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Disaster Press Releases

CA 14021-01 SBA Offers Disaster Assistance to California Residents and Businesses Affected by the San Diego County Wildfires

SACRAMENTO, Calif. – Low-interest federal disaster loans are available to California residents and business owners affected by the San Diego County wildfires that occurred May 13 – 17, 2014, U. S. Small Business Administration (SBA) Administrator Maria Contreras-Sweet announced today.  SBA acted under its own authority to declare a disaster in response to a request SBA received from Gov. Edmund G. Brown’s designated representative, Mark Ghilarducci, Director of the Governor’s Office of Emergency Services, on June 3.

The disaster declaration makes SBA assistance available in the primary county of San Diego and the neighboring counties of Imperial, Orange and Riverside.

“The U. S. Small Business Administration is strongly committed to providing Californians with the most effective and customer-focused response possible, and we will be there to provide access to federal disaster loans to help finance recovery for residents and businesses affected by the disaster,” said Contreras-Sweet.  “Getting our businesses and communities up and running after a disaster is our highest priority at SBA.”

“Low-interest federal disaster loans are available to homeowners, renters, businesses of all sizes and private, nonprofit organizations whose property was damaged or destroyed by this disaster,” said SBA’s San Diego District Director Ruben Garcia.  “Beginning Tuesday, June 10, SBA representatives will be on hand at the following Disaster Loan Outreach Centers to answer questions about SBA’s disaster loan program, explain the application process and help each individual complete their application,” Garcia continued.  The centers will be open on the days and times indicated.  No appointment is necessary.

Carlsbad
Disaster Loan Outreach Center
Carlsbad City Library Learning Center
3368 Eureka Place, Room 14
(Across from Holiday Park)
Carlsbad, CA 92008

Mondays - Thursdays, 9:30 am to 6 pm;
Fridays, 9:30 am to 5 pm

Open Tuesday, June 10 - Thursday, June 19 San Marcos
Disaster Loan Outreach Center
San Diego County Library
San Marcos Branch
2 Civic Center Drive
San Marcos, CA 92069

Mondays - Thursdays, 9:30 am to 6 pm;
Fridays, 9:30 am to 5 pm

Open Tuesday, June 10 - Thursday, June 19

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, small agricultural cooperatives, small businesses engaged in aquaculture, and most private, nonprofit 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 2.188 percent for homeowners and renters, 2.625 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 on each applicant’s financial condition.

Applicants may apply online using the Electronic Loan Application (ELA) 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 (800) 659-2955 or e-mailing disastercustomerservice@sba.gov.  Individuals who are deaf or hard-of-hearing may call (800) 877-8339.  For more information about SBA’s disaster assistance programs, visit http://www.sba.gov/disaster

The filing deadline to return applications for property damage is August 5, 2014.  The deadline to return economic injury applications is March 6, 2015. 

 

 

SBA Field Operations Center - West, P.O. Box 419004, Sacramento, CA 95841
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Release Number: 
CA 14021-01
Release Date: 
Friday, June 6, 2014
Contact: 
Richard Jenkins (916) 735-1500
Related State: 
California
Field Operations Center: 
West