Economic Injury Disaster Loans Available To Small Businesses
Small nonfarm businesses in 26 California counties and a neighboring Nevada county are now eligible to apply for low-interest federal disaster loans from the U.S. Small Business Administration. These loans offset economic losses because of reduced revenues caused by drought in the following primary counties that began Oct. 1, 2016, announced Director Tanya N. Garfield of SBA’s Disaster Field Operations Center - West.
Primary California counties include: Alameda, Amador, Colusa, Contra Costa, El Dorado, Lake, Sacramento, Santa Cruz, Solano and Yolo. Neighboring California counties are: Alpine, Butte, Calaveras, Glenn, Mendocino, Monterey, Napa, Placer, San Benito, San Francisco, San Joaquin, San Mateo, Santa Clara, Sonoma, Stanislaus and Sutter, while Douglas is the neighboring county in Nevada.
“SBA eligibility covers both the economic impacts on businesses dependent on farmers and ranchers that have suffered agricultural production losses caused by the disaster and businesses directly impacted by the disaster,” Garfield said.
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.
Applicants may apply online using SBA’s secure website at https://disasterloan. sba.gov/ela.
Disaster loan information and application forms are also available from SBA’s Customer Service Center by calling (800) 659-2955 or emailing email@example.com.
The deadline to apply for these loans is Nov. 22, 2017.