WASHINGTON — The U.S. Small Business Administration (SBA) announced today Disaster Loan Outreach Centers in Los Angeles County will remain open to assist businesses, private nonprofit (PNP) organizations and residents affected by wildfires occurring Jan. 7-31.
SBA customer service representatives will continue to be on hand at Disaster Loan Outreach Centers (DLOCs) in Pacific Palisades and Pasadena to answer questions as well as assist with the disaster loan application process. No appointment is necessary, walk-ins are welcome. Those who prefer to schedule an in-person appointment in advance can do so at appointment.sba.gov.
The centers hours of operation are as follows:
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LOS ANGELES COUNTY Mondays - Saturdays, 8:30 a.m. – 5:00 p.m. |
LOS ANGELES COUNTY Mondays - Fridays, 9:00 a.m. – 6:00 p.m. |
The following Business Recovery Center is also open and continues to serve survivors:
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LOS ANGELES COUNTY Mondays - Wednesdays, 10:00 a.m. – 5:00 p.m. |
Under this declaration, SBA’s Economic Injury Disaster Loan (EIDL) program is available to eligible small businesses, small agricultural cooperatives, nurseries and PNPs including faith-based organizations impacted by financial losses directly related to this disaster. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for aquaculture enterprises.
EIDLs are for working capital needs caused by the disaster and are available even if the business or PNP did not suffer any physical damage. They may be used to pay fixed debts, payroll, accounts payable, and other bills not paid due to the disaster.
The loan amount can be up to $2 million with interest rates as low as 4% for businesses and 3.625% for PNPs with terms up to 30 years. Interest does not accrue, and payments are not due until 12 months from the date of the first loan disbursement. The SBA sets loan amounts and terms based on each applicant’s financial condition.
To apply online, visit sba.gov/disaster. 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. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.
Although the deadline to submit economic injury disaster loan applications has passed, there is a 60-day grace period when the SBA will accept applications. The grace period ends on Dec. 7.
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About the U.S. Small Business Administration
The U.S. Small Business Administration helps power the American dream of business ownership. 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, 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.