Fishing boats at Pillar Point Harbor in Half Moon Bay.
Low-interest federal loans are now available in 31 California counties to help small businesses impacted by the decision to cancel this year’s commercial Chinook salmon season.
The Pacific Fishery Management Council canceled the 2023 fishing season back in April and, on Nov. 29, the U.S. Small Business Administration declared a disaster, which allows the government to offer financial assistance to small businesses that have suffered economic hardships as a result of the cancellation.
“Small businesses in Sonoma County that rely on salmon fishing for their livelihood were devastated when the fishery was shut down,” Sonoma County Supervisor Lynda Hopkins said. “This disaster declaration will provide these local businesses with loans to help them recover.”
The 4% interest rate loans are for small businesses while there are 2.375% loans for private nonprofit organizations.
The loans feature terms of up to 30 years and are restricted to small businesses without the financial ability to offset the adverse impact without hardship, according to Sonoma County officials.
Business owners are encouraged to make an appointment at a California Small Business Development Center for free recovery guidance. People can visit californiasbdc.org/find-your-sbdc to do so.
Disaster loan applications can also found online by visiting SBA.gov disaster and business owners can also call (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance.
The deadline to apply is Aug. 29, 2024.
Please purchase a Premium Subscription to continue reading.
To continue, please log in, or sign up for a new account.
We offer one free story view per month. If you register for an account, you will get two additional story views. After those three total views, we ask that you support us with a subscription.
A subscription to our digital content is so much more than just access to our valuable content. It means you’re helping to support a local community institution that has, from its very start, supported the betterment of our society. Thank you very much!
Only subscribers can view and post comments on articles.
Already a subscriber? Login Here
Could San Mateo County become one of the healthiest places to live? 🌿 Read moreBlue Zones Ignite San Mateo County Community Keynote
Woodside Musical Theatre proudly presents Jesus Christ Superstar in Concert — the company’s … Read moreJESUS CHRIST SUPERSTAR in Concert
“Side-splittingly funny and brilliantly chaotic” Read moreThe Play That Goes Wrong
LittleFoot said:
Why not just post your own comment saying that, Rajiv?
Dirk van Ulden said:
Success! An email has been sent to with a link to confirm list signup.
Error! There was an error processing your request.
Sorry, an error occurred.
Already Subscribed!
Cancel anytime
Thank you .
Your account has been registered, and you are now logged in.
Check your email for details.
Submitting this form below will send a message to your email with a link to change your password.
An email message containing instructions on how to reset your password has been sent to the email address listed on your account.
No promotional rates found.
Secure & Encrypted
Thank you.
Your gift purchase was successful! Your purchase was successful, and you are now logged in.
| Rate: | |
| Begins: | |
| Transaction ID: |
A receipt was sent to your email.
(0) comments
Welcome to the discussion.
Log In
Keep the discussion civilized. Absolutely NO personal attacks or insults directed toward writers, nor others who make comments.
Keep it clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
Don't threaten. Threats of harming another person will not be tolerated.
Be truthful. Don't knowingly lie about anyone or anything.
Be proactive. Use the 'Report' link on each comment to let us know of abusive posts.
PLEASE TURN OFF YOUR CAPS LOCK.
Anyone violating these rules will be issued a warning. After the warning, comment privileges can be revoked.