April 28, 2025 Your Source for Brentwood News

SBA Stands Ready to Assist California Businesses and Residents Affected by Wildfires, Flooding, Mudflows and Debris Flows

Low-interest federal disaster loans are now available to California businesses and residents as a result of President Trump’s major disaster declaration, U.S. Small Business Administration’s Administrator Linda McMahon announced.

The declaration covers Los Angeles, San Diego, Santa Barbara and Ventura counties as a result of the wildfires, flooding, mudflows and debris flows directly related to the wildfires that began Dec. 4, 2017.

“SBA is strongly committed to providing California with the most effective and customer-focused response possible and with access to federal disaster loans to help California businesses and residents affected by this disaster,” said McMahon. “Getting our businesses and communities up and running after a disaster is our highest priority at SBA.”

Businesses of all sizes 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. SBA can also lend additional funds to businesses and homeowners to help with the cost of improvements to protect, prevent or minimize the same type of disaster damage from occurring in the future.

For small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations of any size, SBA offers Economic Injury Disaster Loans to help meet working capital needs caused by the disaster. Economic injury assistance is available to businesses regardless of any property damage.

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.

Interest rates can be as low as 3.385 percent for businesses, 2.5 percent for private nonprofit organizations and 1.75 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.

To be considered for all forms of disaster assistance, survivors must first register with the Federal Emergency Management Agency at www.disasterassistance.gov. As soon as Federal-State Disaster Recovery Centers open throughout the affected area, SBA will provide one-on-one assistance to disaster loan applicants. Additional information and details on the location of disaster recovery centers is available by calling the SBA Customer Service Center at (800) 659-2955.

Related Posts

Performing Arts Workshops Summer Camp Open for Registration

April 28, 2025

April 28, 2025

Performing Arts Workshops (PAW) has something for everyone this summer. They offer four two-week musical theater camps and eight one-week...

Spring Brewery Artwalk & Open Art Studios

April 28, 2025

April 28, 2025

Where Art Lives. If you’re looking for something fun and different to do,the Brewery Artwalk is holding its Spring Artwalk...

Gene Simmons Lists Modern Beverly Hills Home for $14 Million Amid Downsizing

April 27, 2025

April 27, 2025

Kiss Rocker is Trimming His Real Estate Portfolio, Parting Ways With a Luxury Home Rock legend Gene Simmons is looking...

March Sees Another Dip in Home Sales as Inventory Grows Nationwide

April 27, 2025

April 27, 2025

Existing-Home Sales Fall, Inventory Builds as Buyers Face Higher Prices Existing-home sales across the United States declined in March, according...

Sarah Paulson’s Malibu “Jewel Box” Trailer Finds Buyer After Price Drops

April 27, 2025

April 27, 2025

“American Horror Story” Star Still Turned a Profit Despite  Actress Sarah Paulson has sold her renovated trailer home in Malibu’s...

LA City Attorney Drops Charges in Majority of UCLA, USC Protest Arrests

April 27, 2025

April 27, 2025

Charges Filed Against Edan On, After LA District Attorney Dropped Charges Los Angeles City Attorney Hydee Feldstein Soto announced on...

Mayor Issues Emergency Order to Waive Permit Fees for Palisades Residents

April 27, 2025

April 27, 2025

City Departments Ordered to Suspend Collection of Fees for Rebuilding Mayor Karen Bass on Friday issued an Emergency Executive Order...

West Hollywood Braces for Controversial Rally, Reaffirms Commitment to Equality

April 25, 2025

April 25, 2025

City of West Hollywood Condemns Harmful Rhetoric Ahead of Planned Assembly City officials and public safety leaders in West Hollywood are preparing...

(Video) The Willows: 30 Years Going Strong

April 25, 2025

April 25, 2025

Founded in 1994, The Willows Community School, located in Culver City, California, is a Developmental Kindergarten through 8th grade non-profit, co-educational...

ASTEME Camps Explore Science, Technology, Math and Engineering

April 25, 2025

April 25, 2025

Many teachers and parents hear this question daily when it comes to schooling: “When am I ever going to use...

Skirball Center’s Puppet Festival Promises an Afternoon of Imagination and Play

April 24, 2025

April 24, 2025

SoCal’s Top Puppeteers Will Perform Alongside Live Music, DIY Puppet-Making The Skirball Cultural Center is set to transform into a...

Q&A: No Age Limit on Home Care Management & Home Safety, Tips from a Care Manager

April 24, 2025

April 24, 2025

In-home safety issues that go unnoticed — cracked sidewalks, broken railings or uneven flooring for example — are often the root...

Brentwood Farmers Market Responds to Traffic Complaints with New Safety Steps

April 24, 2025

April 24, 2025

Farmers Market Takes Action to Support New Palisades Vendors In response to growing concerns over Sunday traffic congestion caused by...

Culver City Police Hosts DEA Drug Take Back Day on April 26

April 24, 2025

April 24, 2025

Dispose of Expired Prescriptions Safely and Anonymously The Culver City Police Department will participate in National Prescription Drug Take Back...

Former Cedars-Sinai OB-GYN Accused of Sexually Abusing Patients for Four Decades

April 24, 2025

April 24, 2025

Ten Women Say Their Reports Were Ignored as Brock Continued to Practice for Decades. A group of 10 women has...