The U.S. Small Business Administration will open a disaster loan outreach center Wednesday for Antelope Valley residents and business owners impacted by flash floods, mudslides and debris flows in October’s record-breaking rainstorm.
Los Angeles County Supervisor Michael Antonovich said those who sustained significant damage will be able to get financial help to repair or replace damaged property.
The center, located at 827 E. Avenue Q9 in Palmdale, will be open weekdays from 9 a.m. to 6 p.m. It will close at noon on the day before Thanksgiving, reopening at 1 p.m. on Monday, Nov. 30.
The center will close permanently at 6 p.m. on Dec. 3.
A county official said having an office in Palmdale would help ensure that more residents get help.
“We want to make sure that we reach out to as many people as possible,” said Ken Kondo of the Office of Emergency Management.
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. Additional loans are available to protect against future damage.
Smaller businesses and most nonprofit groups can also request loans to help meet working capital needs caused by the disaster, whether or not they suffered property damage.
Disaster loans for homeowners range up to $200,000 to repair or replace damaged real estate. Renters and homeowners can apply for as much as $40,000 to repair or replace damaged personal property.
Loan amounts, interest rates and other terms are set by SBA and are based on each applicant’s financial condition. Applicants may apply online here or by calling (800) 659-2955 or emailing firstname.lastname@example.org.
— Wire reports