Two loan officials from the U.S. Small Business Administration (SBA) will be on hand at the San Diego County Library’s Bonita-Sunnyside Branch, located at 4375 Bonita Road, Bonita, CA 91902. Loan officers are available to answer questions regarding the SBA’s disaster loan programs, explain the application procedure, and assist customers in completing their loan applications.
“The Small Business Administration’s team is ready to assist California’s small businesses and residents affected by Tropical Storm Hilary,” said SBA Administrator Isabella Casillas Guzman. “We’re committed to providing federal disaster loans swiftly and efficiently, with a customer-centric approach to help businesses and communities recover and rebuild.”
Businesses could use potential loans of up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory, and other commercial assets. Homeowners may be eligible for loans of up to $500,000 to repair or replace damaged or destroyed real estate. Homeowners and renters may be eligible for up to $100,000 in repair or replacement costs for damaged or destroyed personal property, including personal cars. The SBA can also grant additional funding to businesses and homeowners to help with the cost of measures to protect, avoid, or limit potential disaster damage.
SBA offers Economic Injury Disaster Loans to small enterprises, small agricultural cooperatives, small aquaculture businesses, and most private nonprofit organizations of any size to help meet working capital needs caused by the disaster. Regardless of whether the firm incurred property damage, economic harm relief is available.
Applicants may apply in person at the San Diego County Library’s Bonita-Sunnyside Branch’s Disaster Loan Outreach Center. Monday, October 2 through Friday, October 13 until business close: Monday, October 2 from 1:00 p.m. to 6:00 p.m., Tuesdays from 12:00 p.m. to 7:00 p.m., Wednesdays and Thursdays from 10:00 a.m. to 6:00 p.m., and Fridays from 10:00 a.m. to 5:00 p.m Monday, October 9th is a holiday for indigenous peoples.
This SBA Disaster Loans Fact Sheet contains additional information about this program.
People can also get more information about disaster help and apply online at https://disasterloanassistance.sba.gov/. For further information on SBA disaster aid, applicants can call the SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov.
Please phone 7-1-1 if you are deaf, hard of hearing, or have a speech disability to obtain telecommunications relay services.
Applications should be addressed to the US Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
The application date for physical damage loans is November 21st, 2023.
The application date for economic injury loans is June 24th, 2024.
