Disaster recovery loans from the U.S. Small Business Administration (SBA) are now available to Los Angeles County businesses who suffered physical damage or economic injury due to the civil unrest incidents that began on May 26, 2020.
Businesses of all sizes and private nonprofit organizations may borrow up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory and other business assets. SBA low interest loans can also help businesses with the cost of improvements to protect, prevent or minimize the same type of disaster damage from occurring in the future.
There are two important deadlines to apply for assistance from SBA. Business owners must file an application by August 17, 2020 for property damage applications and by March 17, 2021 for economic injury applications. There are several ways to apply:
- Complete an application online at sba.gov
- Call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance.
- Individuals who are deaf or hard‑of‑hearing may call (800) 877-8339.
The SBA is also offering assistance through their Virtual Disaster Loan Outreach Center at
FOCWAssistance@sba.gov
. SBA disaster loans are only available for damages and losses due to the civil unrest that began May 26, 2020, and not for COVID-19 related losses.
If you need assistance with your application, visit the Los Angeles County Disaster Help Center at
lacountyhelpcenter.org
.
