HomeMy WebLinkAbout02.15.19 SBA - FEMA Extends Disaster Registration Deadline to 02.15.19 & Updated Fact Sheet
Clarissa Menchaca
The attached news release has been sent to the media.
9 a.m. to 6 p.m.
Monday thru Saturday
Closed Sunday
9 a.m. to 6 p.m.
Monday thru Saturday
Closed Sunday
10 a.m. to 5 p.m.
Monday thru Saturday Closed Sunday
9 a.m. to 6 p.m.
Monday thru Saturday Closed Sunday (See Note)
January 31, 2019
DR-4407-CA NR 045
Cal OES News Desk: 916-800-3943
FEMA News Desk: 916-718-8540
News Release
FEMA Extends Disaster Registration Deadline to Feb. 15
SACRAMENTO, Calif. Residents in Butte, Los Angeles and Ventura counties who suffered damages
from the Camp, Hill or Woolsey wildfires have 15 more days to register for assistance from the Federal
Emergency Management Agency (FEMA).
Friday, Feb. 15, 2019 is now the last day to register.
extension from FEMA, based on continued registrations, which indicate some are still assessing
their damage and need additional time to apply for aid.
Homeowners, renters and small-business owners must sign-up by Feb. 15 to be considered for eligibility
in any of several federal disaster assistance programs. Survivors should register with FEMA even if they
have insurance. Disaster assistance often provides benefits not covered by insurance.
The Feb. 15 deadline also applies to applications for low-interest disaster loans from the U.S. Small
Business Administration (SBA). -
term rebuilding of disaster-damaged private property. SBA also helps businesses of all sizes, private
nonprofit organizations, homeowners and renters fund repairs or rebuilding efforts and covers the cost of
replacing lost or disaster-damaged personal property.
FEMA's Housing Assistance and Other Needs Assistance grants for medical, dental, and funeral expenses
do not require individuals to apply for an SBA loan. However, applicants referred to SBA must complete
and submit an SBA loan application to be considered for additional forms of disaster assistance.
Applicants who do not qualify for an SBA loan may be referred back to FEMA and may be eligible to
receive Other Needs Assistance grants for these items.
-free number is 800-659-2955. Help is also available by
sending an e-mail to disastercustomerservice@sba.gov or by visiting www.sba.gov. Survivors may apply
online at SBA's secure website: disasterloan.sba.gov/ela/.
Those impacted by the fires can register with FEMA online at www.DisasterAssistance.gov or by calling
800-621-3362 (TTY 800-462-7585). Multi-lingual operators are available. The toll-free numbers are
open daily 7 a.m. to 10 p.m. (PST)
(more)
FEMA Extends Disaster Registration Deadline to Feb. 15, page 2
Survivors can also register and apply for assistance at any Disaster Recovery Center (DRC) jointly
operated by Cal OES and FEMA.
and Mitigation teams, the U.S. Small Business Administration (SBA) and other state and federal agencies,
as well as nongovernmental service organizations.
DRCs are located at:
Chico Mall Creative Learning Center
(Former Sears Store) 1080 Ewald Ct.
th
1982 E. 20 St. Paradise, CA 95969
Chico, CA 95928 10 a.m. to 5 p.m.
9 a.m. to 6 p.m. Monday thru Saturday Closed Sunday
Monday thru Saturday
Closed Sunday
Oroville Store Front Conrad N. Hilton Foundation
2140 Feather River Blvd. 30440 Agoura Rd.
Oroville, CA 95965 Agoura Hills, CA 92362
9 a.m. to 6 p.m. 9 a.m. to 6 p.m.
Monday thru Saturday Monday thru Saturday Closed Sunday
Closed Sunday (See Note)
Note: The Disaster Recovery Center (DRC) at the Conrad N. Hilton Foundation is transitioning
to a U.S. Small Business Administration (SBA) Disaster Loan Outreach Center (DLOC) at close
of business today.
The DRC will cease operations at 6 p.m. Thursday, Jan. 31 at the Hilton Foundation site
located at 30440 Agoura Rd. in Agoura Hills.
An SBA DLOC will open at the Conrad N. Hilton Foundation WESTLAKE CAMPUS, Suite
#116, 1 Dole Dr., Westlake Village, CA 91362 at 9 a.m. on Friday, Feb. 1.
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elping people before, during and after disasters.
All FEMA disaster assistance will be provided without discrimination on the grounds of race, color, sex (including
sexual harassment), religion, national origin, age, disability, limited English proficiency, economic status, or
retaliation. If you believe your civil rights are being violated, call 800-621-3362 or 800-462-7585(TTY/TDD).
-term rebuilding of disaster-damaged private
property. SBA helps businesses of all sizes, private nonprofit organizations, homeowners and renters fund repairs or
rebuilding efforts and cover the cost of replacing lost or disaster-damaged personal property. These disaster loans
cover losses not fully compensated by insurance or other recoveries and do not duplicate benefits of other agencies
Center by calling 800-659-2955, emailing disastercustomerservice@sba.gov
www.sba.gov/disaster. Deaf and hard-of-hearing individuals may call 800-877-8339.
Date: 02/01/2019
U.S. SMALL BUSINESS ADMINISTRATION
FACT SHEET - DISASTER LOANS
CALIFORNIA Declaration #15798 & #15799
(Disaster: CA-00295)
Incident: WILDFIRES
occurring: November 8 through November 25, 2018
in the California counties of: Butte, Los Angeles & Ventura;
and for economic injury only in the contiguous California counties of: Colusa, Glenn, Kern, Orange, Plumas,
San Bernardino, Santa Barbara, Sutter, Tehama & Yuba
Application Filing Deadlines:
Physical Damage: February 15, 2019 Economic Injury: August 12, 2019
If you are located in a declared disaster area, you may be eligible for financialassistance from the U.S. Small Business Administration(SBA).
What Types of Disaster Loans are Available?
Business Physical Disaster Loans – Loans to businesses to repair or replace disaster-damaged property owned by the
business, including real estate, inventories, supplies, machinery and equipment. Businesses of any size are eligible. Private,
non-profit organizations such as charities, churches, private universities, etc., are also eligible.
Economic Injury Disaster Loans (EIDL) – Working capital loans to help small businesses, small agricultural cooperatives, small
businesses engaged in aquaculture, and most private, non-profit organizations of all sizes meet their ordinary and necessary
financial obligations that cannot be met as a direct result of the disaster. These loans are intended to assist through the
disaster recovery period.
Home Disaster Loans – Loans to homeowners or renters to repair or replace disaster-damaged real estate and personal
property, including automobiles.
What are the Credit Requirements?
Credit History – Applicants must have a credit history acceptable to SBA.
Repayment– Applicants must show the ability to repay all loans.
Collateral – Collateral is required for physical loss loans over $25,000 and all EIDL loans over $25,000. SBA takes real estate
as collateral when it is available. SBA will not decline a loan for lack of collateral, but requires you to pledge what is available.
What are the Interest Rates?
By law, the interest rates depend on whether each applicant has Credit Available Elsewhere. An applicant does not have Credit
Available Elsewhere when SBA determines the applicant does not have sufficient funds or other resources, or the ability to borrow from
non-government sources, to provide for its own disaster recovery. An applicant, which SBA determines to have the ability to provide for
his or her own recovery is deemed to have Credit Available Elsewhere. Interest rates are fixed for the term of the loan. The interest
rates applicable for this disaster are:
No Credit Available Credit Available
Loan Types
ElsewhereElsewhere
Home Loans2.000% 4.000%
Business Loans 3.740% 7.480%
Non-Profit Organizations 2.750% 2.750%
Economic Injury Loans
No Credit Available Credit Available
Loan Types
ElsewhereElsewhere
Businesses & Small Agricultural Cooperatives 3.740% N/A
Non-Profit Organizations 2.750% N/A
What are Loan Terms?
The law authorizes loan terms up to a maximum of 30 years. However, the law restricts businesses with credit available elsewhere to a
maximum 7-year term. SBA sets the installment payment amount and corresponding maturity based upon each borrower’s ability to
repay.
Amendment #3
Date: 02/01/2019
What are the Loan Amount Limits?
Business Loans – The law limits business loans to $2,000,000 for the repair or replacement of real estate, inventories,
machinery, equipment and all other physical losses. Subject to this maximum, loan amounts cannot exceed the verified
uninsured disaster loss.
Economic Injury Disaster Loans (EIDL) – The law limits EIDLs to $2,000,000 for alleviating economic injury caused by the
disaster. The actual amount of each loan is limited to the economic injury determined by SBA, less business interruption
insurance and other recoveries up to the administrative lending limit.EIDL assistance is available only to entities and their
owners who cannot provide for their own recovery from non-government sources, as determined by the U.S. Small Business
Administration.
Business Loan Ceiling – The $2,000,000 statutory limit for business loans applies to the combination of physical, economic
injury, mitigation and refinancing, and applies to all disasterloans to a business and its affiliates for each disaster. If a
business is a major source of employment, SBA has the authority to waive the $2,000,000 statutory limit.
Home Loans – SBA regulations limit home loans to $200,000 for the repair or replacement of real estate and $40,000 to repair
or replace personal property. Subject to these maximums, loan amounts cannot exceed the verified uninsured disaster loss.
What Restrictions are there on Loan Eligibility?
Uninsured Losses – Only uninsured or otherwise uncompensated disaster losses are eligible. Any insurance proceeds which
are required to be applied against outstanding mortgages are not available to fund disaster repairs and do not reduce loan
eligibility. However, any insurance proceeds voluntarily applied to any outstanding mortgages do reduce loan eligibility.
Ineligible Property – Secondary homes, personal pleasure boats, airplanes, recreational vehicles and similar property are not
eligible, unless used for business purposes. Property such as antiques and collections are eligible only to the extent of their
functional value. Amounts for landscaping, swimming pools, etc., are limited.
Noncompliance – Applicants who have not complied with the terms of previous SBA loans may not be eligible. This includes
borrowers who did not maintain flood and/or hazard insurance on previous SBA loans.
Note: Loan applicants should check with agencies / organizations administering any grant or other assistance program under this
declaration to determine how an approval of SBA disaster loan might affect their eligibility.
Is There Help with Funding Mitigation Improvements?
If your loan application is approved, you may be eligible for additional funds to cover the cost of improvements that will protect your
property against future damage. Examples of improvements include retaining walls, seawalls, sump pumps, etc. Mitigation loan money
would be in addition to the amount of the approved loan, but may not exceed 20 percent of total amount of physical damage to real
property, including leasehold improvements, and personal property as verified by SBA to a maximum of $200,000 for home loans. It is
not necessary for the description of improvements and cost estimates to be submitted with the application. SBA approval of the
mitigating measures will be required before any loan increase.
Is There Help Available for Refinancing?
SBA can refinance all or part of prior mortgages that are evidenced by a recorded lien, when the applicant (1) does not have
credit available elsewhere, (2) has suffered substantial uncompensated disaster damage (40 percent or more of the value of
the property or 50% or more of the value of the structure), and (3) intends to repair the damage.
Businesses – Business owners may be eligible for the refinancing of existing mortgages or liens on real estate, machinery and
equipment, up to the amount of the loan for the repair or replacement of real estate, machinery, and equipment.
Homes – Homeowners may be eligible for the refinancing of existing liens or mortgages on homes, up to the amount of the
loan for real estate repair or replacement.
What if I Decide to Relocate?
You may use your SBA disaster loan to relocate. The amount of the relocation loan depends on whether you relocate voluntarily or
involuntarily. If you are interested in relocation, an SBA representative can provide you with more details on your specific situation.
Are There Insurance Requirements for Loans?
To protect each borrower and the Agency, SBA may require you to obtain and maintain appropriate insurance. By law, borrowers
whose damaged or collateral property is located in a special flood hazard area must purchase and maintain flood insurance. SBA
requires that flood insurance coverage be the lesser of 1) the total of the disaster loan, 2) the insurable value of the property, or 3) the
maximum insurance available.
Applicants may apply online, receive additional disaster assistance information and download applications at
https://disasterloan.sba.gov/ela. 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.
Amendment #3