Small companies hit economically by the oil spill within the pipeline off the southern California coast are actually eligible for federal catastrophe loans from the US Small Enterprise Administration.
A digital enterprise restoration heart might help decide eligibility for this system made doable by a post-oil catastrophe assertion off the coast of Huntington Seashore. The Catastrophe Assertion makes SBA help out there within the Los Angeles, Orange, San Diego, Riverside, and San Bernardino counties.
The applying deadline for the loans is July twenty seventh.
Eligibility relies solely on the monetary affect of the catastrophe and never on precise property harm. These loans have an rate of interest of two.855% for small companies and a couple of% for personal nonprofits with a time period of as much as 30 years and are restricted to small companies which have the monetary means to offset the detrimental results with out harshness.
The oil spill started on October 2 off the coast close to Huntington Seashore in Orange County.
“Small non-agricultural companies, small agricultural cooperatives, small aquaculture companies, and most personal nonprofits of all sizes can qualify for disaster loans of as much as $ 2 million to cowl monetary obligations and working bills that might not have occurred within the catastrophe, “mentioned Tanya Garfield, director of the SBA’s Catastrophe Area Operations Heart-West. “These loans can be utilized to pay fastened money owed, payrolls, liabilities, and different payments that can not be paid because of the results of the catastrophe.” ‘ She mentioned.
Candidates for the loans can apply on-line, get extra catastrophe aid info, and obtain functions. Candidates can even name the SBA Buyer Service Heart at 800-659-2955 or electronic mail desastercustomerservice@sba.gov for extra info on SBA Catastrophe Aid.
The deaf or onerous of listening to can name 800-877-8339.
Accomplished functions must be mailed to the US Small Enterprise Administration, Processing and Disbursement Heart, 14925 Kingsport Highway, Fort Price, Texas, 76155.
