Low-interest federal disaster loans (SBA) are now available to Orange County businesses and residents as a result of the disaster declaration. Funds can be used to repair or replace damaged or destroyed real estate, machinery and equipment, inventory, and other business assets.
SBA can also lend additional funds to businesses and homeowners to help with the cost of improvements to protect, prevent or minimize the same type of disaster damage from occurring in the future. Businesses may borrow up to $2M and households may borrow between $40K – $200K for repair/replacement of damages.
Before qualifying for SBA, homeowners must go through the Federal assistance process (FEMA). For more information you may contact:
Virtual Business Recovery Center
Monday – Friday/8 a.m. – 8 p.m. EDT
FOCWAssistance@sba.gov
(800) 659-2955
You can also apply online at https://disasterloanassistance.sba.gov/ela/s/.
