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ASSISTANCE FOR BUSINESSES AND RESIDENTS AFFECTED BY THE FIRES
Apply Now!
Mountain Fire: SBA acted under its own authority to declare a disaster in response to a request SBA received from Gov. Gavin Newsom’s authorized representative, Director Nancy Ward, of the California Office of Emergency Services on November 25. The disaster declaration makes low-interest federal disaster loans available to residents and businesses the counties of Ventura, Santa Barbara, Los Angeles and Kern who were affected by the Mountain Fire that began November 6.
Wildfires and Straight-line Winds: SBA Administrator Isabel Casillas Guzman announced that low-interest federal disaster loans are now available to Southern California businesses, homeowners, renters and private nonprofit (PNP) organizations following President Joe Biden’s major disaster declaration. The declaration covers Los Angeles and the contiguous counties of Kern, Orange, San Bernardino, and Ventura due to wildfires and straight-line winds that began on January 7.
Learn more about the loan options below and view SBA’s Disaster Declaration for Mountain Fire HERE and Wildfires and Straight-line Winds HERE.
Low-Interest Loans From SBA
The Small Business Administration (SBA) offers federal low-interest disaster loans to businesses of all sizes, most private nonprofit organizations, homeowners and renters. Click here to learn more about the lending options below. SBA Customer Service #: 1.800.659.2955. UPDATED: View SBA’s Loan Fact Sheet for the Mountain Fire HEREand Wildfires and Straight-line Winds HERE.
Loans for those in declared disaster areas:
- Business Physical Disaster Loans: Businesses may borrow up to $2 million to repair or replace disaster-damaged property owned by the business, including real estate, inventories, supplies, machinery and equipment. Businesses of any size are eligible. Private, nonprofit organizations such as charities, churches, private universities, etc., are also eligible.
- UPDATED: Mountain Fire: APPLICATION DUE January 28, 2025 *Still Accepting Applications
- UPDATED: Wildfires and Straight-line Winds: APPLICATION DUE March 31, 2025
- Home Disaster Loans: Homeowners or renters may borrow up to $500,000 for the repair or replacement of real estate and $100,000 to repair or replace personal property. Subject to these maximums, loan amounts cannot exceed the verified uninsured disaster loss.
- UPDATED: Mountain Fire: APPLICATION DUE January 28, 2025 *Still Accepting Applications
- UPDATED: Wildfires and Straight-line Winds: APPLICATION DUE March 31, 2025
- Economic Injury Disaster Loans (EIDL): Up to $2 million in working capital loans to help small businesses, small agricultural cooperatives, small businesses engaged in aquaculture, and most private, nonprofit organizations of all sizes meet their ordinary and necessary financial obligations that cannot be met as a direct result of the disaster. These loans are intended to assist through the disaster recovery period.
- Mountain Fire: APPLICATION DUE August 29, 2025
- Wildfires and Straight-line Winds: APPLICATION DUE October 8, 2025
*Subject to change based on SBA’s guidelines
Do you need guidance applying for SBA disaster relief or have questions? The SBA has opened a Disaster Loan Outreach Center to help.
SBA Disaster Loan Outreach Center
Ventura County Community Foundation Building
EDC Meeting Room
4001 Mission Oaks Blvd. Suite A-1
Mondays – Saturdays, 8:00 am – 5:00 pm
Tagalog Speakers Available
FEMA Disaster Assistance
FEMA announced that federal disaster assistance is available to the state of California to supplement recovery efforts in the areas affected by wildfires and straight-line winds from January 7, 2025, and continuing. For individuals and business owners who sustained losses in the designated areas, it is essential to register with FEMA as soon as possible. You must first file a claim with your insurance company if you have insurance.
CLICK HERE for more information and to learn how to apply for FEMA Disaster Assistance!
EDC Small Business Development Center is here to help your business during Disaster Recovery:
The EDC Small Business Development Center is providing NO-COST advising to businesses impacted by the disaster, including:
- Counseling for financial, accounting, marketing and other post-disaster challenges
- Management and technical assistance
- Business planning to help business owners re-establish their operations and plan for their future
- Assistance with updating or rewriting business plans
Call 805.409.9159 or CLICK HERE to get started.
Resources
Ventura County Emergency Site CLICK HERE
Santa Barbara County Emergency Site CLICK HERE
Los Angeles County Emergency Site CLICK HERE
Los Angeles EDC Wildfire Support CLICK HERE
SBDC Lead Center: NO-COST Live Webinar with Resources for Small Business Owners Affected by LA Fires March 18, 20, 25 and 27 at 11:00 am CLICK HERE for additional information. |
