SBA Extends Disaster Assistance to Imperial County Residents & Businesses Affected by Winter Storms

Ruben Garcia, District Director of the U.S. Small Business Administration’s (SBA) San Diego District Office, announced today that low-interest federal disaster loans are now available to Imperial County residents and business owners affected by the severe winter storms, flooding, and debris and mud flows that occurred throughout parts of Southern California from December 17, 2010 through January 4, 2011.
SBA amended its February 2 declaration following damage assessments completed in San Diego County on February 9. The disaster declaration extends SBA assistance to Imperial County because it is contiguous to San Diego County. Disaster declarations issued by the Administrator of SBA include contiguous counties for both property damage and economic injury sustained as a result of storms.
The amended declaration now covers the California counties of Imperial, Inyo, Kern, Kings, Los Angeles, Monterey, Orange, Riverside, San Bernardino, San Diego, San Luis Obispo and Santa Barbara, the neighboring Arizona counties of La Paz and Mohave and the neighboring Nevada county of Clark.
“Low-interest federal disaster loans are available to homeowners, renters, businesses of all sizes and private, non-profit organizations whose property was damaged or destroyed by the disaster,” said Garcia. Customer service representatives continue to be on hand at the following SBA Disaster Loan Outreach Center in San Diego County to issue loan applications, answer questions about SBA’s disaster loan program, explain the application process and help each individual complete their application. The center will be open on the days and times indicated. No appointment is necessary.
San Diego County
Disaster Loan Outreach Center
Serra Mesa Recreation Center, 9020 Village Glen Drive, San Diego, CA 92123
(from Aero Drive take Ruffin Road south & turn right on Village Glen)
Mondays through Fridays, 8 am – 4:30 pm, until further notice
Closed on February 21 in observance of President’s Day
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, non-profit 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 homeowners and businesses to help 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, non-profit organizations of any size, SBA offers Economic Injury Disaster Loans (EIDLs) to help meet working capital needs caused by the disaster. EIDL assistance is available regardless of whether the business suffered any property damage.
Interest rates can be as low as 2.25 percent for homeowners and renters, 3 percent for private, non profit organizations and 4 percent for businesses, with terms up to 30 years. Loan amounts and terms are set by SBA and are based upon each applicant’s financial condition.
Disaster loan information and application forms are also available from SBA’s Customer Service Center by calling SBA toll-free at (800) 659-2955, emailing mailto:disastercustomerservice@sba.gov, or visiting SBA’s Web site at http://www.sba.gov/services/disasterassistance. Hearing impaired individuals may call (800) 877-8339.
Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure Web site at https://disasterloan.sba.gov/ela.
The filing deadline to return applications for property damage is April 4, 2011. The deadline to return economic injury applications is November 2, 2011.
For more information, visit SBA’s Web site at http://www.sba.gov/services/disasterassistance.
SBA Field Operations Center – West, P.O. Box 419004, Sacramento, CA 95841

This entry was posted in Imperial Valley News. Bookmark the permalink.

One Response to SBA Extends Disaster Assistance to Imperial County Residents & Businesses Affected by Winter Storms

  1. Pingback: Tweets that mention SBA Extends Disaster Assistance to Imperial County Residents & Businesses Affected by Winter Storms | Holtville Tribune · I.V. Weekly-Chronicle -- Topsy.com

Comments are closed.