January 10, 2025 - 09:09
In response to the devastating wildfires that have affected Southern California, SBA Administrator Isabel Casillas Guzman has announced the availability of low-interest federal disaster loans for impacted businesses, homeowners, renters, and private nonprofit organizations. This initiative follows President Joe Biden's major disaster declaration, which encompasses Los Angeles County and its neighboring regions, including Kern, Orange, San Bernardino, and Ventura counties.
Administrator Guzman is set to travel to Southern California to assess the situation firsthand and determine the specific needs of the affected communities. The financial relief aims to support those who have suffered losses due to the wildfires, providing crucial assistance for recovery efforts.
The low-interest loans are designed to help individuals and businesses rebuild and recover from the destruction caused by the wildfires. This support is a part of a broader effort to ensure that residents and local organizations can regain stability and continue to thrive in the aftermath of this natural disaster.
