WASHINGTON – The U.S. Small Business Administration (SBA) announced today the extended hours of a Disaster Loan Outreach Center (DLOC) in Los Angeles County to assist businesses, private nonprofit (PNP) organizations and residents affected by wildfires occurring Jan. 7-31.
On Saturday, Dec. 6 and Saturday, Dec. 13, SBA customer service representatives will be on hand at the Disaster Loan Outreach Center in Pacific Palisades to answer questions and 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 center’s hours of operation are as follows:
LOS ANGELES COUNTY
Disaster Loan Outreach Center
Ronald Reagan Palisades Post 283
15247 La Cruz Drive
Pacific Palisades, CA 90272
Mondays – Fridays, 8:30 a.m. - 5:00 p.m.
Saturday, December 6, 8:30 a.m. - 3:00 p.m.
Saturday, December 13, 8:30 a.m. - 12:00 p.m.
Closes permanently Wednesday, December 17
“When disasters strike, SBA’s Disaster Loan Outreach Centers perform an important role by assisting small businesses and their communities,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the U.S. Small Business Administration. “At these centers, our SBA specialists help business owners and residents apply for disaster loans and learn about the full range of programs available to support their recovery.”
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 60-day grace period for submitting physical damage applications has passed, and the deadline to submit EIDL applications has passed, there is a 60-day grace period when the SBA will accept EIDL 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.