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SBA To Offer One-on-One Service in Two Los Angeles County Local Assistance Centers Due to Severe Winter Storms

Field Operations Center: 
West
Release Number: 
CA 12038-02
Release Date: 
Friday, February 19, 2010
Contact: 
Richard Jenkins (916) 735-1500

Sacramento, CA – Alberto G. Alvarado, Acting Regional Administrator of the U. S. Small Business Administration’s (SBA), announced today that SBA will be at the Local Assistance Centers in La Crescenta and Long Beach to provide individual service for residents and business owners affected by the severe winter storms which generated heavy rain, snow and high winds causing flooding, debris flows and mudslides beginning January 17.

“Low-interest federal disaster loans are available to homeowners, renters, businesses of all sizes and private, non-profit organizations whose property was damaged or destroyed by the fire,” said Alvarado. “Beginning Tuesday, February 23, SBA customer service representatives will be on hand at the following Los Angeles County Local Assistance Centers to issue loan applications, answer questions about SBA’s disaster loan program, explain the application process and help each individual complete their application,” he continued. The centers will be open on the days and times indicated. No appointment is necessary.

 

LA CRESCENTA
Local Assistance Center
Central Christian Church
5027 New York Avenue
Opens Tuesday, Feb. 23
Mondays thru Fridays, 9 am to 7 pm
& Saturday Feb. 27 only, 9 am to 4 pm
until further notice

 

LONG BEACH
Local Assistance Center
Long Beach Gas & Oil
2400 East Spring Street
Opens Tuesday, Feb. 23
Mondays thru Fridays, 9 am to 7 pm
& Saturday Feb. 27 only, 9 am to 4 pm
until further notice

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, non-profit 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, non-profit organizations of any size, 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 2.562 percent for homeowners and 4 percent for business with terms up to 30 years. Loan amounts and terms are set by SBA and are based on each applicant’s financial condition.  

Disaster loan information and application forms are also available from SBA’s Customer Service Center by calling SBA toll-free at (800) 659-2955, emailing disastercustomerservice@sba.gov, or visiting SBA’s Web site at www.sba.gov/services/disasterassistance. Hearing impaired individuals may call (800) 877-8339. Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure Web site at https://disasterloan.sba.gov/ela.

The filing deadline to return applications for property damage is April 19, 2010. The deadline to return economic injury applications is November 16, 2010.

SBA Field Operations Center - West, P.O. Box 419004, Sacramento, CA 95841

Related State: 
California