SACRAMENTO – Low-interest federal disaster loans are available to California businesses and residents affected by the Round Fire that occurred February 6 – 12, 2015, U.S. Small Business Administration's (SBA) Administrator Maria Contreras-Sweet 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, on March 5, 2015.
The disaster declaration makes SBA assistance available in Alpine, Fresno, Inyo, Madera, Mono and Tuolumne counties in California; and Douglas, Esmeralda, Lyon and Mineral counties in Nevada.
"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 Fresno District Director Carlos G. Mendoza. "Beginning Thursday, March 12, SBA representatives will be on hand at the following Disaster Loan Outreach Center to answer questions about SBA's disaster loan program, explain the application process and help each individual complete their application," Mendoza continued. The center will be open on the days and times indicated. No appointment is necessary.
Interest rates can be as low as 4 percent for businesses, 2.625 percent for private nonprofit organizations and 1.813 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.
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 information about SBA's disaster assistance programs, visit http://www.sba.gov/disaster.
The filing deadline to return applications for property damage is May 11, 2015. The deadline to return economic injury applications is December 11, 2015.
The disaster relief loans have been a tremendous help for Fire restoration and the rebuilding of these homes due to these horrible disasters. We should all be thankful for programs like this in place.
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