10 Freeway Fire Disaster Loans

In the aftermath of the 10 Freeway fire last November (2023) the U.S. Small Business Administration (SBA) will continue to accept applications online for Economic Injury Disaster Loans -- to help meet working capital needs caused by the disaster -- through October. 28, 2024. 

For small businesses, small agricultural cooperatives, small businesses engaged in aquaculture, and most private nonprofit organizations of any size, the SBA offers these loans regardless of whether the business suffered any actual property damage.

Applicants may apply online and receive additional disaster assistance information at SBA.gov/disaster -- and/or call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on the applications process.  disaster assistance. For people experiencing disabilities involving hearing or speech, dial 7-1-1 to access 

Disaster loan interest rates can be as low as 4 percent for businesses and 3.25 percent for private nonprofit organizations with terms up to 30 years. Loan amounts and terms are set by SBA and are based on each applicant’s financial condition. Interest does not begin to accrue until 12 months from the date of the first disaster loan disbursement. SBA disaster loan repayment begins 12 months from the date of the first disbursement.