PALMDALE – A disaster loan outreach center for Antelope Valley residents and business owners affected by flash floods, mudslides and debris flows in October’s record-breaking rainstorm will close at noon on Wednesday, Nov. 25, for the Thanksgiving holiday and reopen at 1 p.m. Monday, Nov. 30.
The center, located at 827 E. Avenue Q-9 in Palmdale, will close permanently at 6 p.m. Thursday, Dec. 3.
County officials and the U.S. Small Business Administration set up the Palmdale office to provide extra help for affected residents.
“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 can borrow up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory and other 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 and can be as low as 4 percent for businesses, 2.625 percent for private nonprofit organizations and 1.875 percent for homeowners and renters with terms up to 30 years.
Applicants may also apply online at https://disasterloan.sba.gov/ela or by calling (800) 659-2955 or emailing firstname.lastname@example.org.
The filing deadline to return applications for property damage is Jan. 17. The deadline to return economic injury applications is Aug. 17.
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