SBA Updates

Assistance for Businesses Affected by Wildfires

Low-interest federal disaster loans are now available to California businesses and residents as a result of President Biden’s major disaster declaration. Sierra SBDC advisors are readily available to provide technical assistance to businesses impacted by fires in our region whether through SBA loans or other opportunities such as local loans, working with insurance, state programs, and more. Getting our businesses and communities up and running after a disaster is a high priority.

Eligible 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. For eligible 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 to businesses regardless of any property damage.

To be considered for all forms of disaster assistance, applicants may apply online, receive additional disaster assistance information and download applications at https://disasterloanassistance.sba.gov/. 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. Individuals who are deaf or hard‑of‑hearing may call (800) 877-8339. Completed applications should be mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX  76155.

Sierra SBDC advisors are ready to provide technical assistance to business owners affected by the wildfires in our region. Please call, email, or sign up for business advising to get started with our expert consultants.

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To learn more about whether your County is included in a Disaster Declaration: https://disasterloanassistance.sba.gov/ela/s/

To sign up for SBDC advising, visit: https://www.sierrasbdc.com/join/