HomeMy WebLinkAboutItem 4b. 02-07-2023 City Manager Report02/07 City Manager Report
Celebrating Black History Month
Community Forum
Our 2023-24 Human Services Grant program
3CE’s Ag Electrification program
SBA’s Disaster Loan Programs
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•Business and Home Loans for Property Damages
Low-interest direct loans to businesses, nonprofits,
homeowners and renters not covered by insurance
or other recovery funds
•Economic Injury Loans for Working Capital Needs
Low-interest direct loans to small businesses and
most private nonprofit organizations
Types of Loans Borrowers Purpose Max. Amount
Business Loans Businesses and private
private nonprofits
Repair or replace real
estate, inventory,
equipment, etc.
$2 million *
Economic Injury Loans Small businesses and
and private nonprofits
nonprofits
Working capital loans
loans
$2 million *
Home Loans Homeowners Repair or replace
primary residence
$200,000
Home Loans Homeowners and
renters
Repair or replace
personal property
$40,000
Mitigation Businesses, private
nonprofits and
homeowners.
Mitigate / prevent
future loss of the same
same type
20% of verified physical
physical damage.
Homeowners limited to
to $200,000.
*The maximum business loan is $2 million, unless the
business qualifies as a Major Source of Employment (MSE).
SBA Disaster Loan Limits
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https://disasterloan.sba.gov/ela
12Apply Online at the SBA Disaster Loan Assistance Portal
SBA customer service representatives continue to be
available to answer questions about SBA’s disaster loan
program,explain the application process and help each
individual complete their application.
SAN LUIS OBISPO COUNTY
SLO Veterans Hall
801 Grand Avenue
San Luis Obispo, CA 93401
Mondays –Sundays
8:00 am –7:00 pm
State/FEMA Disaster Recovery Center
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For More Information about SBA disaster assistance
programs, go to:
www.sba.gov/disaster
Contact SBA’s
Customer Service Center at:
1-800-659-2955 / 1-800-877-8339 (TTY)
Or by email at:
disastercustomerservice@sba.gov
SBA Office of Disaster Recovery and Resilience
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