Low-interest loans accessible for Kern companies impacted by catastrophe – thqaftqlm

Low-interest loans accessible for Kern companies impacted by catastrophe

BAKERSFIELD, Calif. (KERO) — Enterprise house owners who’ve been impacted by the current storms now have extra financial help accessible. The Small Enterprise Administration, in addition to regional organizations just like the Small Enterprise Growth Heart in Bakersfield, are providing assist getting low-interest loans for enterprise house owners who need assistance overlaying disaster-related prices.

In keeping with Kelly Bearden, the director of the Small Enterprise Growth Heart at California State College Bakersfield, there are two completely different catastrophe declarations in California, and the timing is vital for enterprise house owners.

“We mainly had two separate intervals of time for the catastrophe of the storms. One in all them had a December/January focus and the opposite one has a March focus, and they’re separate incidents, and oftentimes they have an effect on completely different companies in numerous methods,” mentioned Bearden.

The current Presidential Declaration of Catastrophe identifies Kern County as a main help county, based on Small Enterprise Administration Public Info Officer Mary Bradfield.

mary bradfield SBA PIO


Public Info Officer for the Small Enterprise Affiliation Mary Bradfield

“Disasters which have been beforehand declared come below a unique declaration quantity for the SBA software, and so they have set deadlines, so if you happen to have been in a Presidential declaration as a main county, you then get bodily purposes in addition to simply the EIDL [Economic Injury Disaster Loan],” mentioned Bradfield.

This implies loans can be found to those that have suffered property harm in addition to those that have suffered enterprise losses associated to the catastrophe, known as “financial damage.”

“So if their gross sales have declined, say a significant buyer, for instance, has not been capable of do work with them, or if flooding and roads and different issues, or it impeded vans leaving their facility or no matter, it should have a adverse affect on that enterprise,” defined Bearden.

Maintaining data is a vital a part of proving your online business was economically impacted by the storms, based on Bearden.

kelly bearden csub sbdc


Director of the Small Enterprise Growth Heart at CSUB Kelly Bearden

“Additionally, the monetary data side is essential in the event that they work towards really getting the financial damage portion of that, so in the event that they’re trying to recapture among the losses from their enterprise, it is crucial to have good data,” mentioned Bearden.

Loans from the SBA are additionally accessible to owners and renters.

“Our job is to assist make loans, so we’re going to do all the pieces we will to make that inexpensive,” mentioned Bradfield.

The Small Enterprise Growth Heart affords free consultations and may help individuals apply for these loans.

“If persons are undecided on the way to fill out a specific software, if it is an SBA catastrophe mortgage software, then do name us up and we will have a advisor meet with you, sit down, and we will undergo your specific scenario,” mentioned Bearden.

For extra info on the SBA and SBDC low-interest mortgage packages or to use on-line, you may go to the Small Enterprise Administration’s web site or you may go to the Small Enterprise Growth Heart’s web site.

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