SBA Offering Low-Interest Disaster Loans to Businesses Effective by Monterey Park Mass Shooting
The U.S. Small Business Administration (SBA) is offering low-interest disaster loans to non-farm businesses of all sizes, small agricultural cooperatives, small businesses engaged in aquaculture, and most private, non-profit organizations of all sizes, who suffered financial impacts caused by the Monterey Park Mass Shooting and Related Investigation that occurred January 21 through January 28. Loans are available for: Economic Injury: only for small businesses, small agricultural cooperatives and most private non-profit organizations of all sizes suffering adverse financial impacts of the disaster, up to $2,000,000 for working capital to help pay ordinary and necessary financial obligations that cannot be met as a direct result of the disaster. These loans are intended to assist through the disaster recovery period until normal operations resume.
The center will provide a one-stop location for businesses to access a variety of specialized help. SBA customer service representatives will be at the following location to meet with each disaster survivor. SBA will answer specific questions about how a disaster loan may help each survivor recover from the disaster damage and will provide one-on-one assistance in completing applications for these loans. Chinese, Vietnamese, Korean, Thai, and Spanish interpretations will be available.
LOS ANGELES COUNTY
Business Recovery Center
Barnes Park Service Club House
440 S McPherrin Avenue
Monterey Park, CA 91754
Mondays through Thursdays, 11 a.m. – 7 p.m.
Open Monday, June 5 through Thursday, June 15
For more information, contact SBA’s Disaster Assistance Customer Service Center at (800) 659-2955 or firstname.lastname@example.org
CA 17860 (Los Angeles County)