See which loan best fits you and your business.
Loans granted through the U.S. Small Businss Administration (SBA)
SMALL BUSINESS DEBT RELIEF
Small Business Debt Relief – if you are a current borrower under SBA 7(a), 504 loan program or a microloan, you are eligible for debt relief and SBA will cover all loan payments for 6 months.
The SBA will also automatically pay the principal, interest, and fees of new 7(a), 504, and microloans issued prior to September 27, 2020.
For current SBA Service Disaster (Home and Business) Loans: If your disaster loan was in, “regular servicing,” status on March 1, 2020, the SBA is providing automatic deferments through December 31, 2020.
What does an “automatic deferral” mean to borrowers?
Interest will continue to accrue on the loan.
1201 monthly payment notices will continue to be mailed out which will reflect the loan is deferred and no payment is due.
The deferment will NOT cancel any established Pre-Authorized Debit (PAD) or recurring payments on your loan.
Borrowers that have established a PAD through Pay.Gov or an OnLine Bill Pay Service are responsible for canceling these recurring payments. Borrowers that had SBA establish a PAD through Pay.gov will have to contact their SBA servicing office to cancel the PAD.
Borrowers preferring to continue making regular payments during the deferment period may continue to do so. SBA will apply those payments normally as if there were no deferment.
After this automatic deferment period, borrowers will be required to resume making regular principal and interest payments. Borrowers that cancelled recurring payments will need to reestablish the recurring payment.
If you have questions about your current loan and whether or not your loan is automatically deferred, please contact your Loan Servicing Office:
Birmingham Disaster Loan Servicing Center:
El Paso Disaster Loan Servicing Center:
Weekly Business Webinars
NEWS YOU CAN USE
ASCENT - A New E-learning Platform for Women Entrepreneurs
Learn how to remain resilient in these trying times. A FREE digital e-learning platform geared to help women entrepreneurs grow and expand their businesses. This program has valuable content such as tips on preparing and recovering from disasters, strategic marketing and business financial strategy development.
Learn more and register at: https://ascent.sba.gov/
Available Grants and Loan Applications
Here you will find the latest information on what grants and loan applications are still available from the State of California and in your City and County. Small Business Development Centers (SBDC) which operate under a cooperative agreement with the SBA provide high-quality expertise to help your business succeed with qualified consultants, education and resources.
Learn more at: https://ociesmallbusiness.org/local-grant-and-loan-programs/
Goodbye 2020, Hello 2021! SBA is Here for Your Small Business in the New Year
We stand ready to support new businesses and existing businesses alike in 2021. These tips can not only help but will make a positive impact!
Need a Mentor or a One-on-One Consultant? Meet our Resource Partners
Our resource partners are available remotely, via email and video. Visit the link below to learn more about the many partnerships SBA.gov has to assist the Small Business Owner. From Covid-19 Relief Options and Programs to Funding resources and much more.
Learn more at: https://www.sba.gov/local-assistance
PPP & EIDL Relaunch - Do You Have Questions?
Listen in to webinars that have been held daily to learn the most recent and valuable information on the PPP & EIDL programs/COVID 19 Relief Options. You will hear live questions and answers. Check your email or SBA Orange County / Inland Empire (@SBA_OCIE) / Twitter for the links.
Learn more at: https://sba.app.box.com/s/o6fa1dusnq401hzcmwd3g3l09qgfadce
Shuttered Venue Owners Grants (SVOG) Latest News - Newly Identified Eligible Entities and FAQ's
Did you know there are newly identified organizations that qualify for the SVOG? A Shuttered Venue must register with SAM.gov and have a DUNS Number in place. See the most updated FAQ's which has been posted today to provide you guidelines as you apply for the SVOG.
SBA Office of Advocacy Regulatory Issues Shares Resources from Other Federal Agencies
The Stimulus and omnibus spending for FYI 2021, known as the Consolidated appropriations Act, 2021, had many provisions for small business relief during the COVID-19 pandemic.
StandOut Story- Scape Group, Inc. Keeps Making Dirt Pretty with the Help of SBA’s Covid-19 Relief
The pandemic impacted small businesses everywhere, creating an economic slowdown few had seen before, and Scape Group, Inc. was not immune to the effects.
Please monitor this page on a regular basis for updates.