Local Businesses Look to Remain Open with Support from Women’s Economic Ventures (WEV)

Santa Barbara, CA — Just as the Thomas Fire, Montecito Debris Flow and Hill/Woolsey Fires pushed  Santa Barbara and Ventura county small businesses to the brink of collapse, the COVID-19 pandemic is significantly affecting the economic vitality these businesses bring to the community.  Local non-profit Women’s Economic Ventures (WEV,www.wevonline.org) primarily serves micro-businesses, defined as those with fewer than five employees and less than $1 million in annual revenues, by providing business training, coaching, and loans to more than 300 local business owners each year.

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SBA Offers Disaster Assistance to California Small Businesses Economically Impacted by the Coronavirus (COVID-19)

For more information about available SBA resources and services, please visit: SBA.gov/coronavirus.

SACRAMENTO, Calif. – The U.S. Small Business Administration is offering low-interest federal disaster loans for working capital to California small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19), SBAAdministrator Jovita Carranza announced today. SBA acted under its own authority, as provided by the Coronavirus Preparedness and Response Supplemental Appropriations Act that was recently signed by the President, to declare a disaster following a request received from Gov. Gavin Newsom’s designated representative, Director Mark S. Ghilarducci of the Governor’s Office of Emergency Services on March 13, 2020.

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