Helping California Businesses and Residents Rebuild After Storm and Flooding: SBA Outreach Centers Extend Assistance Until November 19th

Small Business Administration to shut down January storm disaster loan centers

In response to the severe storm and flooding that occurred from January 21 to 23, the Small Business Administration (SBA) established outreach centers in San Diego and Spring Valley to assist California businesses and residents affected by the disaster. These centers will be closing at 6 p.m. on Thursday, but SBA representatives will continue to be available until then to answer questions, explain the disaster loan program, and help close approved loans.

There is no need for an appointment to meet with SBA representatives at either the Mountain View Community Center or the Spring Valley Library. While the deadline for property damage loans has passed, businesses, agricultural cooperatives, aquaculture businesses, and private nonprofits still have until November 19th to apply for economic injury disaster loans. This assistance is available regardless of whether or not a business experienced property damage.

Interest rates for these loans are set at 4% for businesses and 3.25% for private nonprofits, with terms up to 30 years. Interest does not start accruing until one year from the date of the first disaster loan disbursement. Applicants can apply online or access more information about disaster assistance on SBA’s website at www.sba.gov/disaster or contact SBA’s Customer Service Center at (800) 659-2955 or email [disastercustomerservice@sba](mailto:disastercustomerservice@sba).

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