Pasadena City Council
March 3, 2025

U.S. Small Business
Administration
W ho is SBA ?
• I ndependent Federal agency created in 1953
• N etwork of district offices across the country
• 68 Offices across the country https://www.sba.gov/local -assistance • L A D O covers L os A ngeles, V entura and Santa B arbara counties • D edicated to supporting small businesses thru:
• A ccess to Capital
• M icroloans
• G uaranteed L oans up to $5M ( including fixed asset financing and lines of credit) • I nvestment C apital (SB I C )
• R&D Se e d Ca p it a l (SBIR/ STTR)
• G overnment C ontracting A ssistance
• Fe d e ra l Ce rt ifica t io n s: 8(a ), WOSB, SDV OSB, HUBZo n e • B onding G uaranty Program
• B usiness A dvising and E ducation
• Re s o u rce Pa rt n e rs : SBDC, WBC, SCORE, VBOC
• Online learning platforms @ SB A .gov
• D isaster A ssistance
2 California Declaration #20953/20954
• D eclaration covers L os A ngeles C ounty
• A ll programs available in LA County
• E ID L only in contiguous counties of: K ern, Orange, San B ernardino and V entura
• A pplication D eadlines
• Physical damage: M arch 10, 2025
• Economic Injury: Oct 8, 2025
• A pply
• Online: sba.gov/disaster, or
• I n person at a D isaster C enter
3 W ildfires and Straight -line W inds beginning Jan 7 -31 2025 A ssistance C enters Open Now
• Al t a d e n a ( DRC w / FEMA) Mo n-Sat
• 540 W W oodbury R oad, A ltadena 9:00am-8:00pm
• L os A ngeles – UCLA Re s e a rch Pa rk We s t (DRC w/ FEMA) Mo n-Sat • 10850 W Pico Blvd, L os A ngeles 9:00am-8:00pm
• Pasadena C ity C ollege Mo n-Fri
• 3035 E. Foothill Blvd, Pasadena 9:00am-6:00pm
Sat
9:00am-4:00pm
• R eseda- NEW WBC Mo n-We d
• 18700 Sherman W ay, Suite 112, Reseda 8:30am-5:30pm
• Santa M onica C hamber Mo n-We d
• 2525 M ain Street, Suite 103, Santa M onica 9:00am-5:00pm • W est Hollywood C hamber T hur-Sat
• 8272 Santa M onica B lvd, W est Hollywood 9:00am-5:30pm • Camarillo – V entura C ounty C ommunity Foundation Mo n-Sat • 4001 M ission Oaks Blvd, Camarillo 8:00am-5:00pm
4 Types of L oans B orrowers Purpose M ax. A mount Interest R ates B usiness L oans B usinesses and
private nonprofits
Repair or replace
real estate,
inventory,
equipment, etc.
$2 million * A s low as 4.0% for
businesses; 3.624%
for nonprofits
E conomic Injury
Lo a n s
Small businesses
and private
nonprofits
W orking capital
loans
$2 million * A s low as 4.0% for
businesses; 3.624%
for nonprofits
Home L oans Homeowners Repair or replace
primary residence
$500,000 A s low as 2.563%
Home L oans Homeowners and
renters
Repair or replace
personal property
$100,000 A s low as 2.563%
M itigation B usinesses, private
nonprofits and
homeowners
M itigate / prevent
future loss for any
type of disaster
20% of verified physical
damage. H omeowners
total loan amount limited
to $500,000
SBA D isaster L oans
www.sba.gov/disaster
12 MONTHS DEFERRAL OF INTEREST AND PAYMENT FROM THE DATE OF FIRST DISBURSEMENT O ther I mportant Points
• D o not need to wait for insurance
• L oan T erms up to 30 years max
• C ollateral may be requested
• N o prepayment penalties
• L oan can be modified
• R efinancing and relocation options
• D o not need any paperwork to apply – can submit later • FE M A and SB A assistance require separate applications 6 Stay C onnected
• Los A ngeles District Office
• W eb: SB A .gov/ca/la
• Em a il: LADO @s b a . g o v
• Call: (213) 634-3855
• Find a Resource Partner: SBA .gov/local-assistance
• SBA D isaster A ssistance Programs
• W eb: SBA .gov/disaster
• Em a il: [email protected]
• Call: (800) 659-2955
• 7-1-1 telecommunications relay service
7 W ays to contact the local SB A D istrict O ffice and the SB A D isaster T eam