News

SBDC Transitions to a New Host on 2/1/18

Release Date: January Contact: Diane Howerton

Release Number: 01-18 Internet Address: http://sbdc.ucmerced.edu

Fresno, CA – The Central California Small Business Development Center (SBDC) Network at the University of California, Merced, is pleased to announce a partnership with the Cal Coastal Rural Development Corporation to host a new SBDC location to grow economic development in Monterey and San Benito counties.

Cindy Merzon has been named director of the Cal Coastal SBDC. The center, at 221 Main St., Suite 301, Salinas, CA 93901, will provide management and technical assistance to small businesses and entrepreneurs, helping to create and retain jobs to strengthen the local economy. You can schedule an appointment for services by registering online at https://ucmsbdc.ecenterdirect.com/signup or calling (831) 424-1099.

Merzon has more than 30 years of business experience, having served in management and executive positions with: Pacific Gas & Electric Co., the Fresno Area Workforce Investment Board and the Cen Cal Business Finance Group. She has owned a business management and executive coaching company, and most recently served as director of the CSU Monterey Bay Small Business Development Center. Merzon was raised in Salinas, and looks forward to assisting local businesses as they access capital to grow, create jobs and positively affect the Central Coast economy.

“Together the California SBDC Network and Cal Coastal will provide important access to business development resources to help entrepreneurs and small businesses in these counties,” SBDC Regional Director Diane Howerton said.

“Cal Coastal is honored to have been chosen to host the SBDC serving Monterey and San Benito counties. Since 1982, Cal Coastal has provided lending capital to small businesses and farmers who have faced barriers in accessing funds,” Cal Coastal President Karl Zalazowski said. “We are excited to host the SBDC, which will enable us to offer technical assistance to our borrowers and other local small businesses. Together, we now offer services to these enterprises. As they grow, thrive and prosper, they will enhance the overall economic development of our region.”

The Central California SBDC Network is one of 63 state programs in the America’s Small Business Development Center Network. This nationally recognized program is the most comprehensive small business assistance network in the United States and its territories. The network’s mission is to help new entrepreneurs realize their dreams of business ownership and help existing businesses remain competitive in the complex marketplace of an ever-changing global economy.

In 2017, Central California SBDC clients obtained $45,472,671 in financing for their businesses, and created or retained 896 jobs. The financing — in the form of loans, equity and alternative funding — is an example of how the network fosters entrepreneurship that helps grow and diversify Central California's economy.

UC Merced opened in 2005 as the newest campus in the University of California system and the first American research university built in the 21st century. The campus enjoys a special connection with nearby Yosemite National Park, is on the cutting edge of sustainability in construction and design, and supports highly qualified first-generation and underserved students from the San Joaquin Valley and throughout California. The Merced 2020 Project, a $1.3 billion public-private partnership that is unprecedented in higher education, will nearly double the physical capacity of the campus and support enrollment growth to 10,000 students.

UC Merced was awarded the SBA contract in 2003 to serve 14 counties in Central California: San Luis Obispo, San Benito, Monterey, Stanislaus, Merced, Madera, Tuolumne, Mariposa, Fresno, Kings, Tulare, Kern, Mono and Inyo. The mission of the network is to promote the development and growth of small businesses by providing high quality business assistance throughout Central California thereby enhancing regional prosperity.

This cooperative agreement is partially funded by the U.S. Small Business Administration and the University of California, Merced.

SBA disaster recovery news

Release Date: June 23, 2017 - SBA Tops $10 Million in Disaster Assistance Loans

SACRAMENTO, Calif. – Regional Administrator Michael Vallante of the U.S. Small Business Administration announced today that SBA has approved more than $10 million in federal disaster loans for California businesses and residents impacted by severe storms and flooding that occurred Feb. 1-25, 2017. According to Vallante, SBA has approved $4,738,800 for businesses and $5,283,300 for residents to help rebuild and recover from this disaster.

“Although the deadline to apply for property damage loans has expired, small businesses and most private nonprofit organizations of any size may continue to apply for an Economic Injury Disaster Loan (EIDL) to help meet working capital needs caused by the disaster. Economic injury assistance is available regardless of whether the business or nonprofit organization suffered any property damage,” Vallante said.

The interest rate is 3.15 percent for businesses and 2.5 percent for private nonprofit organizations with terms up to 30 years. The deadline to submit an EIDL application is Dec. 20, 2017.

These loans are available in Alameda, Butte, Colusa, Glenn, Lake, Lassen, Mendocino, Merced, Modoc, Monterey, Napa, Plumas, San Benito, San Joaquin, San Mateo, Santa Clara, Santa Cruz, Shasta, Sierra, Sonoma, Stanislaus, Sutter, Tehama, Yolo and Yuba counties in California; and Washoe County in Nevada.

Small nonfarm businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations of any size may qualify for an Economic Injury Disaster Loan of up to $2 million to help meet financial obligations and operating expenses which could have been met had the disaster not occurred. 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.

Applicants may apply online using SBA's secure website at https://disasterloan.sba.gov/ela.

Disaster loan information and application forms are also available from SBA's Customer Service Center by calling (800) 695-2955 or emailing disastercustomerservice@sba.gov. Individuals who are deaf or hard-of-hearing may call (800) 877-8339. For more disaster assistance information or to download applications, visit https://www.sba.gov/disaster. Completed applications should be mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155. ###

Release Date: May 5, 2017 - One month left to apply for SBA disaster loans

Media Contact: Richard Jenkins

Release Number: CA 14839-03

Phone: (916) 735-1500

SACRAMENTO, Calif. - District Director Carlos Mendoza of the U.S. Small Business Administration’s Fresno District Office today reminded California small businesses of theJune 6, 2017, deadline to apply for an SBA federal disaster loan for economic injury caused by the Soberanes Fire in Monterey County that occurred July 22 - Oct. 12, 2016.

According to Mendoza, small nonfarm businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations of any size may apply for Economic Injury Disaster Loans of up to $2 million to help meet working capital needs caused by the disaster. “Economic Injury Disaster Loans may be used to pay fixed debts, payroll, accounts payable and other bills that cannot be paid because of the disaster’s impact. Economic injury assistance is available regardless of whether the applicant suffered any property damage,” Mendoza said.

These low-interest federal disaster loans are available in Fresno, Kings, Monterey, San Benito, San Luis Obispo and Santa Cruz counties.

The interest rate is 4 percent for businesses and 2.625 percent for private nonprofit organizations with terms up to 30 years. Loan amounts and terms are set by SBA and are based on each applicant’s financial condition.

Applicants may apply online using SBA’s secure website at https://disasterloan.sba.gov/ela.

Disaster loan information and application forms are also available from SBA’s Customer Service Center by calling (800) 659-2955 or emailing disastercustomerservice@sba.gov. Individuals who are deaf or hard‑of‑hearing may call (800) 877-8339. For more disaster assistance information or to download applications, visit https://www.sba.gov/disaster. Completed applications should be mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155. # # #

Release Date: April 19, 2017 - SBA offers disaster assistance to California small businesses economically impacted by the January severe storms and flooding

Media Contact: Richard Jenkins

Release Number: CA 15113-01

Phone: [(916) 735-1500](1-(916)

SBA Offers Disaster Assistance to California Small Businesses Economically Impacted by the January Severe Storms and Flooding

SACRAMENTO, Calif. – The U.S. Small Business Administration is offering low-interest federal disaster loans for working capital to small businesses economically impacted by the severe storms and flooding that occurred Jan. 3-12, 2017, SBA Administrator Linda McMahon announced today. SBA acted under its own authority to declare a disaster following a request received on April 14 from Gov. Edmund G. Brown, Jr.’s designated representative, Director Mark S. Ghilarducci of the Governor’s Office of Emergency Services.

These low-interest federal disaster loans are available in Alameda, Alpine, Calaveras, Kern, Los Angeles, Madera, Mariposa, Merced, Mono, Monterey, Orange, San Benito, San Bernardino, San Francisco, San Mateo, Santa Clara, Santa Cruz, Stanislaus, Tuolumne and Ventura counties.

“SBA is strongly committed to providing the most effective and customer-focused response possible to assist California small businesses with federal disaster loans. We will be swift in our efforts to help these small businesses recover from the financial impacts of this disaster,” said Administrator McMahon.

“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 acting Regional Administrator Robert Blaney of the U.S. Small Business Administration’s Region IX Office.

“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,” Blaney 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 3.125 percent for small businesses and 2.5 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.

America’s Small Business Development Center (SBDC) network is offering free, personalized counseling to help affected businesses in their recovery. Businesses may visit www.americassbdc.org to locate the nearest California SBDC office in their area.

Applicants may apply online using SBA’s secure website at https://disasterloan.sba.gov/ela.

Disaster loan information and application forms are also available from SBA’s Customer Service Center by calling [(800) 659-2955](tel:(800) or emailing disastercustomerservice@sba.gov. Individuals who are deaf or hard‑of‑hearing may call [(800) 877-8339](tel:(800). For more disaster assistance information or to download applications, visit https://www.sba.gov/disaster. Completed applications should be mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.

The filing deadline to return economic injury applications is Jan. 19, 2018. # # #

Release Date: April 5, 2017 - SBA economic injury disaster loans available to California small businesses

Media Contact: Richard Jenkins

Release Number: CA 15104-01

Phone: (916) 735-1500

SACRAMENTO, Calif. – Small nonfarm businesses in 21 California counties are now eligible to apply

for low interest federal disaster loans from the U.S. Small Business Administration. These loans offset economic losses because of reduced revenues caused by excessive rainfall and high winds in the following primary counties that occurred March 3 – June 1, 2016, announced Director Tanya N. Garfield of SBA’s Disaster Field Operations Center - West.

Primary California counties: Kings, Stanislaus and Sutter;

Neighboring California counties: Alameda, Butte, Calaveras, Colusa, Fresno, Kern, Mariposa, Merced, Monterey, Placer, Sacramento, San Joaquin, San Luis Obispo, Santa Clara, Tulare, Tuolumne, Yolo and Yuba.

“SBA eligibility covers both the economic impacts on businesses dependent on farmers and ranchers that have suffered agricultural production losses caused by the disaster and businesses directly impacted by the disaster,” Garfield said. 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.

“Eligibility for these loans is based on the financial impact of the disaster only and not on any actual

property damage. These loans have an interest rate of 4 percent for businesses and 2.625 percent for

private nonprofit organizations, a maximum term of 30 years, and are available to small businesses and most private nonprofits without the financial ability to offset the adverse impact without hardship,” Garfield said.

By law, SBA makes Economic Injury Disaster Loans available when the U.S. Secretary of Agriculture

designates an agricultural disaster. The Secretary declared this disaster on March 31, 2017.

Businesses primarily engaged in farming or ranching are not eligible for SBA disaster assistance.

Agricultural enterprises should contact the Farm Services Agency about the U.S. Department of

Agriculture assistance made available by the Secretary’s declaration.

Applicants may apply online using SBA’s secure website at https://disasterloan.sba.gov/ela.

Disaster loan information and application forms are also available from SBA’s Customer Service Center by calling (800) 659-2955 or emailing disastercustomerservice@sba.gov. Individuals who are deaf or hard of hearing may call (800) 877-8339. For more disaster assistance information or to download applications, visit https://www.sba.gov/disaster. 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 these loans is Nov. 30, 2017. ###

Release Date: March 30, 2017 - SBA to open additional disaster loan outreach center in Big Sur

Media Contact: Richard Jenkins

Release Number: CA 15092-03

Phone: [(916) 735-1500](tel:(916)%20735-1500)

SACRAMENTO, Calif. – Acting Region IX Administrator Robert Blaney of the U.S. Small Business Administration today announced the opening of an additional Disaster Loan Outreach Center in Big Sur to meet the needs of businesses and individuals who were affected by severe storms and flooding that occurred Feb. 1-25, 2017. The center will be located at the Big Sur Station (Multi‑Agency Facility) for two days only beginning 10 a.m. on Wednesday, April 5.

“SBA representatives will be on hand at the center to answer questions about SBA’s disaster loan program and explain the application process,” Blaney continued. “In addition to the new Big Sur location, SBA continues to provide service at Disaster Loan Outreach Centers in San Jose and Santa Cruz,” he said. No appointment is necessary. The locations and days and hours of operation are as follows:

BIG SUR Disaster Loan Outreach Center Big Sur Station (Multi-Agency Facility) 47555 Highway 1 Big Sur, CA 93920 Center open April 5-6 only Wednesday and Thursday, 10 a.m. - 5 p.m.

SAN JOSE Disaster Loan Outreach Center San Jose City Hall 200 E Santa Clara St. 12th Floor, Room 1231 San Jose, CA 95113 Mondays - Fridays, 10 a.m. – 7 p.m. Closed Friday, March 31 for Cesar Chavez Day

SANTA CRUZ Disaster Loan Outreach Center Santa Cruz County Governmental Center 701 Ocean St. Third Floor Elections Office Santa Cruz, CA 95060 Mondays - Fridays, 9 a.m. – 5:30 p.m. Closed Friday, March 31 for Cesar Chavez Day

SBA’s disaster declaration makes assistance available in Alameda, Butte, Colusa, Glenn, Lake, Lassen, Mendocino, Merced, Modoc, Monterey, Napa, Plumas, San Benito, San Joaquin, San Mateo, Santa Clara, Santa Cruz, Shasta, Sierra, Sonoma, Stanislaus, Sutter, Tehama, Yolo and Yuba counties in California; and Washoe County in Nevada.

Businesses of all sizes and private nonprofit organizations may borrow up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory and other business assets. SBA can also lend additional funds to homeowners and businesses to help with the cost of improvements to protect, prevent or minimize the same type of disaster damage from occurring in the future.

For small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations of any size, SBA offers Economic Injury Disaster Loans to help meet working capital needs caused by the disaster. Economic injury assistance is available regardless of whether the business suffered any property damage.

SBA disaster loans up to $200,000 are available to homeowners to repair or replace damaged or destroyed real estate. Homeowners and renters are eligible for up to $40,000 to repair or replace damaged or destroyed personal property.

Interest rates can be as low as 3.15 percent for businesses, 2.5 percent for private nonprofit organizations and 1.875 percent for homeowners and renters with terms up to 30 years. Loan amounts and terms are set by SBA and are based on each applicant’s financial condition.

Applicants may apply online using SBA’s secure website at https://disasterloan.sba.gov/ela.

Disaster loan information and application forms are also available from SBA’s Customer Service Center by calling [(800) 659-2955](tel:(800) or emailing disastercustomerservice@sba.gov. Individuals who are deaf or hard‑of‑hearing may call [(800) 877-8339](tel:(800). For more disaster assistance information or to download applications, visit https://www.sba.gov/disaster. Completed applications should be mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.

The filing deadline to return applications for property damage is May 19, 2017. The deadline to return economic injury applications is Dec. 20, 2017. ###

SBA offers disaster assistance to California businesses and residents affected by severe storms and flooding

SACRAMENTO, Calif. – Low-interest federal disaster loans are available to California businesses and residents affected by severe storms and flooding that occurred Feb. 1-25, 2017, U.S. Small Business Administration’s Administrator Linda McMahon announced today. SBA acted under its own authority to declare a disaster in response to a request SBA received from Gov. Edmund G. Brown, Jr.’s designated representative,Mark S. Ghilarducci, director of the Governor’s Office of Emergency Services, on March 17, 2017.

The disaster declaration makes SBA assistance available in Alameda, Butte,Colusa, Glenn, Lake, Lassen, Mendocino, Merced, Modoc, Monterey, Napa, Plumas,San Benito, San Joaquin, San Mateo, Santa Clara, Santa Cruz, Shasta,Sierra, Sonoma, Stanislaus, Sutter, Tehama, Yolo and Yuba counties in California; and Washoe County in Nevada.

“SBA is strongly committed to providing California with the most effective and customer-focused response possible, and we will be there to provide access to federal disaster loans to help finance recovery for businesses and residents affected by the disaster,” said McMahon. “Getting our businesses and communities up and running after a disaster is our highest priority at SBA.”

“Low-interest federal disaster loans are available to businesses of all sizes, most private nonprofit organizations, homeowners and renters whose property was damaged or destroyed by this disaster,” said SBA’s acting Regional Administrator Robert Blaney. “Beginning Wednesday, March 22, 2017, SBA representatives will be on hand at the following Disaster Loan Outreach Centers to answer questions about SBA’s disaster loan program, explain the application process and help each individual complete their application,” Blaney continued. The centers will be open on the days and times indicated below until further notice. No appointment is necessary.

COLUSA COUNTY Disaster Loan Outreach Center Maxwell Fire Department 231 Oak St. Maxwell, CA 95955 Opens 9 a.m. Wednesday, March 22 Mondays - Fridays, 9 a.m. – 5:30 p.m.

LASSEN COUNTY Disaster Loan Outreach Center Susanville Fire Department 1505 Main St. Susanville, CA 96130 Opens 9 a.m. Wednesday, March 22 Mondays - Fridays, 9 a.m. – 5:30 p.m.

SANTA CLARA COUNTY Disaster Loan Outreach Center City Hall 12th Floor - Room 1231 200 East Santa Clara St. San Jose, CA 95113 Opens 10 a.m. Wednesday, March 22 Mondays - Fridays, 10 a.m. – 7 p.m. Closed Friday, March 31 for Cesar Chavez Day

LAKE COUNTY Disaster Loan Outreach Center WorkforceLake Building 55 First St., Suite 114 Lakeport, CA 95453 Opens 9 a.m. Wednesday, March 22 Mondays - Fridays, 9 a.m. – 5:30 p.m.

PLUMAS COUNTY Disaster Loan Outreach Center Plumas County Courthouse Annex 270 County Hospital Road Quincy, CA 95971 Opens 9 a.m. Wednesday, March 22 Mondays - Fridays, 9 a.m. – 5:30 p.m.

SANTA CRUZ COUNTY Disaster Loan Outreach Center Santa Cruz County Governmental Center Third Floor - Elections Office 701 Ocean St. Santa Cruz, CA 95060 Opens 9 a.m. Wednesday, March 22 Mondays - Fridays, 9 a.m. – 5:30 p.m. Closed Friday, March 31 for Cesar Chavez Day

Businesses of all sizes and private nonprofit organizations may borrow up to $2 million to repair or replace damaged or destroyed real estate,machinery and equipment, inventory and other business assets. SBA can also lend additional funds to businesses and homeowners to help with the cost of improvements to protect, prevent or minimize the same type of disaster damage from occurring in the future.

For small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations of any size, SBA offers Economic Injury Disaster Loans to help meet working capital needs caused by the disaster. Economic injury assistance is available regardless of whether the business suffered any property damage.

Disaster loans up to $200,000 are available to homeowners to repair or replace damaged or destroyed real estate. Homeowners and renters are eligible for up to $40,000 to repair or replace damaged or destroyed personal property.

Interest rates can be as low as 3.15 percent for businesses, 2.5 percent for private nonprofit organizations and 1.875 percent for homeowners and renters with terms upto 30 years. Loan amounts and terms are set by SBA and are based on each applicant’s financial condition.

Applicants may apply online using SBA’s secure website at https://disasterloan.sba.gov/ela.

Disaster loan information and application forms are also available from SBA’s Customer Service Center by calling (800) 659-2955 or emailing disastercustomerservice@sba.gov. Individuals who are deaf or hard‑of‑hearing may call (800) 877-8339. For more disaster assistance information or to download applications, visit https://www.sba.gov/disaster. Completed applications should be mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.

The filing deadline to return applications for property damage is May19, 2017. The deadline to return economic injury applications is Dec. 20, 2017. ###

Release Date: Feb. 27, 2017 - One month left to apply for SBA disaster loans

Disaster news - Loans for businesses, private nonprofits, homeowners and renters

Disaster Field Operations Center–West, P.O. Box 419004, Sacramento, CA 95841

Media Contact: Richard Jenkins

Release Number: CA 14792-02

Phone: (916) 735-1500

SACRAMENTO,Calif. – Director Tanya N. Garfield of the U.S. Small Business Administration’s Disaster Field Operations Center - West today reminded California small nonfarm businesses in Fresno, Kern, Kings,Monterey, San Luis Obispo and Tulare counties of the March 27, 2017, deadline to apply for an SBA federal disaster loan for economic injury. These low-interest loans are to offset economic losses because of reduced revenues caused by the rain and wind in Kings County that occurred April 8 - May 6, 2016.

According to Garfield, small nonfarm businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations of any size may apply for Economic Injury Disaster Loans of up to $2 million to help meet working capital needs caused by the disaster. “Economic Injury Disaster Loans may be used to pay fixed debts, payroll, accounts payable and other bills that cannot be paid because of the disaster’s impact,” said Garfield.

“SBA eligibility covers both the economic impacts on businesses dependent on farmers and ranchers that have suffered agricultural production losses caused by the disaster and businesses directly impacted by the disaster. Economic injury assistance is available regardless of whether the applicant suffered any property damage,” Garfield added.

The interest rate is 4 percent for businesses and 2.625 percent for private nonprofit organizations with terms up to 30 years. Loan amounts and terms are set by SBA and are based on each applicant’s financial condition.

By law, SBA makes Economic Injury Disaster Loans available when the U.S. Secretary of Agriculture designates an agricultural disaster. The Secretary declared this disaster on July 27, 2016.

Businesses primarily engaged in farming or ranching are not eligible for SBA disaster assistance. Agricultural enterprises should contact the Farm Services Agency about the U.S. Department of Agriculture assistance made available by the Secretary’s declaration.

Applicants may apply online using SBA’s secure website at https://disasterloan.sba.gov/ela.

Disaster loan information and application forms are also available from SBA’s Customer Service Center by calling (800) 659-2955 or emailing disastercustomerservice@sba.gov. Individuals who are deaf or hard‑of‑hearing may call (800) 877-8339. For more disaster assistance information or to download applications, visit https://www.sba.gov/disaster. Completed applications should be mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road,Fort Worth, TX 76155. # # #

SBA offers disaster assistance to California businesses and residents affected by the Soberanes fire

Sacramento, Calif. – Low-interest federal disaster loans are available to California businesses and residents affected by the Soberanes Fire that began July 22, 2016, U.S. Small Business Administration (SBA) Administrator Maria Contreras-Sweet announced today. SBA acted under its own authority to declare a disaster in response to a request SBA received on Sept. 1, 2016, from Gov. Edmund G. Brown, Jr.’s designated representative, Mark S. Ghilarducci, director of the Governor’s Office of Emergency Services.

The disaster declaration makes SBA assistance available in Fresno, Kings, Monterey, San Benito, San Luis Obispo and Santa Cruz counties.

“SBA is strongly committed to providing California with the most effective and customer-focused response possible and we will be there to provide access to federal disaster loans to help finance recovery for businesses and residents affected by the disaster,” said Contreras-Sweet. “Getting our businesses and communities up and running after a disaster is our highest priority at SBA.”

“Low-interest federal disaster loans are available to businesses of all sizes, most private nonprofit organizations, homeowners and renters whose property was damaged or destroyed by this disaster,” said SBA’s Fresno District Director Carlos Mendoza. “Beginning Thursday, Sept. 8, SBA representatives will be on hand at the following Disaster Loan Outreach Center to answer questions about SBA’s disaster loan program, explain the application process and help each individual complete their application,” Mendoza continued. The center will be open on the days and times indicated below. No appointment is necessary.

Monterey County

Disaster Loan Outreach Center

County of Monterey

(Former Broadway Health Center)

1292 Olympia Ave.

Seaside, CA 93955

Opens 9 am Thursday, Sept. 8

Mondays - Fridays, 9 am – 6 pm

Center closes 6 pm Thursday, Sept. 22

Businesses of all sizes and private nonprofit organizations may borrow up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory and other business assets. SBA can also lend additional funds to businesses and homeowners to help with the cost of improvements to protect, prevent or minimize the same type of disaster damage from occurring in the future.

For small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations of any size, SBA offers Economic Injury Disaster Loans (EIDLs) to help meet working capital needs caused by the disaster. EIDL assistance is available regardless of whether the business suffered any property damage.

Disaster loans up to $200,000 are available to homeowners to repair or replace damaged or destroyed real estate. Homeowners and renters are eligible for up to $40,000 to repair or replace damaged or destroyed personal property.

Interest rates can be as low as 4 percent for businesses, 2.625 percent for private nonprofit organizations, and 1.563 percent for homeowners and renters with terms up to 30 years. Loan amounts and terms are set by SBA and are based on each applicant’s financial condition.

Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website.

Disaster loan information and application forms are also available from SBA’s Customer Service Center by calling (800) 659-2955 or emailing disastercustomerservice@sba.gov. Individuals who are deaf or hard‑of‑hearing may call (800) 877-8339. For more disaster assistance information or to download applications, visit sba.gov/disaster. Completed applications should be mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.

The filing deadline to return applications for property damage is Nov. 7, 2016. The deadline to return economic injury applications is June 6, 2017.

Disaster news - loans for businesses, private nonprofits, homeowners and renters

SBA Economic Injury Disaster Loans Available to California Small Businesses

SACRAMENTO,Calif. – Small, non-farm businesses in Fresno, Kern, Kings, Monterey, San Luis Obispo and Tulare counties are now eligible to apply for low‑interest federal disaster loans from the U.S. Small Business Administration (SBA). These loans offset economic losses because of reduced revenues caused by the rain and wind in Kings County that occurred April 8 –May 6, 2016, announced Director Tanya N. Garfield of SBA’s Disaster Field Operations Center ‑ West.

“SBA eligibility covers both the economic impacts on businesses dependent on farmers and ranchers that have suffered agricultural production losses caused by the disaster and businesses directly impacted by the disaster,” Garfield said.

By law, SBA makes EIDLs available when the U.S.Secretary of Agriculture designates an agricultural disaster. Secretary Tom Vilsack declared this disaster on July 27, 2016.

Businesses primarily engaged in farming or ranching are note eligible for SBA disaster assistance. Agricultural enterprises should contact the Farm Service Agency about the U.S. Department of Agriculture assistance made available by the Secretary’s declaration.

Disaster loan information and application forms are also available from SBA’s Customer Service Center by calling (800) 659-2955 or emailing disastercustomerservice@sba.gov. Individuals who are deaf or hard‑of‑hearing may call (800) 877-8339.

For more disaster assistance information or to download applications, visit sba.gov/disaster. 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 these loans is March 27, 2017. ###

SBDC is hiring

SBDC interns

  • Accounting Intern - support director with 10 hours per week to process invoices and monitor accounting for multiple grants.
  • Marketing and Social Media Intern - support director with 5-10 hours per week to keep social media and website updated; develop and implement service and workshop marketing campaigns.
  • Submit your interest for either internship at http://mbinterns.org/.

Expert business consultants

  • SBDC business consultants are independent contractors who are experts in their field.
  • Workload varies based on client need and location, but we are always looking for qualified consultants, particularly those who are bilingual in Spanish and English.
  • Please contact us if you would like to be considered for our vendor list.
  • Areas needing additional coverage include: Salinas, South Monterey County and San Benito County.
  • Register your interest by sending your qualifications to sbdc@csumb.edu or calling (831) 422-6232.

Linda McMahon confirmed by Senate as SBA Administrator

LINDA MCMAHON CONFIRMED BY SENATE AS SBA ADMINISTRATOR WASHINGTON – The U.S. Senate confirmed on Tuesday President Donald Trump’s nomination of Linda E. McMahon as the 25th Administrator of the U.S. Small Business Administration.

“Small businesses are the engine of our national economy,” McMahon said upon her confirmation. “I will work to revitalize a spirit of entrepreneurship in America. Small businesses want to feel they can take a risk on an expansion or a new hire without fearing onerous new regulations or unexpected taxes, fees and fines that will make such growth unaffordable. We want to renew optimism in our economy.”

“I want to thank President Trump for this opportunity to join his Administration and to advocate for our nation’s small business owners and entrepreneurs,” McMahon said. “I would also like to express my appreciation to Joe Loddo for his leadership as Acting Administrator during this transition, along with everyone at the SBA for the hard work they are doing to support America’s small businesses.”

In testimony on January 24 before the Senate Committee on Small Business and Entrepreneurship, McMahon discussed her hands-on experience managing and helping to grow small businesses.

“As an entrepreneur myself, I have shared the experiences of our nation’s small business owners. My husband and I built our business from scratch. We started out sharing a desk. Over decades of hard work and strategic growth, we built it into a publicly traded global enterprise with more than 800 employees. I am proud of our success – I know every bit of the hard work it took to create that success.”

“I believe in leadership by example. As a CEO, I never expect employees to do anything I am not willing to do myself. I believe in setting expectations and holding people accountable, but trusting them to do the job for which they were hired. I look forward to working with the SBA staff. I am eager to learn from their experience and expertise. I will listen, and their ideas, concerns and recommendations will be taken seriously.”

As Administrator of the SBA, McMahon will direct a federal agency with more than 2,000 full-time employees, with a leading role in helping small business owners and entrepreneurs secure financing, technical assistance and training, and federal contracts. SBA also plays a leading role in disaster recovery by making low interest loans.

McMahon is the co-founder and chief executive officer of Women’s Leadership LIVE, as well as the co-founder and former CEO of WWE. She was the Republican nominee to represent Connecticut in the U.S. Senate in 2010 and 2012. McMahon is an advocate for small business and continues to promote entrepreneurship, particularly among women.

McMahon is a graduate of East Carolina University. She and her husband, Vince, have two adult children and six grandchildren.

Link to McMahon’s Statement to the Senate Committee on Small Business and Entrepreneurship:

http://www.sbc.senate.gov/public/?a=Files.Serve&File_id=B60A5A7D-A28A-497A-A834-456E7108AE01

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About the U.S. Small Business Administration

The U.S. Small Business Administration (SBA) was created in 1953 and since January 13, 2012, has served as a Cabinet-level agency of the federal government to aid, counsel, assist and protect the interests of small business concerns, to preserve free competitive enterprise and to maintain and strengthen the overall economy of our nation. The SBA helps Americans start, build and grow businesses. Through an extensive network of field offices and partnerships with public and private organizations, the SBA delivers its services to people throughout the United States, Puerto Rico, the U.S. Virgin Islands and Guam.

New law requires California employers to electronically pay and file payroll taxes (AB 1245)

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New law requires California employers to electronically pay and file payroll taxes.

AB 1245 Requires

  1. California employers with 10 or more employees to electronically file their employment tax returns, wage reports, and payroll tax deposits beginning January 1, 2017. And
  2. California employers with less than 10 employees to electronically file their employment tax returns, wage reports, and payroll tax deposits beginning January 1, 2018.

View more information on the E-file Mandate.

Enroll in e-Services for Business to help you meet the requirements of AB 1245. You'll also be able to file, pay, and manage your payroll tax account online 24 hours a day, 7 days a week.

United States Citizenship and Immigration Services (USCIS):Employers must use updated forms for new hires by January 22!

The United States Citizenship and Immigration Services (USCIS) released a revised version of Form I-9, Employment Eligibility Verification that must be used by all employers by Jan. 22. Form I-9 is used for verifying the identity and employment authorization of citizens and non-citizens hired for employment in the United States.

Small Business Administration - Office of Advocacy

USCIS Revises I-9 Form, Employers Must Use Updated Forms for New Hires by January 22

The new form includes more prompts to ensure the information is entered correctly, allows the ability to enter information on the preparer and translator and a dedicated area for including additional information. For more information on how to complete the new form, call 888-464-4218 or visit USCIS I-9 Central.

UC Merced Small Business Development Center Network, including CSUMB SBDC, receives national accreditation in technology & innovation

Press Release Announcing SBDC Accreditation

SBDC partners with the Institute for Innovation and Economic Development on the Startup Challenge

Startup Challenge Finals Described

SBDC names new director

Cindy Merzon Appointment Press Release

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National Sponsor

Central CA SBDC Network logo

State Host

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Monterey Bay Region Host

Services of the SBDC are partially funded by the U.S. Small Business Administration; Cal State University at Monterey Bay and the University of California, Merced. SBDCs are supported by the U.S. Small Business Administration and extended to the public on a non-discriminatory basis. Any opinions, findings, conclusions and recommendations expressed are those of the author(s) and do not necessarily reflect the view of the U.S. Small Business Administration (SBA). Reasonable accommodations for persons with disabilities will be made if requested at least two weeks in advance.