The Small Business Administration announced Monday that the remaining two disaster loan assistance centers in San Diego and Spring Valley will officially close Thursday at 6 p.m.
“SBA opened the center to provide individualized assistance to California businesses and residents affected by the severe storms and flooding that occurred from January 21 to 23,” the Center's Disaster Recovery and Resilience Center said in a statement. said Francisco Sanchez Jr., deputy administrator of the Bureau of Economics. S.B.A. “Until the centers are closed, SBA customer service representatives will continue to meet with businesses and residents to answer questions, explain SBA disaster loan programs, and close approved disaster loans.”
No appointment is required to meet with an SBA representative on-site. Mountain View Community Center, 641 S Boundary St. Spring Valley Library (836 Kempton St.)
The deadline to apply for property damage loans has passed, but small businesses, small agricultural cooperatives, small businesses engaged in aquaculture, and most private nonprofits are eligible for Economic Injury Disaster Loans by the 11th, according to the SBA. Applications must be submitted by the 19th of the month.
Economic injury assistance is available whether or not your business suffered property damage.
The interest rate is 4% for businesses and 3.25% for private nonprofit organizations, with terms of up to 30 years, the SBA said in a statement. Interest does not accrue until 12 months after the original disaster loan disbursement date.
Applicants can apply online and receive additional disaster assistance information at SBA.gov/disaster, call the SBA Customer Service Center at 800-659-2955, or email disastercustomerservice@sba.gov for more information. You can receive it by sending.
