One Month Left to Apply for SBA Disaster Loans

SACRAMENTO, Calif. – Director Tanya N. Garfield of the U.S. Small Business Administration’s (SBA) Disaster Field Operations Center – West today reminded California private nonprofit (PNP) organizations of the July 8, 2016, deadline to apply for an SBA federal disaster loan for economic injury caused by Valley Fire and Butte Fire that occurred September 9 – October 30, 2015.  PNPs that provide essential services of a governmental nature are eligible for assistance.

According to Garfield, eligible PNPs of any size may apply for SBA Economic Injury Disaster Loans (EIDLs) of up to $2 million to help meet working capital needs caused by the disaster. “EIDLs may be used to pay fixed debts, payroll, accounts payable and other bills that cannot be paid because of the disaster’s impact. EIDL assistance is available regardless of whether the PNP suffered any property damage,” Garfield said.

These low-interest federal disaster loans are available in Calaveras and Lake counties.

The interest rate is 2.625 percent 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 the Electronic Loan Application (ELA) via 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.

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Monica Vargas

Monica is a Public Information Officer for the California Governor's Office of Emergency Services (Cal OES). She has been involved in the Aliso Canyon Gas Leak, Valley Fire, Butte Fire, historic drought, Oroville Dam Emergency Spillway Incident and 2017 winter storms. She previously served Cal OES as an analyst in international affairs, technology operations and executive staff support.

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