Editor’s Note: BenitoLink has been notified by the US Small Business Administration (SBA) on Feb 14, that some of the previously published info provided by the Business Council was not fully accurate. The SBA provided the following information as a correction:
The Small Business Administration is only offering economic injury disaster loans for businesses and non-profit organizations for San Benito as it is a contiguous county of Monterey. The economic injury loan is a working capital loan that offers up to $ 2 million. If a business was closed and suffered any economic loss in time of the disaster, they can receive these loans. Attached is the fact sheet in both English and Spanish indicating in all information and below.
We are assisting our survivors who had suffered from the December 27 severe storms, flooding, landslides, and mudslides can receive disaster assistance.
SBA continues to offer disaster assistance by way of low-interest Federal loans to those affected by the severe storms, tornadoes and flooding. For Economic Injury Disaster Loan, the deadline is October 16 , 2023.
Economic Injury: for businesses and private non-profit organizations suffering adverse financial impacts of the disaster (with or without property loss), up to $2,000,000 for working capital to help pay obligations until normal operations resume.
- For additional information please visit our website on Economic Injury Disaster Loans (sba.gov).
Interest rates on this disaster is as low as 3.305 percent for businesses, 2.375 percent for private nonprofit organizations with terms up to 30 years.
Applicants may apply online or Disaster Recovery Center, 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 disastercustomerservice@sba.gov for more information on SBA disaster assistance. Individuals who are deaf or hard-of-hearing may call (7-1-1).
Attached are digital copies of information you might find helpful. Please feel free to copy and distribute as you see fit and to post this information onto your web page.
If you would like a meeting or have any further questions about SBA disaster assistance. The best way to reach SBA Public Information Officer, Barbara Nitis is on this cell, (571) 752-0660, or by email, barbara.nitis@sba.gov. – Barbara Nitis/SBA