LOS ANGELES – Federal aid is now available for Angelenos and businesses impacted by the historic early February storms. After calling for federal assistance, Mayor Bass is encouraging residents, small business owners and other Angelenos who were impacted to apply for the low-interest disaster loans with the federal government.
“The City’s recovery began the second the storm started and continued urgently as we worked to reopen roads impacted by mudslides and established Local Assistance Centers for storm recovery,” said Mayor Bass. “I thank Governor Newsom for pushing for assistance for Los Angeles and SBA Administrator Isabel Guzman for taking action to help impacted Angelenos. If your business, your home or your organization was impacted by the early February storm, we encourage you to look into applying for the now available federal assistance.”
In February, the City of Los Angeles announced the opening of Local Assistance Centers for homeowners, renters, and business owners impacted by the early February storms that hit Los Angeles. These centers served as a one-stop shop where Angelenos could ask questions and obtain information regarding services and assistance available from government agencies and local nonprofits.
DISASTER LOAN OUTREACH CENTER:
The Virtual Disaster Loan Outreach Center opened Monday, May 20th. The Center will be open weekdays 8:00 AM PT – 4:30 PM PT. Angelenos can call (916) 735-1501 for direct assistance or email FOCWAssistance@sba.gov. The deadline to apply for property damage is July 16, 2024. The deadline to apply for economic injury is Feb. 18, 2025.
WHO CAN APPLY:
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 businesses and homeowners to help with the cost of improvements to protect, prevent or minimize damage from occurring in the future.
For small businesses, most private nonprofit organizations of any size, and other qualifying entities, 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 $500,000 are available to homeowners to repair or replace damaged or destroyed real estate. Homeowners and renters are eligible for up to $100,000 to repair or replace damaged or destroyed personal property, including personal vehicles.
HOW TO APPLY:
Applicants may apply online and receive additional disaster assistance information at SBA.gov/disaster. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services. The deadline to apply for property damage is July 16, 2024. The deadline to apply for economic injury is Feb. 18, 2025.
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