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Thanks to legislation approved by Congress and signed by President Biden, SBA has received $2 billion to resume issuing disaster loans. Residents and businesses can now get the disaster loan assistance they need to recover from recent disasters across the nation.
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.