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SBA Paycheck Protection Program (PPP) and Business Loans for Santa Cruz Businesses

If your business has been impacted by the wide-reaching state mandated COVID-19 shutdowns you may be eligible for financial assistance through the Small Business Administration (SBA). However, deciding on which program(s) to apply for and completing the paperwork correctly can mean the difference between getting your funding and being rejected.

The Law Office of Christopher G Smith will help you apply for and correctly submit your SBA assistance application for a flat service fee of $750.

We have helped numerous businesses secure the SBA business assistance funds they are eligible for under the SBA program guidelines.

Here are some of the most popular programs.

Paycheck Protection Program (PPP) for Santa Cruz Business

The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll.

SBA will forgive loans if all employee retention criteria are met, and the funds are used for eligible expenses.

  • PPP loans have an interest rate of 1%.
  • Loans issued prior to June 5 have a maturity of 2 years. Loans issued after June 5 have a maturity of 5 years.
  • Loan payments will be deferred for borrowers who apply for loan forgiveness until SBA remits the borrower's loan forgiveness amount to the lender. If a borrower does not apply for loan forgiveness, payments are deferred 10 months after the end of the covered period for the borrower’s loan forgiveness (either 8 weeks or 24 weeks).
  • No collateral or personal guarantees are required.
  • Neither the government nor lenders will charge small businesses any fees.

SBA 7(a) Loan program for Santa Cruz Businesses

The 7(a) loan program is the SBA's primary program for providing financial assistance to small businesses. The terms and conditions, like the guarantee percentage and loan amount, may vary by the type of loan.

SBA Microloan Program for Businesses in Santa Cruz

The Microloan program provides loans up to $50,000 to help small businesses and certain not-for-profit childcare centers start up and expand. The average microloan is about $13,000.

Microloans can be used for:

  • Working capital
  • Inventory or supplies
  • Furniture or fixtures
  • Machinery or equipment

Need help completing your Paycheck Protection Program (PPP), 7(a) Loan, or Microloan application paperwork? We can help.

Please call us at (831) 429-9500 of complete the inquiry form below to get started




The materials appearing on this website are provided for informational use only, and are in no way intended to constitute legal advice or the opinions of this law firm or any of its attorneys.


Contact Us

California Conservatorships & Guardianships
Law Office of Christopher G Smith

1717 Seabright Ave
Santa Cruz, CA 95062

(831) 429-9500