The Covid-19 crisis continues to create unprecedented challenges for individuals, families, communities and businesses. SCORE attempts to keep you informed about resources, changes in the law and other relevant updates. Please check back frequently for new information!
Families First Coronavirus Response Act
- Effective starting April 2, 2020
- Department of Labor: Families First Act Explained and Q&A
- SCORE SB: Summary of the new regulations and what it may mean for your business
Loan and Economic Stress Relief Options
- Santa Barbara County was declared an effected disaster area on March 18, 2020
Home and Personal Property Loans
- If you are in a declared disaster area and are the victim of a
disaster, you may be eligible for financial assistance from the SBA, even if you don’t own a business.
Business Physical Disaster Loans
- Any business or organization located in a declared disaster areaand that incurred damage during the disaster may apply for a loan to help replace or restore damaged property.
Economic Injury Disaster Loans
- If you are in a declared disaster area and have suffered economic
injury regardless of physical damage, you may qualify for an Economic Injury Disaster Loan (EIDL).
Military Reservists Economic Injury Loans
- If you have an essential employee who is a military reservist called to active duty, SBA provides loans to help eligible small businesses with operating expenses.
WEV quick response loan - Local Small Business Lender
- WEV provides financial support to businesses experiencing economic hardship as a result of the Coronavirus/COVID-19 pandemic of 2020: Up to $10,000; 4.50% fixed interest rate; 36 month repayment.
