Friday, 20 September 2024

July 8 is deadline for nonprofits to apply for disaster loans in connection to Valley, Butte fires

SACRAMENTO – Director Tanya N. Garfield of the U.S. Small Business Administration’s (SBA) Disaster Field Operations Center – West reminded California private nonprofit (PNP) organizations of the July 8 deadline to apply for an SBA federal disaster loan for economic injury caused by the Valley fire and Butte fire that occurred between Sept. 9 and Oct. 30, 2015.

PNPs that provide essential services of a governmental nature are eligible for assistance.

According to Garfield, eligible PNPs of any size may apply for SBA Economic Injury Disaster Loans (EIDLs) of up to $2 million to help meet working capital needs caused by the disaster.

“EIDLs may be used to pay fixed debts, payroll, accounts payable and other bills that cannot be paid because of the disaster’s impact. EIDL assistance is available regardless of whether the PNP suffered any property damage,” Garfield said.

These low-interest federal disaster loans are available in Calaveras and Lake counties.

The interest rate is 2.625 percent 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 the Electronic Loan Application (ELA) via 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 This email address is being protected from spambots. You need JavaScript enabled to view it. .

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.

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