The LA SBDC Network offers no-cost virtual business workshops for small businesses in Los Angeles, Santa Barbara, and Ventura Counties.
- This event has passed.
SBA Disaster Loan
March 24, 2020 @ 1:00 pm - 2:00 pmFree
WEBINAR IN ENGLISH
SBA’s Disaster Declaration Makes Loans Available Due to the Coronavirus (COVID-19)
What is the criteria for a loan approval?
Credit History-Applicants must have a credit history acceptable to SBA.
Repayment –SBA must determine that the applicant’s business has the ability to repay the SBA loan.
Eligibility- The applicant business must be physically located in a declared county and suffered working capital losses due to the declared disaster, not due to a downturn in the economy or other reasons.