The U.S. Small Business Administration (SBA) has announced an Economic Injury Disaster Loan (EIDL) declaration for California after the 2024 Coastal Storm and High Surf Event. This allows affected businesses in Santa Cruz and surrounding counties like Monterey and San Benito to apply for financial assistance. The loans can be applied for via the MySBA Loan Portal until November 13, 2025. Additional assistance information can be obtained from the SBA's Office of Disaster Recovery and Resilience.
Simple Explanation
The U.S. Small Business Administration (SBA) is helping people in California who got affected by big storms and strong waves last year. They can get money loans to help their small businesses get back on their feet. People can ask for this help until November 13, 2025.