impacted by COVID-19 to
Use Employee Retention Credit HERE
Information for Businesses:
SBA: COVID-19 Resources
Small Business Administration Assistance
Visit the U.S Small Business Association (SBA) website for guidance for businesses and employers impacted
by COVID-19. The SBA is offering low-interest federal disaster loans for working capital to California small businesses suffering substantial economic injury as a result of COVID-19.
On the SBA website, you will find:
The San Diego District Office
550 West C Street Suite 550
San Diego, CA
Phone: 619-557-7250 or 619-727-4883
The SBA’s Local Assistance Directory can connect you to several local partners to counsel, mentor, and train small businesses. To research local mentors, click here.
State of California Assistance
California is offering assistance for businesses and individuals impacted by COVID-19.
You can access such information through this link.
The California Small Business Development Center offers a COVID-19 Small Business Survival Guide.
County of San Diego Information
The County of San Diego is providing updated information on the COVID-19 outbreak.
If you would like Coronavirus updates from the County of San Diego, text:
COSD COVID19 to 468-311
City of San Diego Assistance
San Diego is providing economic assistance for businesses affected by COVID-19. Click here for information.
SDG&E Supports Business and Residents with assistance.
Restaurants and local businesses can reach out to loyal customers via social media, virtual communication, and amended operations that address the current situation. Here’s a few options that might work for your business:
Pickup (For Restaurants): Curbside or “contact-less” pickup can be a good way to distribute food without the delivery fees or hassle. Additionally, pick-up can be facilitated for large meals or freezer-ready meals customers can store during their time at home. One way to do this is to promote phone-in or online orders via social media or use tools like SwipeBy to setup food delivery.
Delivery (For Restaurants): More restaurants are opting into “no-contact” delivery. Among the many delivery options, it was announced that GrubHub is waiving delivery fees; if you aren’t already, consider becoming a GrubHub partner to access fee-free delivery here.
Gift Cards and Merchandise: To offer support, consumers have demonstrated an interest in buying gift cards at local businesses. Supportrestaurants.org has launched a “dining bonds” program. Square allows customers to create digital gift cards and Kabbage also launched a free gift card portal where business owners can access earnings immediately. If your business sells branded merchandise such as hats or shirts, this is another great way to generate customer support. If delivery isn’t an option, merchandise could be reserved for later pickup. Use your existing social media platforms to inform your customer base.
The Restaurant Workers’ Community Foundation, a nonprofit advocacy group for restaurant operators and workers, has created a list of resources for restaurants and workers coping with the COVID-19 crisis. The frequently updated page includes information on relief funds, small business loans, news and more.
The California Restaurant Assn. Foundation, a nonprofit that supports the state’s restaurant workforce through educational grants, has an emergency loan program called Restaurant Cares to help restaurant workers cover basic living expenses.
Other Assistance Programs
We continue to learn about additional resources coming available every day. Alternatives such as Intuit QuickBooks Capital, Square Capital, Kabbage, and Toast are working diligently to offer more assistance. Facebook also announced they will be offering loans to qualifying businesses, with details to be updated here. We encourage you to research into what makes the most sense for your business, with several options listed below:
Intuit Small Business Funding (for QuickBooks customers): If you are a QuickBooks customer with personal and business credit history and revenue of at least $50,000 over the past 12 months, you may be eligible for a loan up to $100,000. Apply here.
Square Capital Financing: If you are a Square customer, Square Capital supports eligible businesses with loans between $500-$250,000. Log in to your Square Dashboard, or learn more here.
Kabbage Line of Credit: Kabbage provides small businesses with a simple online application that can be paid over 6, 12, or 18 months with no origination fees. If it makes sense for your business, you can explore applying to a line of credit up to $250,000 here.
Bank Relief: A list of some banks providing relief during this time can be found here in this article from Forbes.
Crowdfunding: Some businesses are appealing to crowds of loyal customers, donors, and communities that can contribute to their business via crowdfunding platforms. GoFundMe has compiled COVID-19-related efforts here.