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SBA Amends Disaster Declaration Offers Disaster Assistance to San Diego County Small Businesses Economically Impacted by Civil Unrest

8/11/2020

 
SACRAMENTO, Calif. – Tanya Garfield, Director of the U.S. Small Business Administration’s Field Operations Center-West announced today that low-interest federal disaster loans are now available to San Diego County small businesses affected by the civil unrest that began May 26, 2020. SBA acted under its own authority to amend its July 7 declaration following a request received from Gov. Gavin Newsom’s designated representative, Mark S. Ghilarducci, director of the Governor’s Office of Emergency Services on July 24, 2020.
The disaster declaration makes SBA assistance available in Amador, Contra Costa, El Dorado, Imperial, Orange, Placer, Riverside, Sacramento, San Diego, San Joaquin, Solano, Sutter and Yolo counties.
 
“SBA is strongly committed to providing the most effective and customer-focused response possible to assist California small businesses with federal disaster loans. We will be swift in our efforts to help these small businesses recover from the financial impacts of this disaster,” said Garfield.
 
In response to the Coronavirus pandemic, for this disaster SBA will establish a virtual Business Recovery Center to answer questions about SBA’s disaster loan program, explain the application process and help each individual complete their electronic loan application.
 
Virtual Business Recovery Center
Mondays – Fridays
8 a.m. – 4:30 p.m.
[email protected]
(916) 735-1500
These services are only available for the California disaster declaration as a result of civil unrest that began May 26, 2020, and not for COVID-19 related assistance.
 
“Small nonfarm businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations of any size may qualify for Economic Injury Disaster Loans of up to $2 million to help meet financial obligations and operating expenses which could have been met had the disaster not occurred,” Garfield continued.
 
“These loans may be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact. Disaster loans can provide vital economic assistance to small businesses to help overcome the temporary loss of revenue they are experiencing,” Garfield added.
 
Eligibility is based on the financial impact of the disaster only and not on any actual property damage. These loans have an interest rate of 3 percent for small businesses and 2.75 percent for private nonprofit organizations with terms up to 30 years and are restricted to small businesses without the financial ability to offset the adverse impact without hardship.
 
Applicants may apply online, receive additional disaster assistance information and download applications at 
https://disasterloanassistance.sba.gov/. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email [email protected] for more information on SBA disaster assistance. Individuals who are deaf or hard‑of‑hearing may call (800) 877-8339. Completed applications should be mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX  76155.
 
The deadline to apply for economic injury is April 7, 2021.
 
###
 
About the U.S. Small Business Administration
The U.S. Small Business Administration makes the American dream of business ownership a reality. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.
Carl Reyes link
11/9/2022 09:35:26 am

Disaster loans can provide vital economic assistance to small businesses to help overcome the temporary loss of revenue they are experiencing, I truly appreciate your great post!


Comments are closed.
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928 N. Coast Highway | Oceanside, CA 92054
760-722-1534 | [email protected]
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Picture
  • About Us
    • Advocacy >
      • Chamber Political Action Committee
      • Public Policy Guidelines
    • Our Work >
      • 2024 Annual Report
      • Committees - Task Forces - Forums
    • Oceanside Young Professionals
    • Oceanside Leadership Academy
    • Workforce Development >
      • SOCAL Workforce
      • Pooled Employer Plan
      • Kindness
      • Frontline Friendly
    • Chamber Staff
    • Privacy Policy
  • Membership
    • Member Portal
    • Business Directory >
      • All Categories
      • Coupons
      • New Members
    • Application
    • Testimonials
    • Digital Plaque - Oceanside Chamber Member
  • Events
    • Signature Chamber Events >
      • Meet the City of Oceanside
      • Armed Forces Day Operation Appreciation
      • Coastal Business Expo
      • North County Health Fair
      • Heroes of Oceanside and Camp Pendleton
      • Oceanside Senior Showcase
      • Rising Star Student Program
    • Monthly Chamber Events
    • Oceanside Community Events
    • Annual OCC Mixer Passs
  • Media
    • Publications >
      • Best of Oceanside Magazine
      • Military Publications
    • Advertising Your Business
    • Member News
    • Blog
  • Oceanside
    • About Oceanside >
      • History of Oceanside
      • Demographics
      • Arts and Culture
      • Education
      • Employment
      • Health Care
      • Religious Organizations
      • Local Government and Services
      • Retiring in Oceanside
      • Oceanside Maps
    • Visitor Information >
      • Beaches
      • Accommodations
      • Groups and Meeting
    • Things to Do >
      • Oceanside Events >
        • Downtown History Walks
        • Farmers Market
        • Sunset Market
      • Shopping >
        • Coupons
      • Dining
      • Surfing
      • Regional Attractions
    • Volunteer Opportunities
  • Resources
    • Community Resources
    • Local Business Resources
    • Military Resources
    • Sustainability Resources