Disaster Assistance For San Mateo County Homeowners, Businesses

SAN MATEO COUNTY, CA — San Mateo County homeowners, businesses and nonprofits impacted by the CZU August Lightning Complex Fires are eligible for federal disaster loans, according to the U.S. Small Business Administration.

Businesses and nonprofits in Lake, Napa, Santa Cruz, Solano and Sonoma counties are also eligible to borrow up to $2 million to cover the costs of repairing or replacing real estate, machinery, equipment, inventory and other assets that have been damaged or destroyed in the fires, the SBA said in a news release. The loans, with interest rates as low as three percent for businesses and 2.75 percent for nonprofits, may also cover improvements to prevent similar damage in the future.

SBA Economic Injury Disaster Loans are available for small businesses, small agricultural cooperatives, small aquaculture-related businesses and most private nonprofits with capital needs related to the wildfire, according to SBA.

Homeowners are eligible for up to $200,000 in disaster loans with 1.2 percent interest to cover costs related to repairing or replacing damaged or destroyed real estate, according to SBA.

The loans are made possible as a result of the major disaster declaration issued by President Donald Trump.

Learn more here. Apply here or contact the SBA customer service line at 916-735-1500 or FOCWAssistance@sba.gov.