When a federal disaster is declared, the SBA is authorized to offer low-interest disaster loans to businesses of all sizes (including landlords), private nonprofit organizations, and to individual homeowners and renters who have sustained damage in Sonoma County.
The U.S. Small Business Administration (SBA) provides low-interest disaster loans to businesses, private nonprofits, homeowners and renters. Survivors of the California wildfires may have questions about the SBA. SBA disaster loans are the primary source of federal long-term disaster recovery funds for disaster damage not fully covered by insurance or other compensation. SBA’s Office of … Continued
A grant from the FEMA Individual and Households Program does not have to be repaid. Loans from the Small Business Administration must be repaid. Be sure you understand the repayment rules for loans before you take out a loan. Find more information on FEMA’s site FEMA Grants vs. Loans.
