Sacramento, CA – Victor Parker, District Director of the U. S. Small Business Administration’s (SBA) Los Angeles District office, today reminded homeowners and business owners in five California counties that SBA will re-open a Disaster Loan Outreach Center to provide personal service to victims of the Los Angeles County High Winds that occurred from November 30 through December 4, 2011.
Residents and business owners in Los Angeles County and the neighboring counties of Kern, Orange, San Bernardino and Ventura are eligible to apply for these disaster loans.
SBA will resume operations in Pasadena on January 9, 2012. “SBA customer service representatives will be on hand at the following Disaster Loan Outreach Center to issue loan applications, answer questions about SBA’s disaster loan program, explain the application process, and help each individual complete their application,” Parker said.
The center will be open on the days and times indicated. No appointment is necessary.
Los Angeles County
Disaster Loan Outreach Center
Pasadena Fire Headquarters
(Across from the Hilton Hotel)
199 South Los Robles Avenue, Suite 550 (5th floor)
(Validated underground parking is available)
Pasadena, CA 91101
Re-opens Monday, January 9, 2012 at 9 am
Open Monday, January 9 through Friday, January 20
Mondays through Fridays, 9:00 am to 5:30 pm
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.
Businesses of any size 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 making improvements that protect, prevent or minimize the same type of disaster damage from occurring in the future.
For small businesses and most private, nonprofit organizations of any size and aquaculture businesses, SBA offers Economic Injury Disaster Loans (EIDLs) to help meet working capital needs caused by the disaster. EIDL assistance is available regardless of whether the business suffered any property damage.
Interest rates can be as low as 2.063 percent for homeowners and renters, 3 percent for private, nonprofit organizations and 4 percent for businesses, with terms up to 30 years. Loan amounts and terms are set by SBA and are based upon each applicant’s financial condition.
Applicants may apply online via SBA’s secure Web site at https://disasterloan.sba.gov/ela.
Disaster loan information and application forms are also available from SBA’s Customer Service Center by calling SBA at (800) 659-2955, emailing email@example.com, or visiting SBA’s Web site at www.sba.gov/services/disasterassistance. Individuals who are deaf or hard of hearing may call (800) 877-8339.
The filing deadline to return applications for property damage is February 17, 2012. The deadline to return economic injury applications is September 19, 2012.
For more information, visit SBA’s Web site at www.sba.gov.
SBA Field Operations Center - West, P.O. Box 419004, Sacramento, CA 95841
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