Storm-damaged companies in Capitola are nonetheless ready on federal assist since purposes opened a few week in the past. On the federal stage, companies are solely eligible for a small, fixed-interest charge mortgage from the U.S. Small Enterprise Administration of as much as $2 million. In accordance with a spokesperson for SBA, as of Thursday, there’s been 33 purposes from companies in Santa Cruz County, all of that are ready on approval.Small companies aren’t eligible for Federal Emergency Administration Company grants, that are for householders and renters. That mentioned, they’re strongly inspired to register with FEMA as their data is shared with SBA and any future state assist packages. Santa Cruz Neighborhood Basis has accredited 22 enterprise grants totaling $100,000, all of that are solely from donations. The appliance window has closed, and grant recipients will obtain a deposit in a single to a few enterprise days after they’ve submitted their financial institution data. In the meantime, the toughest hit companies, eating places alongside the esplanade, are starting building utilizing their very own financial savings and features of credit score. On Thursday, contractors may very well be seen hauling lumber and different building supplies, whereas enterprise house owners tried to proceed to wash up particles. The kitchen supervisor at Zelda’s on the Seashore was busy excavating sand beneath the restaurant to repair the plumbing, and Dominic King, the proprietor of the restaurant My Thai Seashore, was busy lifting up broken floorboards. Zelda’s and My Thai Seashore hope to open as quickly as Easter.
Storm-damaged companies in Capitola are nonetheless ready on federal assist since purposes opened a few week in the past.
On the federal stage, companies are solely eligible for a small, fixed-interest charge mortgage from the U.S. Small Enterprise Administration of as much as $2 million.
In accordance with a spokesperson for SBA, as of Thursday, there’s been 33 purposes from companies in Santa Cruz County, all of that are ready on approval.
Small companies aren’t eligible for Federal Emergency Administration Company grants, that are for householders and renters. That mentioned, they’re strongly inspired to register with FEMA as their data is shared with SBA and any future state assist packages.
Santa Cruz Neighborhood Basis has accredited 22 enterprise grants totaling $100,000, all of that are solely from donations.
The appliance window has closed, and grant recipients will obtain a deposit in a single to a few enterprise days after they’ve submitted their financial institution data.
In the meantime, the toughest hit companies, eating places alongside the esplanade, are starting building utilizing their very own financial savings and features of credit score.
On Thursday, contractors may very well be seen hauling lumber and different building supplies, whereas enterprise house owners tried to proceed to wash up particles.
The kitchen supervisor at Zelda’s on the Seashore was busy excavating sand beneath the restaurant to repair the plumbing, and Dominic King, the proprietor of the restaurant My Thai Seashore, was busy lifting up broken floorboards.
Zelda’s and My Thai Seashore hope to open as quickly as Easter.
