CA 15352-08 SBA Tops $50 Million in Disaster Assistance Loans

SACRAMENTO, Calif. -

Director Tanya N. Garfield of the U.S. Small Business Administration’s Disaster Field Operations Center-West announced today that SBA has approved more than $50 million in federal disaster loans for California businesses and residents impacted by wildfires in Butte, Lake, Mendocino, Napa, Nevada, Orange, Sonoma and Yuba counties that occurred Oct. 8-31, 2017.

According to Garfield, SBA has approved 388 loans for $51,823,200 to help businesses and residents rebuild and recover from this disaster.

“SBA’s disaster assistance employees are committed to helping businesses and residents rebuild as quickly as possible,” said Garfield. Businesses and residents who sustained damages are encouraged to register prior to the Dec. 11, 2017, deadline with the Federal Emergency Management Agency by visiting

www.disasterassistance.gov

. This is the fastest way to get help. “Don’t miss out on any assistance you may be entitled to by not registering. You don’t need to wait for your insurance to settle or obtain a contractor’s estimate,” she added.

SBA continues to provide one-on-one assistance to disaster loan applicants at the following locations on the days and times indicated. No appointment is necessary.

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 help business and residents 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 nonprofit organizations of all sizes, 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 their damaged or destroyed primary residence. Homeowners and renters are eligible for up to $40,000 to repair or replace damaged or destroyed personal property.

Applicants may apply online, receive additional disaster assistance information and download applications at


https://disasterloan.sba.gov/ela


. 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. Individuals who are deaf or hard‑of‑hearing may call (800) 877-8339. Completed applications should be mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX  76155.

The deadline to apply for property damage is Dec. 11, 2017. The deadline to apply for economic injury is July 12, 2018.