Sacramento, CA — Low-interest federal disaster loans and grants are available in Tuolumne County now the Rim Fire has been declared a federal disaster. Certain private and nonprofit organizations (PNPs) in Tuolumne County qualify for Public Assistance as a result of the Rim Fire.
Jeanne Hulit, Acting Administrator of the U. S. Small Business Administration (SBA) announced that President Obama’s federal disaster declaration allows PNPs that provide “essential governmental services” to receive grants for eligible costs. Dave Gillings at Cal OES Governor’s Office of Emergency Services will provide local briefings on what information FEMA needs to determine if a PNP is a “critical facility” as defined by law.
The same Economic Injury Disaster Loans (EIDLs), that have been available to all PNPs since September 26th, are still available. Economic Injury Disaster Loans (EIDLs) are also still available to More Bonuses, nonfarm businesses, small agricultural cooperatives, small businesses engaged in aquaculture and private, non-profit organizations that were economically impacted by the fire in Tuolumne County and all contiguous counties. EIDLs may be used to pay fixed debts, payroll, accounts payable and other bills that cannot be paid because of the disaster’s impact. EIDL assistance is available regardless of whether the nonprofit suffered any property damage. The SBA has opened disaster loan outreach centers in Groveland, Coulterville and Lee Vining to answer questions, explain the disaster loan program, and help individuals complete their applications.
Under the new declaration, SBA may now lend PNPs up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory, and other business assets. Loans for additional funds to help with the cost of making improvements that protect, prevent or minimize the same type of disaster damage from occurring in the future are also available.
The interest rate for a loan is 2.875 percent with terms up to 30 years. The filing deadline to return applications for property damage is February 11, 2014. The deadline to return economic injury applications is September 15, 2014.
Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure Web site at https://disasterloan.sba.gov/ela. For more information about SBA’s disaster assistance programs, visit http://www.sba.gov/disaster.
Written by Sabrina Ambler