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CORRECTION: Small Business Administration loans available to businesses for drought losses

CORRECTION: Small Business Administration loans available to businesses for drought losses

Author: SuperUser Account/Monday, March 06, 2017/Categories: Uncategorized, Living, Working, Government

RIVERSIDE – Small, non-farm businesses in Riverside County that encountered economic losses as a result of California’s drought, are eligible to apply for low-interest loans from the Small Business Administration (SBA). These loans are intended to augment reduced business revenue caused by the drought.

A news release issued March 3 incorrectly stated that the SBA loans were for homeowners and businesses with damage that resulted from storms that hit Jan. 19-22. Owners of property damaged as a result of the January storms are NOT eligible for individual assistance.

Small, non-farm businesses with drought-related losses may apply online at https://disasterloan.sba.gov/ela. The deadline for businesses to apply for the SBA loans is Oct. 23.

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