Disaster loans from the U.S. Small Business Administration (SBA) are now available to Sacramento County businesses economically impacted by civil unrest that began May 26, 2020.
- Eligibility 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 small businesses and 2.75 percent for private nonprofit organizations with terms up to 30 years and are restricted to small businesses without the financial ability to offset the adverse impact without hardship.
- 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
- The deadline to apply for economic injury is April 7, 2021.
Applicants may apply online, receive additional disaster assistance information and download applications at https://disasterloanassistance.sba.gov/. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email [email protected] for 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 Virtual Business Recovery Center is available to answer questions about the SBA’s disaster loan program, explain the application process and help each individual complete their electronic loan application.