SACRAMENTO, Calif. – The U.S. Small Business Administration is offering low-interest federal disaster loans for working capital to California small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19), SBA Administrator Jovita Carranza announced today. SBA acted under its own authority, as provided by the Coronavirus Preparedness and Response Supplemental Appropriations Act that was recently signed by the President, to declare a disaster following a request received from Gov. Gavin Newsom’s designated representative, Director Mark S. Ghilarducci of the Governor’s Office of Emergency Services on March 13, 2020.
Please visit the website link here, if your business needs a loan to cover “economic injury” related to this COVID-19 declared disaster. https://disasterloan.sba.gov/ela
For more information about available SBA resources and services, and recommendations for businesses, please visit: SBA.gov/coronavirus.