U.S. Small Business Administration (SBA) to offer low-interest federal disaster loans to small businesses affected by civil unrest
WASHINGTON – U.S. Senators Amy Klobuchar and Tina Smith announced that the U.S. Small Business Administration (SBA) is offering disaster assistance to businesses and residents affected by the civil unrest from May 27 through June 8, 2020. Businesses and residents can apply for low-interest disaster loans from the U.S. Small Business Administration. More information is available here.
“This federal funding will help provide resources that businesses and residents need to rebuild. I’ve met with many of the affected small business owners, and I will continue to work to secure needed support,” Klobuchar said.
“It's critical for the federal government to step forward and help restore and rebuild our communities in the wake of the civil unrest Minnesota experience this summer," said Sen. Smith. "I’ve been pushing for the SBA to provide this much-needed assistance, and while SBA loans won’t bring back all of what was lost, I’m hopeful they will help repair some of the damage done. I remain committed to listening to and working with communities to address the longstanding effects of racial injustices and to develop a more inclusive, equitable community.”