SBA Disaster Loan Updates – Los Angeles County Economic Development Corporation

LA Chamber’s CEO Maria Salinas and LAEDC CEO Stephen Cheung met with US SBA Administrator Isabel Guzman to discuss the emergency disaster resources that will be available to the Los Angeles region immediately. Several disaster loan options are available for businesses as well as homeowners and renters with potential deferment of payment and interest for up to a year! 22 SBA Assistance Centers will be opened in LA County.

Details are contained in the attached fact sheets and press release. Centers will begin opening next week but anyone can apply for assistance now (online). Quick link: Disaster assistance | U.S. Small Business Administration

• Business Physical Disaster Loans – Loans to businesses to repair or replace disaster-damaged property owned by the business, private and non-profit organizations.
• Economic Injury Disaster Loans (EIDL) – Working capital loans to meet ordinary and necessary financial obligations that cannot be met as a direct result of the disaster.
• Home Disaster Loans – Loans to homeowners or renters to repair or replace disaster-damaged real estate and personal
property, including automobiles.

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RESOURCE PDFS

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CA 20953 Spanish Fact Sheet (Presidential)

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RESOURCE PDFS

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