If you had significant damage from the recent high winds in the region, Small Business Administration disaster loans are being made available. Managing editor Tami Roleff has details…
Low-interest federal disaster loans are available through the Small Business Administration to California residents and business owners affected by the high winds that blew through the area November 30 through December 4. 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 the disaster. 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. Interest rates range from 2 to 4 percent, with terms up to 30 years. Disaster loan information and application forms are available from SBA’s Customer Service Center by calling the SBA at 800-659-2955 or email [email protected], or visit SBA’s Web site at: www.sba.gov/services/disasterassistance . In addition, the SBA will have a help center open in January. The center will be open Mondays through Fridays, January 9 through Friday, January 20, from 9 to 5:30. No appointments are necessary. Disaster Loan Outreach Center, Pasadena Fire Headquarters, 199 South Los Robles Avenue, Suite 550 (5th floor), Pasadena, CA 91101.
WIND STORM DISASTER LOANS NOW AVAILABLE
