SBA Tops $100 Million in Disaster Assistance Loans for California Wildfires

SACRAMENTO, Calif. – Director Tanya N. Garfield of the U.S. Small Business Administration’s Disaster Field Operations Center-West announced today that SBA has approved more than $114 million in federal disaster loans for California businesses and residents impacted by the wildfires in Butte, Los Angeles, and Ventura counties that occurred Nov. 8-25, 2018. According to Garfield, SBA has approved $2,819,400 for business and $111,427,700 for residents to help rebuild and recover from this disaster.

“SBA’s disaster assistance employees are committed to helping businesses and residents rebuild as quickly as possible,” said Garfield. Businesses and residents in Butte, Los Angeles, and Ventura counties who sustained damages are encouraged to register prior to the Jan. 11, 2019, deadline with the Federal Emergency Management Agency at www.disasterassistance.gov. “Don’t miss out on any assistance you may be entitled to by not registering for help. You don’t need to wait for your insurance to settle or obtain a contractor’s estimate,” she added.

SBA continues to provide one-on-one assistance to disaster loan applicants at the following locations on the days and times indicated. No appointment is necessary.

 

BUTTE COUNTY

Business Recovery Center

Chico Mall

1982 E. 20th St.

(former Sears building)

Chico, CA  95928

Mondays – Saturdays, 9 a.m. – 6 p.m.

BUTTE COUNTY

Disaster Recovery Center

Chico Mall

1982 E. 20th St.

(former Sears building)

Chico, CA  95928

Mondays – Saturdays, 9 a.m. – 6 p.m.

BUTTE COUNTY

Disaster Recovery Center

2140 Feather River Blvd.

(next to Goodwill)

Oroville, CA  95965

 

Mondays – Saturdays, 9 a.m. – 6 p.m.

LOS ANGELES COUNTY

Disaster Recovery Center

Conrad L. Hilton Foundation

30440 Agoura Road

Agoura Hills, CA  91301

Mondays – Saturdays, 10 a.m. – 8 p.m.

LOS ANGELES COUNTY

Disaster Recovery Center

The Old Malibu Courthouse

23525 Civic Center Way

Malibu, CA  90265

Mondays – Saturdays, 10 a.m. – 8 p.m.

VENTURA COUNTY

Disaster Recovery Center

Janss Market Place

173 North Moorpark Road, Suite A

Thousand Oaks, CA  91360

Mondays – Fridays, 9 a.m. – 7 p.m.

Saturdays, 9 a.m. – 5 p.m.

 

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. The SBA can also lend additional funds to help business and residents with the cost of making improvements that protect, prevent or minimize the same type of disaster damage from occurring in the future.

Disaster loans up to $200,000 are available to homeowners to repair or replace their damaged or destroyed primary residence. Homeowners and renters are eligible for up to $40,000 to repair or replace damaged or destroyed personal property. These low-interest federal disaster loans are available in the primary counties of Butte, Los Angeles and Ventura.

For small businesses and most private nonprofit organizations of all sizes, 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. These economic injury disaster loans are available in Butte, Colusa, Glenn, Kern, Los Angeles, Orange, Plumas, San Bernardino, Santa Barbara, Sutter, Tehama, Ventura and Yuba counties. The deadline to apply for economic injury is Aug. 12, 2019.

Interest rates can be as low as 3.74 percent for businesses, 2.75 percent for private nonprofit organizations and 2 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.

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About the U.S. Small Business Administration

The U.S. Small Business Administration makes the American dream of business ownership a reality. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.

 

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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