The U.S. Small Business Administration (SBA) offers disaster assistance to California businesses and residents affected by wildfires. Key details include:
• Disaster Assistance Programs:
• Physical Damage Loans: Up to $2 million for businesses to repair or replace damaged property.
• Economic Injury Disaster Loans (EIDL): Up to $2 million for small businesses and nonprofits to cover working capital needs.
• Home Disaster Loans: Up to $200,000 for homeowners to repair or replace their primary residence; up to $40,000 for homeowners and renters to replace personal property.
• Eligibility:
• Businesses of all sizes, private nonprofits, homeowners, and renters in declared disaster areas.
• Application Process:
• Apply online via the SBA’s Disaster Loan Assistance portal.
• Deadlines vary; check the SBA website for specific dates.
• Interest Rates and Terms:
• Low-interest rates; terms up to 30 years.
• Rates and terms determined on a case-by-case basis.
• Additional Resources:
• SBA Customer Service Center: 1-800-659-2955.
• Email: disastercustomerservice@sba.gov.
• Local Disaster Recovery Centers for in-person assistance.
For comprehensive information and to apply, visit the SBA’s official website, http://www.sba.gov/disaster.
