{"id":203,"date":"2021-07-01T11:54:37","date_gmt":"2021-07-01T11:54:37","guid":{"rendered":"https:\/\/www.mysetaside.com\/newsevents\/?p=203"},"modified":"2021-07-01T11:54:39","modified_gmt":"2021-07-01T11:54:39","slug":"sba-economic-injury-disaster-loans-available-to-california-small-businesses-due-to-reduced-revenues-caused-by-drought","status":"publish","type":"post","link":"https:\/\/www.mysetaside.com\/news-and-events\/sba-economic-injury-disaster-loans-available-to-california-small-businesses-due-to-reduced-revenues-caused-by-drought\/","title":{"rendered":"SBA Economic Injury Disaster Loans Available to California Small Businesses Due to Reduced Revenues Caused by Drought"},"content":{"rendered":"\n
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\nOrange, Riverside & San Bernardino Counties included <\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/a>\n\n\n\n
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\nNEWS RELEASE<\/span><\/h1>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n

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\nDisaster Field Operations Center West<\/h2>\n

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Release Date:  June 30, 2021<\/td>\n\n

\nContact: Richard A. Jenkins<\/strong><\/p>\n

\nRichard.Jenkins@sba.gov<\/a> <\/strong><\/p>\n

\n               (916) 735-1500<\/p>\n<\/td>\n<\/tr>\n

Release Number: : CA 17007-01<\/td>\nFollow us on <\/strong>\nTwitter<\/a>,\n\nFacebook<\/a>, \nBlogs<\/a> & \nInstagram<\/a> <\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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\nSBA Economic Injury Disaster Loans Available to California Small Businesses<\/h1>\n

\n Riverside, Orange & San Bernardino Counties included<\/em><\/h3>\n<\/td>\n<\/tr>\n

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\nSACRAMENTO, Calif.<\/strong> \u2013 Small nonfarm businesses in Imperial, Los Angeles, Orange, Riverside, San Bernardino and San Diego counties are now eligible to apply for low\u2011interest federal disaster loans from the U.S. Small Business Administration,\n announced Director Tanya N. Garfield of SBA\u2019s Disaster Field Operations Center-West. These loans offset economic losses because of reduced revenues caused by drought in Orange and San Diego Counties that began April 6, 2021.<\/p>\n

\nSBA 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,\u201d Garfield said.<\/p>\n

\nSmall 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\n operating expenses which could have been met had the disaster not occurred.<\/p>\n

\n\u201cEligibility for these loans 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 businesses and 2 percent for private nonprofit organizations, a maximum term of 30 years\n and are available to small businesses and most private nonprofits without the financial ability to offset the adverse impact without hardship,\u201d Garfield said.<\/p>\n

\nBy law, SBA makes Economic Injury Disaster Loans available when the U.S. Secretary of Agriculture designates an agricultural disaster. The Secretary declared this disaster on June 22, 2021.<\/p>\n

\nBusinesses primarily engaged in farming or ranching are not eligible for SBA disaster assistance. Agricultural enterprises should contact the Farm Service Agency about the U.S. Department of Agriculture assistance made available by the Secretary\u2019s declaration.\n However, nurseries are eligible for SBA disaster assistance in drought disasters.<\/p>\n

\nApplicants may apply online, receive additional disaster assistance information and download applications at\n\nhttps:\/\/disasterloanassistance.sba.gov\/<\/a>. Applicants may also call SBA\u2019s Customer Service Center at (800) 659-2955 or email\n\ndisastercustomerservice@sba.gov<\/em><\/a> for more information on SBA disaster assistance. Individuals who are deaf or hard\u2011of\u2011hearing may call (800) 877-8339. Completed applications should be mailed to U.S. Small Business Administration, Processing and\n Disbursement Center, 14925 Kingsport Road, Fort Worth, TX  76155.<\/p>\n

\nThe deadline to apply for economic injury is Feb. 22, 2022.<\/p>\n

\n###<\/p>\n

\nAbout the U.S. Small Business Administration<\/strong><\/p>\n

\nThe 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\n 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\n more, visit \nwww.sba.gov<\/a>.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n<\/div>\n","protected":false},"excerpt":{"rendered":"

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\nOrange, Riverside & San Bernardino Counties included <\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

<\/a><\/p>\n\n\n\n
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\n <\/p>\n

\nHaving trouble viewing this email?
\nView it as a Web page<\/a>.<\/p>\n

\n <\/p>\n

\"u\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n

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\nNEWS RELEASE<\/span><\/h1>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n

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\nDisaster Field Operations Center West<\/h2>\n

\n <\/p>\n\n\n\n\n
Release Date:  June 30, 2021<\/td>\n\n

\nContact: Richard A. Jenkins<\/strong><\/p>\n

\nRichard.Jenkins@sba.gov<\/a> <\/strong><\/p>\n

\n               (916) 735-1500<\/p>\n<\/td>\n<\/tr>\n

Release Number: : CA 17007-01<\/td>\nFollow us on <\/strong>
\nTwitter<\/a>,
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\nFacebook<\/a>,
\nBlogs<\/a> &
\nInstagram<\/a> <\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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