SBA Business Recovery Center in Monterey Park to Remain Open to Help Businesses Impacted by the Monterey Park Mass Shooting and Related Investigation

AMTV/SACRAMENTO, CA, Jun 14 – The U.S. Small Business Administration today announced that its SBA Business Recovery Center in Monterey Park will remain open until Fri., June 30, to provide a wide range of services to businesses impacted by the Monterey Park mass shooting and related investigation that occurred Jan. 21 – 28.

“Due to the severe economic losses inflicted on California businesses, we want to provide every available service to help get them back on their feet,” said SBA’s Director Tanya N. Garfield of the U.S. Small Business Administration’s Disaster Field Operations Center-West. “The center will provide a one-stop location for businesses to access a variety of specialized help. SBA customer service representatives will be available to meet individually with each business owner,” she added. No appointment is necessary. All services are provided free of charge. The center is open as indicated below.

LOS ANGELES COUNTY
Business Recovery Center
Barnes Park Service Club House
440 S. McPherrin Ave.
Monterey Park, CA 91754
Mondays – Fridays, 11 a.m. – 7 p.m.
Closed Monday, June 19 in Observance of Juneteenth
Permanently Closes at 7 p.m., Friday, June 30

“Small nonfarm businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations of any size 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,” said Director Tanya N. Garfield of SBA’s Disaster Field Operations Center-West.

“These loans may be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact. Disaster loans can provide vital economic assistance to small businesses to help overcome the temporary loss of revenue they are experiencing,” Garfield added.

Eligibility is based on the financial impact of the disaster only and not on any actual property damage. These loans have an interest rate of 3.305 percent for small businesses and 2.375 percent for private nonprofit organizations with terms up to 30 years and are restricted to small businesses without the financial ability to offset the adverse impact without hardship.

For business owners who are unable to visit the business recovery center, they may apply online using SBA’s secure website at https://disasterloanassistance.sba.gov/.

To receive additional disaster assistance information, visit SBA’s website at www.sba.gov/disaster. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services. Completed applications should be mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.

The deadline to apply for economic injury is Jan. 5, 2024.