SBA Disaster Loan Outreach Centers to Close in Santa Barbara and Ventura

SACRAMENTO, Calif. – Director Tanya N. Garfield of the U.S. Small Business Administration’s Disaster Field Operations Center-West announced today that SBA will close its Disaster Loan Outreach Centers in Santa Barbara and Ventura on Friday, March 16, 2018.

“SBA opened the centers to provide personalized assistance to California businesses and residents who were affected by the wildfires, flooding, mudflows and debris flows that began Dec. 4, 2017. Until the centers close, SBA customer service representatives will continue to be available to meet with businesses and residents to answer their questions, explain SBA’s disaster loan program and close their approved disaster loans,” said Garfield.

Businesses and residents can meet with SBA representatives on the days and times as indicated below. No appointment is necessary.

SANTA BARBARA

Disaster Loan Outreach Center

Calvary Chapel Santa Barbara

(Main Entrance)

1 North Calle Cesar Chavez

Santa Barbara, CA  93103

Wednesday – Friday, 9 a.m. – 6 p.m.

Closes 6 p.m. Friday, March 16

VENTURA

Disaster Loan Outreach Center

Ventura County Credit Union

6026 Telephone Road

Ventura, CA  93003

Wednesday, 9 a.m. – 4 p.m.

Thursday – Friday, 9 a.m. – 5 p.m.

Closes 5 p.m. Friday, March 16

Until the centers close, 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 3.385 percent for businesses, 2.5 percent for private nonprofit organizations and 1.75 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, receive additional disaster assistance information and download applications at https://disasterloan.sba.gov/ela. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. Individuals who are deaf or hard‑of‑hearing may call (800) 877-8339. 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 March 16, 2018. The deadline to return economic injury applications is Oct. 15, 2018.

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Robb Mayberry

Robb Mayberry is a Public Information Officer for the California Governor’s Office of Emergency Services. He has assisted in the response and recovery efforts with some of California’s worst disasters, including the San Refugio Oil Spill, the Valley and Butte Wildfires, Aliso Canyon Gas Leak, Erskine Fire, and the Winters Storms of 2017. Prior to public service, he spent 25 years managing the public and media relations for some of Northern California’s largest healthcare organizations.

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