New SBA Loan For Disaster Relief

If your businesses suffered physical damage or economic injury due to the civil unrest incidents that began on May 26, 2020, you may qualify for a new loan from the U.S. Small Business Administration (SBA).

Loans up to $2 million are being blended to businesses big and small as well as to nonprofit organizations. This is to aid you in repairs or making necessary replacements to the real estate property of your business.

It also covers machinery and equipment, inventory, and other business assets.

Additionally, the SBA low-interest loans offer to cover the costs for protecting your business from the same type of damage should it occur in the future.

PLEASE NOTE THE FOLLOWING DEADLINES:

Business owners must file an application by August 17, 2020, for property damage applications and by March 17, 2021, for economic injury applications.

Here are the ways you can apply:

-Complete an application online at sba.gov

-Call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance.
-Individuals who are deaf or hard‑of‑hearing may call (800) 877-8339.

Contacting SBA Customer Assistance:

Should you need any assistance you can reach the SBA’s Virtual Disaster Loan Outreach Center at FOCWAssistance@sba.gov

For help filling out your application reach out to the Los Angeles County Disaster Help Center at lacountyhelpcenter.org.

PLEASE NOTE:

SBA disaster loans are only available for damages and losses due to the civil unrest that began May 26, 2020, and not for COVID-19 related losses.

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