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SBA Urges Newsom to Request Disaster Aid for Riot-Damaged Los Angeles Businesses

Summary by asbn.com
U.S. Small Business Administration (SBA) Administrator Kelly Loeffler is urging California Governor Gavin Newsom to request an Economic Injury Disaster Loan (EIDL) Declaration to activate immediate federal aid for Los Angeles businesses impacted by recent riots. The request would unlock low-interest loans of up to $2 million for local small businesses affected by vandalism, looting, and property destruction during a wave of civil unrest. “The mi…

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California Globe broke the news in on Tuesday, June 10, 2025.
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