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Small Business Funding

Federal disaster loans for Topanga Canyon closure impact [Video]

Low-interest federal disaster loans are now available for small businesses that were impacted by the extended storm-related closure of Topanga Canyon Boulevard.

The U.S. Small Business Association enacted a disaster declaration for the area in late June, making financial assistance available for those impacted by the closure of the boulevard between Grand View Drive and Pacific Coast Highway.

The stretch of roadway was closed in early March due to a storm- sparked landslide that inundated all lanes. The street was reopened June 3, about 90 days earlier than the original timeline.

SBA loans for those impacted by the closure are available in Kern, Los Angeles, Orange, San Bernardino and Ventura counties, according to the agency.

“SBA’s mission-driven team stands ready to help California’s small businesses impacted by the Topanga landslide and closure of state Route 27,” SBA Administrator Isabella Casillas Guzman said in a statement. “We’re committed to providing federal disaster loans swiftly and efficiently, with a customer-centric approach to help these …

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