CA 15092-01 SBA Offers Disaster Assistance to California Businesses and Residents Affected by Severe Storms and Flooding

SACRAMENTO, Calif. – Low-interest federal disaster loans are available to California businesses and residents affected by severe storms and flooding that occurred Feb. 1-25, 2017, U.S. Small Business Administration’s Administrator Linda McMahon announced today. SBA acted under its own authority to declare a disaster in response to a request SBA received from Gov. Edmund G. Brown, Jr.’s designated representative, Mark S. Ghilarducci, director of the Governor’s Office of Emergency Services, on March 17, 2017.

The disaster declaration makes SBA assistance available in Alameda, Butte, Colusa, Glenn, Lake, Lassen, Mendocino, Merced, Modoc, Monterey, Napa, Plumas, San Benito,
San Joaquin, San Mateo, Santa Clara, Santa Cruz, Shasta, Sierra, Sonoma, Stanislaus, Sutter, Tehama, Yolo and Yuba counties in California; and Washoe County in Nevada.

“SBA is strongly committed to providing California 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 businesses and residents affected by the disaster,” said McMahon. “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 businesses of all sizes, most private nonprofit organizations, homeowners and renters whose property was damaged or destroyed by this disaster,” said SBA’s acting Regional Administrator Robert Blaney. “Beginning Wednesday, March 22, 2017, 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,” Blaney continued. The centers will be open on the days and times indicated below until further notice. No appointment is necessary.

COLUSA COUNTY
Disaster Loan Outreach Center
Maxwell Fire Department
231 Oak St.
Maxwell, CA  95955

Opens 9 a.m. Wednesday, March 22

Mondays - Fridays, 9 a.m. – 5:30 p.m.

LAKE COUNTY
Disaster Loan Outreach Center
WorkforceLake Building
55 First St., Suite 114
Lakeport, CA  95453

Opens 9 a.m. Wednesday, March 22

Mondays - Fridays, 9 a.m. – 5:30 p.m.

LASSEN COUNTY
Disaster Loan Outreach Center
Susanville Fire Department
1505 Main St.
Susanville, CA  96130

Opens 9 a.m. Wednesday, March 22

Mondays - Fridays, 9 a.m. – 5:30 p.m.

PLUMAS COUNTY
Disaster Loan Outreach Center
Plumas County Courthouse Annex
270 County Hospital Road
Quincy, CA  95971

Opens 9 a.m. Wednesday, March 22

Mondays - Fridays, 9 a.m. – 5:30 p.m.

SANTA CLARA COUNTY
Disaster Loan Outreach Center
City Hall
12th Floor - Room 1231
200 East Santa Clara St.
San Jose, CA  95113

Opens 10 a.m. Wednesday, March 22

Mondays - Fridays, 10 a.m. – 7 p.m.

Closed Friday, March 31 for Cesar Chavez Day

SANTA CRUZ COUNTY
Disaster Loan Outreach Center
Santa Cruz County Governmental Center
Third Floor - Elections Office
701 Ocean St.
Santa Cruz, CA  95060

Opens 9 a.m. Wednesday, March 22

Mondays - Fridays, 9 a.m. – 5:30 p.m.

Closed Friday, March 31 for Cesar Chavez Day

Businesses of all sizes 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 businesses and homeowners to help with the cost of improvements to 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 to help meet working capital needs caused by the disaster. Economic injury assistance is available regardless of whether the business suffered any property damage.

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.

Interest rates can be as low as 3.15 percent for businesses, 2.5 percent for private nonprofit organizations and 1.875 percent for homeowners and renters 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 SBA’s secure website 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 emailing disastercustomerservice@sba.gov. Individuals who are deaf or hard‑of‑hearing may call (800) 877-8339. For more disaster assistance information or to download applications, visit https://www.sba.gov/disaster. Completed applications should be mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX  76155.

The filing deadline to return applications for property damage is May 19, 2017. The deadline to return economic injury applications is Dec. 20, 2017.

 

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Release Number: 
CA 15092-01
Release Date: 
Tuesday, March 21, 2017 - 1:15pm
Contact: 
Richard Jenkins (916) 735-1500
Related State: 
California
Field Operations Center: 
West