Federal Assistance Available: SBA Offers Low Interest Disaster Loans 2026 Plains Oil Spill
Economic injury loans available for small businesses and private nonprofits
Low interest disaster loans are available to small businesses and private nonprofit organizations to offset economic losses from the 2026 Plains Oil Spill that happened on May 22- 28, 2026.
The SBA issued a disaster declaration in response to a request received from the California Governor’s Office of Emergency Services Director Caroline Thomas Jacobs.
What types of Disaster Loans are Available?
- Economic Injury Disaster Loans (EIDL)
The disaster declaration covers the California counties of Kern, Los Angeles, Orange, San Bernardino and Ventura counties.
SBA’s Economic Injury Disaster Loan (EIDL) program is available to eligible small businesses, small agricultural cooperatives, nurseries, and private nonprofits, including faith-based organizations, with financial losses directly related to this disaster.
EIDLs are for working capital needs caused by the disaster and are available even if the business did not suffer any physical damage.
They can be used to pay fixed debts, payroll, accounts payable and other bills that could have been paid had the disaster not occurred.
What are the Credit Requirements:
- Credit history acceptable by SBA
- Ability to repay loans
Loan details include:
- Loan amount can be up to $2 million
- Interest rates as low as 4% for businesses and 3.625% for private nonprofits
- No payments due for the first 12 months, and no interest accrual during that period.
- Interest does not accrue, and payments are not due until 12 months from the date of the first loan disbursement.
How to Apply:
Applicants can apply or get more information by:
- Calling: SBA Customer Service: (800) 659-2955
LOS ANGELES COUNTY
Business Recovery Center
East LA/Boyle Heights BusinessSource Center
1780 E. First St.
Los Angeles, CA 90033
Mondays – Fridays, 8 a.m. – 5 p.m.
LOS ANGELES COUNTY
Business Recovery Center
East LA Entrepreneur Center (Centro Maravilla)
4716 E. Cesar Chavez Avenue, Building B
Los Angeles, CA 90022
Mondays – Fridays, 8 a.m. – 4:30 p.m.
Deadline for Applications:
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