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Gov. Schwarzenegger Announces Low Interest Federal Loans Available to Southern California Counties Affected by Recent Storms PDF  | Print |  E-mail
Governor Arnold Schwarzenegger today announced that the U.S. Small Business Administration (SBA) has declared a disaster for Los Angeles County, making affected homeowners, renters, business owners and non-profit organizations eligible to apply for low-interest disaster loans from SBA to cover physical damages caused by the severe winter storms, heavy snows, flooding, debris flows and mudflows that began on January 17. This action comes as a result of the Governor's letter requesting a disaster declaration by SBA.

"This is just the first step toward helping those affected get back in their homes and their businesses operating," said Governor Schwarzenegger. "The recent storms following the devastating fires last summer were a one-two punch to those who live in the Station Fire burn area. I have directed my agencies to continue to do all they can to help with the recovery process."

Also eligible to apply for low interest loans under the declaration are homeowners, renters, business owners and non-profit organizations in the contiguous counties of Kern, Orange, San Bernardino and Ventura.

On January 21, Acting Governor Edmund G. Brown, Jr., proclaimed a state of emergency for Los Angeles, Orange, Riverside, San Francisco and Siskiyou counties due to severe storms. On January 22, Governor Schwarzenegger proclaimed a state of emergency for Orange County and on January 27 included Calaveras and Imperial counties in the proclamation.

A joint preliminary damage assessment was conducted by representatives of the California Emergency Management Agency and SBA in Los Angeles County. Their findings revealed that the number of residential and commercial structures in Los Angeles County that sustained major damage were enough to warrant an SBA disaster declaration.

For additional information on SBA loans, those affected can contact SBA at 1-800-659-2955 (1-800-877-8339 for the hearing impaired).