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Posted on: June 8, 2020

Civil Unrest Impact and SBA Loans

Sometimes businesses need a financial helping hand. The Small Business Administration (SBA) offers a variety of loan programs.

The civil unrest and events of recent days has many businesses facing extensive damage where looting may have occurred. This arrives as our state faces the unprecedented challenges brought on by the ongoing COVID-19 pandemic.

To help businesses who are facing related damages, the Department of Commerce and Economic Opportunity (DCEO) is working with the SBA who can provide targeted, low-interest loans to small businesses and non-profits that have been impacted by civil unrest. This includes damage to property and having to close your business in fear of looting.  

To obtain these special business loans for businesses in our community, SBA must first issue a disaster declaration. For counties to qualify, businesses must first document their damages from the protests and looting and share this information with SBA. To streamline this process, DCEO has created a form to assist businesses with reporting. This information will then be used to submit for a disaster declaration from SBA for impacted counties. The form is not an application for funding and information obtained will not be used for or against businesses should they decide to later apply for a loan through SBA.

If your business has been impacted due to civil unrest, please take a moment to complete this form.

For questions about DCEO programs, resources or incentives, please email or call their toll-free helpline at 800-252-2923.

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