Community Corner
Campell Accepts Small Business Economic Injury Disaster Loan Applications
The Small Business Administration (SBA) provides Economic Injury Disaster Loans up to $2 million to help meet financial obligations.
March 27, 2020
The Small Business Administration (SBA) provides Economic Injury Disaster Loans up to $2 million to help meet financial obligations and operating expenses that could have been met had a disaster not occurred. Small businesses, small agricultural cooperatives and most private non-profit organizations in Santa Clara County can apply for loans if the SBA determines businesses are unable to obtain credit elsewhere.
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Key Details
- Maximum Loan Amount: Up to $2 million
- Term: 30 years at 3.75% for small business and 2.75% for non-profits
- Application Deadline: December 16, 2020
- Loan payment deferred up to one year from date loan is received
Preparing and Applying for an SBA Loan
The Small Business Development Center of Silicon Valley (SVSBDC) can help applicants through the application process.
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This press release was produced by the City of Campbell. The views expressed here are the author’s own.
