SBA Disaster Loans
Due to the Biden Administration’s Major Disaster Declaration in the wake of our severe winter storms, the Small Business Administration has made available Economic Injury Disaster Loans for businesses in San Mateo and Santa Clara Counties.
Economic Injury Disaster Loans are working capital loans to help small businesses, small agricultural cooperatives, small businesses engaged in aquaculture, and most private, non-profit organizations of all sizes meet their ordinary and necessary financial obligations that cannot be met as a direct result of the disaster. These loans are intended to assist through the disaster recovery period, which began Dec. 27.
Businesses can apply online at https://disasterloanassistance.sba.gov/. If applicants have any questions, they can call (800) 659-2955 or email: disastercustomerservice@sba.gov.
State of California: Businesses impacted by storms eligible for emergency tax relief
Business owners and taxpayers impacted by California’s winter storms are now eligible for emergency tax relief from late payment interest and penalties. Business owners across the state can now access much-needed assistance to help accelerate their recovery efforts, including relief from interest and penalties.
Impacts of the storms have been felt throughout the state, and small business owners who have been affected by flooding, power outages, and other storm-related hardships may request up to an additional three months to file their tax returns. Taxpayers who face return deadlines between January 4, 2023 and January 31, 2023 who are granted relief will not have to pay interest and penalties if they are unable to file their returns and pay taxes and fees by the original due date.
Impacted taxpayers can request relief: on the CDTFA website; By mail at California Department of Tax and Fee Administration, PO Box 942879, MIC 35, Sacramento, CA 94279; In person at a field offices; or By phone at 1-800-400-7115 (CRS:711), Monday through Friday from 7:30 a.m. to 5 p.m. (Pacific Time), except state holidays.
Customers can also contact CDTFA to update account information, change an address or contact information, request replacement copies of CDTFA tax records, or ask questions about their account.
In addition to our State of Emergency Tax Relief webpage, information regarding relief requests is available in various languages online, via videos in English and Spanish, and on CDTFA’s Online Services webpage.
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