Mountain View and Spring Valley Disaster Recovery Centers to Become SBA Disaster Loan Outreach Centers

SACRAMENTO, Calif. - The State/Federal Disaster Recovery Centers in Mountain View and Spring Valleywill convert to U.S. Small Business Administration Disaster Loan Outreach Centers on Monday, April 22, 2024.

"At this stage of the recovery process, the emphasis for assistance is to meet the long-term needs of businesses and individuals that were impacted by the severe storm and flooding that occurred Jan. 21 - 23, 2024," said Francisco Sánchez Jr., associate administrator for the Office of Disaster Recovery and Resilience at the Small Business Administration. "The transition of the Mountain View and Spring Valley Disaster Recovery Centers to SBA Disaster Loan Outreach Centers will better meet the current needs of San Diego County residents," Sánchez added.

"SBA representatives will continue to answer questions, explain the application process, help businesses apply for a low-interest disaster loan and close their approved disaster loans," Sánchezcontinued. The Disaster Loan Outreach Centers will be open on the days and times indicated. No appointment is necessary.

Although the deadline to apply for a loan for property damage has passed, small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations of any size still have until Nov. 19, 2024, to apply for an economic injury disaster loan to help meet working capital needs caused by the disaster. Economic injury loan assistance is available regardless of whether the business suffered any property damage.

Interest rates can be as low as 4 percent for businesses, and 3.25 percent for private nonprofit organizations with terms up to 30 years. Loan amounts and terms are set by SBA and are based on each applicant's financial condition.

Interest does not begin to accrue until 12 months from the date of the first disaster loan disbursement. SBA disaster loan repayment begins 12 months from the date of the first disbursement.

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 [email protected] 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 economic injury is Nov. 19, 2024.

###

About the U.S. Small Business Administration
The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow, expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.