LOS ANGELES (CNS) - The U.S. Small Business Administration is offering low-interest federal disaster loans for working capital to small businesses in 35 California counties, including Riverside and San Diego, that are economically impacted by the coronavirus pandemic.
Small businesses, private nonprofit organizations of any size, small agricultural cooperatives and small aquaculture enterprises that have been financially impacted as a direct result of COVID-19 since Jan. 31 may qualify for Economic Injury Disaster Loans of up to $2 million to help meet financial
obligations and operating expenses which could have been met had the disaster
not occurred, according to SBA Administrator Jovita Carranza.
"These loans may be used to pay fixed debts, payroll, accounts payable and other bills