Topanga Small Business Grants

Topanga Town Center Courtyard

Supervisor Lindsey Horvath’s Office Announces Grants for Topanga’s Small Businesses Impacted by Road Closure

Message from Sophia Soudani, Field Deputy

I want to formally announce some exciting news…the Office of Supervisor Lindsey Horvath will be standing up a Topanga Business Interruption Fund to provide grants to qualified businesses who have been significantly impacted by the loss of customer support and business revenue because of the slide that closed Topanga Canyon Boulevard.

Our office is partnering with the LA County Department of Economic Opportunity to create a fund of at least $250K that will provide grants to businesses. Grants will be up to $10,000. Businesses can register for updates on the launch of the Business Interruption Fund at opportunity.lacounty.gov/Topanga.

Our office will soon provide more program updates including eligibility requirement and required documents. We want to support businesses as they apply, so we will hold application workshops to walk people through the guidelines and application process. Dates to be announced.


In addition to the Supervisor’s support, the U.S. Small Business Association (SBA) offers disaster assistance to California businesses and residents affected by the severe winter storms 

Low-interest federal disaster loans are available to California businesses and residents affected by the severe winter storms, tornadoes, flooding, landslides and mudslides that occurred Jan. 31 – Feb. 9, announced Administrator Isabella Casillas Guzman of the U.S. Small Business Administration. SBA acted under its own authority to declare a disaster in response to a request SBA received from Gov. Gavin Newsom’s authorized representative, Director Nancy Ward of the California Office of Emergency Services, on May 16.

The SBA Rural Disaster Declaration makes SBA assistance available to both rural and non-rural areas of Butte, Los Angeles and Santa Cruz counties.

“SBA’s mission-driven team stands ready to help California’s small businesses and residents impacted by the severe winter storms, tornadoes, flooding, landslides and mudslides,” said Administrator Guzman. “We’re committed to providing federal disaster loans swiftly and efficiently, with a customer-centric approach to help businesses and communities recover and rebuild.”

“Low-interest federal disaster loans are available to businesses of all sizes, most private nonprofit organizations, homeowners and renters whose property was damaged or destroyed by this disaster,” said Francisco Sánchez Jr., associate administrator for the Office of Disaster Recovery and Resilience at the Small Business Administration. “Beginning Monday, May 20, SBA customer service representatives will be available at the Virtual Disaster Loan Outreach Center to answer questions about SBA’s disaster loan program, explain the application process and help each business owner complete their application,” Sánchez continued. The virtual center will be open on the days and times indicated below. No appointment is necessary.

Note: In terms of the February 9th declaration period, Supervisor Horvath and LA County OEM is ensuring that the March 9th Topanga landslide is considered a direct consequence of the covered storm declaration period.  If you have any questions or issues in completing your application and the dates it should cover, please reach out to Sophia Soudani, Field Deputy for the Los Angeles County’s 3rd District Supervisors Office at:  SSoudani@bos.lacounty.gov.

FOCWAssistance@sba.gov
(916) 735-1501

Businesses of all sizes and private nonprofit organizations may borrow up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory and other business assets. SBA can also lend additional funds to businesses and homeowners to help with the cost of improvements to protect, prevent or minimize damage from occurring in the future.

For small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations of any size, SBA offers Economic Injury Disaster Loans to help meet working capital needs caused by the disaster. Economic injury assistance is available regardless of whether the business suffered any property damage.

Disaster loans up to $500,000 are available to homeowners to repair or replace damaged or destroyed real estate. Homeowners and renters are eligible for up to $100,000 to repair or replace damaged or destroyed personal property, including personal vehicles.

Interest rates can be as low as 4 percent for businesses, 3.25 percent for private nonprofit organizations and 2.688 percent for homeowners and renters with terms up to 30 years. Loan amounts and terms are set by SBA and are based on each applicant’s financial condition.  Note: Exact interest rates and principal amounts that may be borrowed are decided on a case-by-case basis, and are contingent on a number of variables.

Interest does not begin to accrue until 12 months from the date of the first disaster loan disbursement. SBA disaster loan repayment begins 12 months from the date of the first disbursement.

Applicants may apply online and receive additional disaster assistance information at SBA.gov/disaster. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.

The deadline to apply for property damage assistance is July 16, 2024.