LOS ANGELES, CALIFORNIA JULY 26 2020 The deadline to apply for federal funding to protect business and residential properties in California is August 17.  The Small Business Administration encourages business owners and residents to apply for a federal disaster loan to cover costs related to property damage caused by civil unrest and to protect their properties in the future.

Tanya Garfield, Director of the U.S. Small Business Administration’s Disaster Field Operations Center-West said, “Businesses of all sizes, most private nonprofit organizations, homeowners and renters may apply for SBA federal disaster loans to repair or replace disaster-damaged property.”

The Small Business Administration (SBA) is also lending money to assist California residents, including renters, with costs related to preventing and mitigating future damage due to civil unrest in the area.

These low-interest federal disaster loans are available in Los Angeles, Kern, San Bernardino, Orange and Ventura counties in California. CEO of Shield Corps Security, Zach Micheletti, a California based security guard firm said, “We plan to open many security positions for veterans to deploy into neighborhoods and local businesses as residents now have federal funding to help offset the costs of protecting their homes and businesses.”

Applicants may borrow up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory and other business assets with interest rate as low as 3% for business and 1.25% for residential loan applicants.

According to Michiletti, Shield Corps Security, the Southern California Branch Office of USPA Nationwide Security, has seen an uptick in residential security calls from the San Francisco Bay area, down to Los Angeles, since Memorial Day Weekend when the unrest began. “We stand ready to protect our local businesses and residents, and now the SBA has eased the financial burden on our clients.”

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