Business Disruption Loan

U.S. Small Business Administration (SBA) Economic Injury Disaster Loans

The U.S. Small Business Administration is offering designated states and territories low-interest federal disaster loans for working capital to small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19).

SBA’s Economic Injury Disaster Loans offer up to $2 million in assistance and can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing.

These loans may be used to pay fixed debts, payroll, accounts payable and other bills that cannot be paid because of the disaster’s impact. The interest rate is 3.75% for small businesses without credit available elsewhere; businesses with credit available elsewhere are not eligible. The interest rate for non-profits is 2.75%.

SBA offers loans with long-term repayments in order to keep payments affordable, up to a maximum of 30 years. Terms are determined on a case-by-case basis, based upon each borrower’s ability to repay.

For additional information, please contact the SBA disaster assistance customer service center. Call 1-800-659-2955 (TTY: 1-800-877-8339) or e-mail

As of March 27, 2020 the SBA no longer is using the online application system and instead requires you to download the forms, complete and upload on their website (see link for more info)

It appears there are now three primary forms required, with the others being based on the loan officer’s discretion for your case.

  1. Business Loan Application (Form 5) (en Español)
  2. Home or Sole Proprietor Loan Application (SBA Form 5C) (en Español)
  3. Economic Injury Disaster Loan Supporting Information (Form P-019)

As of April 16, 2020 the Economic Injury Disaster Loan (EIDL) Emergency Advance loan has exhausted its resources as well as the Paycheck Protection Program (PPP).  Additional resources is being considered and this website will be updated once information is received.


Economic Development Collaborative (EDC) Disaster Loan Fund

Economic Development Collaborative (EDC) is offering low interest micro loans from $5,000­-$50,000 through our Disaster Loan Fund to give a cash flow boost to businesses impacted by reduced sales, supply chain disruption or other challenges related to COVI D-19. Contact Marvin Boateng, Lending Manager to apply or for additional assistance navigating access to capital. Email or call (805) 409-9158. EDC also offers no cost business consulting for businesses affected by COVID-19.  EDC Small Business Development Center (SBDC) Advisors can assist by providing guidance during this time.  Contact the EDC office at 805.409.9159 to request an appointment.  You can also visit the EDC website at


Women’s Economic Ventures (WEV)

WEV is offering a Quick Response Loan Program to provide financial support of up to $10,000 and assistance to businesses experiencing economic hardship as a result of the Coronavirus/COVID-19 pandemic of 2020. For WEV existing loans, you can apply for a WEV Quick Response Loan to request deferment for up to three payments. Please visit the WEV website for more information. Contact Marni Brook at or Marta Quintero at for more information.


Santa Barbara Foundation, Hutton Parker Foundation, and United Way

The Santa Barbara Foundation and Hutton Parker Foundation will provide grants up to $25,000 to nonprofit organizations serving all regions of Santa Barbara County. United Way of Santa Barbara County will be providing grants to individuals for those disproportionately impacted by coronavirus and the economic consequences of the pandemic. The Santa Barbara Foundation, United Way of Santa Barbara County and Hutton Parker Foundation are leading a countywide collaborative with members of the Foundation Roundtable to provide assistance to individuals as well as organizations actively engaged in assistance efforts for members of the community affected by the COVID-19 pandemic.


Government-Backed Loan Programs

Government-backed loan programs are available, including special disaster assistance at the state and federal levels:

  • Small Business Finance Center partners with Financial Development Corporations to provide loan guarantees and direct loans for small businesses that experience capital access barriers. Below are two programs:
    • Jump Start Loan Program: California IBank has a Small Business Loan Guarantee Program for loans up to $1 million and a JumpStart micro lending program for loans up to $10,000 with accommodations for disasters.  The program is run through local mission based lenders, the Financial Development Corporations:
    • Disaster Relief Loan Guarantee Program (DRLGP): Loan guarantees up to 95% of the loan for small business borrowers impacted by disasters who need term loans or lines of credit for working capital.
  • California Capital Access Program (CalCAP): California Treasurers Office has a small business loan program with special disaster assistance that is used extensively by the CDFI community: CalCAP

California’s network of small business support centers help businesses figure out which loans are best for them, develop resiliency strategies, and find other resources. These centers are deployed to respond in disasters (PDF here).

Contact Office of Emergency Management

4408 Cathedral Oaks Rd., Santa Barbara, CA 93110
Phone: 805-681-5526