SACRAMENTO, Calif. – The U.S. Small Business Administration is offering low-interest federal disaster loans for working capital to all California small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19), SBA Administrator Jovita Carranza announced today.
SBA disaster assistance is now available to all counties within the state of California and the neighboring counties below.
Neighboring Arizona counties: La Paz, Mohave and Yuma;
Neighboring Nevada counties: Clark, Douglas, Esmeralda, Lyon, Mineral, Nye and Washoe;
Neighboring Oregon counties: Curry, Jackson, Josephine, Klamath and Lake
“SBA is strongly committed to providing the most effective and customer-focused response possible to assist California small businesses with federal disaster loans. We will be swift in our efforts to help these small businesses recover from the financial impacts of the Coronavirus (COVID-19),” said Administrator Carranza.
SBA Customer Service Representatives will be available to answer questions about SBA’s Economic Injury Disaster Loan program and explain the application process.
“Small businesses, private non-profit organizations of any size, small agricultural cooperatives and small aquaculture enterprises that have been financially impacted as a direct result of the Coronavirus (COVID-19) since Jan. 31, 2020, 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,” said Carranza.
“These loans may be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact. Disaster loans can provide vital economic assistance to small businesses to help overcome the temporary loss of revenue they are experiencing,” Carranza added.
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.
Applicants may apply online, receive additional disaster assistance information and download applications at https://disasterloan.sba.gov/ela. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email email@example.com more information on SBA disaster assistance. Individuals who are deaf or hard‑of‑hearing may call (800) 877-8339. Completed applications should be mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
The deadline to apply for an Economic Injury Disaster Loan is Dec. 16, 2020.
For more information about Coronavirus, please visit: Coronavirus.gov.
For more information about available SBA resources and services, please visit: SBA.gov/coronavirus.
About the U.S. Small Business Administration
The 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 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 more, visit www.sba.gov.
During the outbreak of the coronavirus (COVID-19), the American Red Cross is working to continue delivering on their mission, including the collection of lifesaving blood. However, they have had a staggering number of scheduled Red Cross blood drives cancelled as many people are now working from home in support of social distancing.
Disruptions to blood donations can lead to shortages and cause delays in essential medical care. As of 3/18/2020, about 4,500 blood drives, representing approximately 150,000 fewer blood donations, have been canceled in the U.S. due to COVID-19 concerns.
Like a hospital, grocery store, or pharmacy, a blood drive is vital to ensuring the health of the community, and blood drives are continuing to be held during this challenging time to help meet patient needs. The Red Cross recommends people leave home only for necessities—be they health care, groceries, or blood donation.
During an NBC News interview yesterday, the U.S. Surgeon General stressed the importance of giving blood and why people should feel comfortable leaving home to do so.
“You can still go out and give blood. Social distancing does not have to mean social disengagement” - VADM Jerome M. Adams, U.S. Surgeon General
There are two critical requests:
1. They need your help encouraging companies and organizations to continue to hold existing blood drives or schedule new ones.
2. They also need your help to encourage your community to donate lifesaving blood.
To help overcome some of the concerns about collecting blood, the Red Cross has also taken additional steps to ensure the safety of staff and donors at each Red Cross blood drive. These steps and more can be found in What to Know About Coronavirus Disease 2019 and Blood Donation Safety at RedCrossBlood.org.
Those who are healthy, feeling well and eligible to give blood or platelets, are urged to make an appointment to donate as soon as possible by using the Red Cross Blood Donor App, visiting RedCrossBlood.org or calling 1-800-RED CROSS (1-800-733-2767)
The Oregon Health Authority is responding to an outbreak of respiratory illness caused by a novel coronavirus, called COVID-19.
Remember, viruses don't discriminate, and they cannot target people from specific populations, ethnicities or racial backgrounds.