SBA Disaster Aid Still Available to Business Owners in Fire Areas
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Federal Small Business Administration disaster assistance is still available to business owners in Southern California counties that were ravaged by firestorms in late October. Small-business owners in Orange County are among those eligible for loans of up to $1.5 million to help offset economic losses caused by the disaster.
“These are low-interest working capital loans designed to help businesses meet ongoing financial obligations,” said Mike Howland, SBA acting regional administrator in San Francisco. “The interest rate for these loans is 4% and the term may go as long as 30 years.”
Business owners can call the SBA at (800) 488-5323 or register for loans at the Disaster Application Center at 505 Forest Ave. in Laguna Beach.
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