Particle.news

Download on the App Store

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

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.