Businesses that have suffered financial losses due to the natural gas leak in Porter Ranch can now apply for Small Business Association loans, Rep. Brad Sherman announced Wednesday.
According to Sherman, D-Sherman Oaks, said the unsecured loans can have terms of up to 30 years, with interest rates below 4 percent.
“SoCalGas should be solely responsible for the costs associated with this leak, but I am glad to see that federal assistance is immediately available to the affected businesses,” Sherman said. “The SBA can now help alleviate some of the financial hardship with loans on favorable terms.”
Business owners interested in the loans can contact (818) 501-9200.
The state Board of Equalization announced earlier that business owners affected by the gas leak can request an extension to file their tax returns, and obtain relief from penalties and interest on selected fees, such as lumber assessments and fuel taxes. Business owners can obtain information online or contact the BOE customer service center during weekday business hours at (800) 400-7115.
— Wire reports