SACRAMENTO (CBS13) — The deadline is approaching for businesses affected by last summer’s civil unrest to apply for a federal disaster loan.
Loans are available for businesses in several local counties including Amador, Contra Costa, El Dorado, Placer, Sacramento, San Joaquin, Solano, Sutter and Yolo. Small nonfarm businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations of any size are eligible for the Economic Injury Disaster Loans up to $2 million.READ MORE: 'Prime Suspect' Paul Flores Arrested In 1996 Disappearance Of Kristin Smart; Still No Remains Found
The loans can be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid due to the disaster’s impact. Loans will have a 3% interest rate from businesses and 2.75% rate for private nonprofits, with terms up to 30 years.READ MORE: Sacramento Hires Inspector General To Independently Review Police Use Of Force Cases
Officials say assistance is available even if the business did not suffer property damage.MORE NEWS: Lack Of Healthy Players Cuts Davis High School Football Season Short
Businesses can apply online through April 7. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email email@example.com for more information on SBA disaster assistance.