• SBA Offers Disaster Assistance to CA Businesses Affected by Flooding

    March 23, 2017

     

    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. 
    Contact:
    Richard Jenkins
    916-735-1500

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