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4w ago

SBA Approves $2M Loan Program for Los Angeles Businesses Damaged in Anti-ICE Riots

The decision provides low-interest funding with on-site support following weeks of state-federal friction over relief timing

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Kelly Loeffler, administrator of the US Small Business Administration (SBA), announced Tuesday that SBA has approved California Gov. Gavin Newsom's request for disaster relief assistance to help small businesses in downtown Los Angeles following last month's protests. File Photo by Al Drago/UPI

Overview

  • On July 1, SBA Administrator Kelly Loeffler approved California’s Economic Injury Disaster Loan declaration, enabling immediate loan applications for businesses hit by the June unrest.
  • Eligible small businesses can apply for up to $2 million in low-interest loans to cover working capital needs such as payroll, rent and utilities disrupted by the riots.
  • SBA disaster assistance teams have been deployed in Los Angeles to help owners prepare applications and navigate the loan process on site.
  • Governor Gavin Newsom requested the declaration after initial delay and later clashed with President Trump over the National Guard deployment and timing of federal relief.
  • June 6 ICE raids in downtown Los Angeles triggered protests that escalated into roughly $1 billion in damages and led to hundreds of arrests for looting and vandalism.