SBA to Open Disaster Loan Outreach Center in Big Sur

SACRAMENTO, Calif. – Acting Region IX Administrator Robert Blaney of the U.S. Small Business Administration today announced the opening of an additional Disaster Loan Outreach Center in Big Sur to meet the needs of businesses and individuals who were affected by severe storms and flooding that occurred Feb. 1-25, 2017. The center will be located at the Big Sur Station (Multi‑Agency Facility) for two days only beginning 10 a.m. on Wednesday, April 5.

“SBA representatives will be on hand at the center to answer questions about SBA’s disaster loan program and explain the application process,” Blaney continued. “In addition to the new Big Sur location, SBA continues to provide service at Disaster Loan Outreach Centers in San Jose and Santa Cruz,” he said.  No appointment is necessary. The locations and days and hours of operation are as follows:

BIG SUR

Disaster Loan Outreach Center

Big Sur Station (Multi-Agency Facility)

47555 Highway 1

Big Sur, CA 93920

Center open April 5-6 only

Wednesday and Thursday, 10 a.m. – 5 p.m.

SAN JOSE

Disaster Loan Outreach Center

San Jose City Hall

200 E Santa Clara St.

12th Floor, Room 1231

San Jose, CA  95113

Mondays – Fridays, 10 a.m. – 7 p.m.

Closed Friday, March 31 for Cesar Chavez Day

SANTA CRUZ

Disaster Loan Outreach Center

Santa Cruz County Governmental Center

701 Ocean St.

Third Floor Elections Office

Santa Cruz, CA  95060

Mondays – Fridays, 9 a.m. – 5:30 p.m.

Closed Friday, March 31 for Cesar Chavez Day

SBA’s disaster declaration makes 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.

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 homeowners and businesses 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.

SBA 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.

 

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