April 24, 2017

SACRAMENTO, Calif. – District Director Mark Quinn of the U.S. Small Business Administration’s San Francisco District office announced today that SBA will close its San Jose Disaster Loan Outreach Center in Santa Clara County at 1 p.m. on Friday, April 28.

“SBA opened the center to provide personalized assistance to California businesses and residents who were affected by the severe storms and flooding that occurred Feb. 1 – 25, 2017. Until the San Jose center closes, SBA customer service representatives will continue to be available to meet with businesses and residents to answer their questions, explain SBA’s disaster loan program and close their approved disaster loans,” said Quinn.

Businesses and residents can meet with SBA representatives on the days and times indicated below. No appointment is necessary.

SANTA CLARA COUNTY
Disaster Loan Outreach Center
San Jose City Hall
200 E Santa Clara St.
12th Floor, Room 1231
San Jose, CA 95113
Monday – Thursday, 10 a.m. – 7 p.m.
Friday, 10 a.m. – 1 p.m.Closes 1 p.m. Friday, April 28

SBA customer service representatives continue to be available until further notice at the Santa Cruz Disaster Loan Outreach Center to meet individually with business owners and residents:

SANTA CRUZ COUNTY
Disaster Loan Outreach Center
Santa Cruz County Governmental Center
701 Ocean St.
3rd Floor Elections Office
Santa Cruz, CA 95060
Mondays – Fridays, 9 a.m. – 5:30 p.m.

According to Quinn, SBA has approved $6,268,200 in federal disaster loans for California businesses and residents impacted by these storms, including $2,904,900 for businesses and $3,363,300 for residents to help rebuild and recover from this disaster.

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 homeowners and businesses 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 regardless of whether the business suffered 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 3.15 percent for businesses, 2.5 percent for private nonprofit organizations and 1.875 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.

Applicants may apply online using SBA’s secure website at https://disasterloan.sba.gov/ela.

Disaster loan information and application forms are also available from SBA’s Customer Service Center by calling (800) 659-2955 or emailing disastercustomerservice@sba.gov. Individuals who are deaf or hard of hearing may call (800) 877-8339. For more disaster assistance information or to download applications, visit https://www.sba.gov/disaster. Completed applications should be mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.

The filing deadline to return applications for property damage is May 19, 2017. The deadline to return economic injury applications is Dec. 20, 2017.

Media Contact:
Richard Jenkins
Phone: (916) 735-1500
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