SBA Offers Disaster Assistance to CA Businesses Affected by Flooding

 

SACRAMENTO, Calif. – Low-interest federal disaster loans are available to California businesses and residents affected by severe storms and flooding that occurred Feb. 1-25, 2017, U.S. Small Business Administration’s Administrator Linda McMahon announced today. SBA acted under its own authority to declare a disaster in response to a request SBA received from Gov. Edmund G. Brown, Jr.’s designated representative, Mark S. Ghilarducci, director of the Governor’s Office of Emergency Services, on March 17, 2017.
 
The disaster declaration makes SBA assistance available in Alameda, Butte, Colusa, Glenn, Lake, Lassen, Mendocino, Merced, Modoc, Monterey, Napa, Plumas, San Benito, San Joaquin, San Mateo, Santa Clara, Santa Cruz, Shasta, Sierra, Sonoma, Stanislaus, Sutter, Tehama, Yolo and Yuba counties in California; and Washoe County in Nevada.
 
“SBA is strongly committed to providing California with the most effective and customer-focused response possible, and we will be there to provide access to federal disaster loans to help finance recovery for businesses and residents affected by the disaster,” said McMahon. “Getting our businesses and communities up and running after a disaster is our highest priority at SBA.”
 
“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 SBA’s acting Regional Administrator Robert Blaney. “Beginning Wednesday, March 22, 2017, SBA representatives will be on hand at the following Disaster Loan Outreach Centers to answer questions about SBA’s disaster loan program, explain the application process and help each individual complete their application,” Blaney continued. The centers will be open on the days and times indicated below until further notice. No appointment is necessary.
 

COLUSA COUNTY Disaster Loan Outreach Center Maxwell Fire Department 231 Oak St. Maxwell, CA  95955 Opens 9 a.m. Wednesday, March 22 Mondays - Fridays, 9 a.m. – 5:30 p.m.	LAKE COUNTY Disaster Loan Outreach Center WorkforceLake Building 55 First St., Suite 114 Lakeport, CA  95453 Opens 9 a.m. Wednesday, March 22 Mondays - Fridays, 9 a.m. – 5:30 p.m.
LASSEN COUNTY Disaster Loan Outreach Center Susanville Fire Department 1505 Main St. Susanville, CA  96130 Opens 9 a.m. Wednesday, March 22 Mondays - Fridays, 9 a.m. – 5:30 p.m.	PLUMAS COUNTY Disaster Loan Outreach Center Plumas County Courthouse Annex 270 County Hospital Road Quincy, CA  95971 Opens 9 a.m. Wednesday, March 22 Mondays - Fridays, 9 a.m. – 5:30 p.m.

 

SANTA CLARA COUNTY Disaster Loan Outreach Center City Hall 12th Floor - Room 1231 200 East Santa Clara St. San Jose, CA  95113 Opens 10 a.m. Wednesday, March 22 Mondays - Fridays, 10 a.m. – 7 p.m. Closed Friday, March 31 for Cesar Chavez Day

SANTA CRUZ COUNTY Disaster Loan Outreach Center Santa Cruz County Governmental Center Third Floor - Elections Office 701 Ocean St. Santa Cruz, CA  95060 Opens 9 a.m. Wednesday, March 22 Mondays - Fridays, 9 a.m. – 5:30 p.m. Closed Friday, March 31 for Cesar Chavez Day

 
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 the same type of disaster 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 $200,000 are available to homeowners to repair or replace damaged or destroyed real estate. Homeowners and renters are eligible for up to $40,000 to repair or replace damaged or destroyed personal property.
 
Interest rates can be as low as 3.15 percent for businesses, 2.5 percent for private nonprofit organizations and 1.875 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.
 
Applicants may apply online using SBA’s secure website at https://disasterloan.sba.gov/ela.
 
Disaster loan information and application forms are also available from SBA’s Customer Service Center by calling (800) 659-2955 or emailing disastercustomerservice@sba.gov. Individuals who are deaf or hard‑of‑hearing may call (800) 877-8339. For more disaster assistance information or to download applications, visit https://www.sba.gov/disaster. Completed applications should be mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX  76155.
 
The filing deadline to return applications for property damage is May 19, 2017. The deadline to return economic injury applications is Dec. 20, 2017.