SACRAMENTO, Calif.
– Victor Parker, acting regional administrator of the U.S. Small Business Administration’s (SBA) Regional Office, announced today that SBA has approved $1,004,500 in federal disaster loans for California small businesses due to the ocean conditions resulting in the delayed Commercial Dungeness Crab Season that was set to open on Nov. 15, 2015, and the Nov. 6, 2015, closure of the Commercial Rock Crab Fishery.
Low-interest federal disaster loans from SBA are available to help small businesses and private nonprofit organizations meet financial needs caused by the Commercial Dungeness Crab Season delay and the closure of the Commercial Rock Crab Fishery.
SBA offers working capital Economic Injury Disaster Loans (EIDL) of up to $2 million to help meet financial obligations and operating expenses which could have been met had the disaster not occurred. 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. Eligible business owners include: small businesses dependent on the catching or sale of crab, including suppliers of fishing gear and fuel, docks, boatyards, processors, wholesalers, shippers, and retailers, and other small businesses dependent on revenue from the above, Employees or crew members are not small businesses and are not eligible.
The interest rate is 4% for businesses and 2.625% for private nonprofit organizations with terms up to 30 years. The deadline to submit an EIDL application is
Nov. 2, 2016
.
These SBA disaster loans are available in Alameda, Alpine, Amador, Butte, Colusa, Contra Costa, Del Norte, El Dorado, Fresno, Glenn, Humboldt, Kern, Kings, Lake, Los Angeles, Marin, Mendocino, Merced, Monterey, Napa, Nevada, Placer, Plumas, Sacramento, San Benito, San Francisco, San Joaquin, San Luis Obispo, San Mateo, Santa Barbara, Santa Clara, Santa Cruz, Sierra, Siskiyou, Solano, Sonoma, Stanislaus, Sutter, Tehama, Trinity, Ventura, Yolo and Yuba in California; Douglas and Washoe counties in Nevada; and Curry and Josephine counties in Oregon.
Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at
https://disasterloan.sba.gov/ela
.
Disaster loan information and application forms are also available from SBA’s Customer Service Center by calling (800) 659-2955 or emailing
disastercustomerservice@sba.gov
. Individuals who are deaf or hard‑of‑hearing may call (800) 877-8339. For more disaster assistance information, or to download applications, visit
http://www.sba.gov/disaster
. Completed applications should be mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
SACRAMENTO, Calif.
– Victor Parker, acting regional administrator of the U.S. Small Business Administration’s (SBA) Regional Office, announced today that SBA has approved $1,004,500 in federal disaster loans for California small businesses due to the ocean conditions resulting in the delayed Commercial Dungeness Crab Season that was set to open on Nov. 15, 2015, and the Nov. 6, 2015, closure of the Commercial Rock Crab Fishery.
SACRAMENTO, Calif.
Low-interest federal disaster loans from SBA are available to help small businesses and private nonprofit organizations meet financial needs caused by the Commercial Dungeness Crab Season delay and the closure of the Commercial Rock Crab Fishery.
SBA offers working capital Economic Injury Disaster Loans (EIDL) of up to $2 million to help meet financial obligations and operating expenses which could have been met had the disaster not occurred. 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. Eligible business owners include: small businesses dependent on the catching or sale of crab, including suppliers of fishing gear and fuel, docks, boatyards, processors, wholesalers, shippers, and retailers, and other small businesses dependent on revenue from the above, Employees or crew members are not small businesses and are not eligible.
The interest rate is 4% for businesses and 2.625% for private nonprofit organizations with terms up to 30 years. The deadline to submit an EIDL application is
Nov. 2, 2016
.
Nov. 2, 2016
These SBA disaster loans are available in Alameda, Alpine, Amador, Butte, Colusa, Contra Costa, Del Norte, El Dorado, Fresno, Glenn, Humboldt, Kern, Kings, Lake, Los Angeles, Marin, Mendocino, Merced, Monterey, Napa, Nevada, Placer, Plumas, Sacramento, San Benito, San Francisco, San Joaquin, San Luis Obispo, San Mateo, Santa Barbara, Santa Clara, Santa Cruz, Sierra, Siskiyou, Solano, Sonoma, Stanislaus, Sutter, Tehama, Trinity, Ventura, Yolo and Yuba in California; Douglas and Washoe counties in Nevada; and Curry and Josephine counties in Oregon.
Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at
https://disasterloan.sba.gov/ela
.
Disaster loan information and application forms are also available from SBA’s Customer Service Center by calling (800) 659-2955 or emailing
disastercustomerservice@sba.gov
. Individuals who are deaf or hard‑of‑hearing may call (800) 877-8339. For more disaster assistance information, or to download applications, visit
http://www.sba.gov/disaster
. Completed applications should be mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.