COVID-19 – Federal Resources
US Small Business Administration (SBA) Disaster Loan Program | SBA disaster assistance is now available to all counties within the state of California and the neighboring counties below. Eligibility for Economic Injury Disaster Loans is based on the financial impact of the Coronavirus (COVID-19). The interest rate is 3.75 percent for small businesses. The interest rate for private non-profit organizations is 2.75 percent. SBA offers loans with long-term repayments in order to keep payments affordable, up to a maximum of 30 years and are available to entities without the financial ability to offset the adverse impact without hardship.
US Small Business Administration (SBA) Economic Injury Disaster Loans | Available to businesses directly affected by the disaster, offer services directly related to the businesses targeted in the emergency declaration, other business indirectly related to the industry that are likely harmed by losses in their community. This will help meet capital needs caused by the declared disaster and help pay financial obligations and operating expenses had the disaster not occurred. EIDL does not replace lost revenue, profits or fund expansions. Loans limited to $2m, less business interruption insurance and other recoveries.
FEMA | Businesses can being applying for FEMA Disaster Assistance while we await a disaster declaration to release these funds.