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Affected by COVID-19?

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The
OA EOC is looking for ONE business from our jurisdiction that has been
severely affected by COVID-19. If you feel your business is as such,
they are requesting that you fill out a Small Business Administration
(SBA) “Economic Injury Disaster Loan” Worksheet, which you can find
below. These worksheets are not an application but solely a data
collection tool that will be provided to the State for review and
forwarded to SBA. There will be a separate application period with the
SBA once those processes are set up. Send to us directly once completed.
Additionally, for now, the OA EOC only needs one (1) worksheet per
jurisdiction. THIS is a worksheet and the reporting numbers can be an estimate. 
Find the worksheet below!
For more information on this effort, please see the below from CalOES.
(SBA) “Economic Injury Disaster Loan” Worksheet
What
does a potential U.S. Small Business Administration Economic Injury
Disaster Loan (EIDL) Declaration mean for businesses in California? 
New
federal legislation and appropriations has opened up the possibility
for small businesses to receive assistance for economic loss due to
COVID-19. Details of eligibility and administration of this assistance
from SBA are still being addressed by the SBA. However, some information
from the traditional SBA Economic Injury Disaster Loan (EIDL) program
will still apply for COVID-19.     If
a small business has suffered substantial economic injury as a result
of COVID-19, it may be eligible for financial assistance from the U.S.
Small Business Administration.  U.S.
Small Business Administration is allowing businesses to forecast
economic losses due to events that bring in high revenues being canceled
due to the COVID-19. Small
businesses and small agricultural cooperatives that have suffered
substantial economic injury may be eligible for the SBA’s Economic
Injury Disaster Loan (EIDL) Program.  Substantial
economic injury is the inability of a business to meet its obligations
as they mature and to pay its ordinary and necessary operating
expenses.  An EIDL can help meet necessary financial obligations that a business could have met had the disaster not occurred.  It
provides relief from economic injury caused directly by the disaster
and permits the business to maintain a reasonable working capital
position during the period affected by the disaster.  The SBA provides EIDL assistance only to those businesses that SBA determines are unable to obtain credit elsewhere.  The loan amount will be based on the business’ actual economic injury and financial needs.  The interest rate on EIDLs cannot exceed 4 percent per year.  The term of the loans cannot exceed 30 years. Terms and conditions wll be determined by the business’ ability to repay the loan.

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