It has been heartbreaking to see the devastating impact of the California wildfires on families and businesses. The destruction and loss have been immense, leaving homeowners, renters, and businesses with the challenging task of rebuilding. The U.S. Small Business Administration (SBA) offers relief through emergency loans following President Joe Biden’s declaration of these wildfires as a natural disaster. This declaration covers communities deeply impacted, including Los Angeles and the neighbouring counties of Kern, Orange, San Bernardino, and Ventura.
Businesses of all sizes and Private Nonprofit (PNP) organizations can access loans to repair or replace damaged property, equipment, inventory, or other assets. The SBA also provides Economic Injury Disaster Loans (EIDLs) to small businesses, agricultural cooperatives, aquaculture businesses, and most PNP organizations to cover working capital needs caused by the disaster—even when there is no physical damage. These loans can help with fixed debts, payroll, accounts payable, and other essential expenses, with loan amounts of up to $2 million.
Key loan details include:
The SBA urges applicants to apply as soon as possible, as applications are processed in the order they are received. If your business has been affected and you need guidance, Boundless is here to support you every step of the way during this challenging time.
.png)
