Property damaged during heavy storms this winter?
Federal disaster loans have now been made available to residents and business whose properties were impacted by storms, flooding, and landslides which lashed Sonoma and Marin counties this winter.
Businesses, non-profits, and residents impacted between December 27th, 2022, and January 31st 2023 can apply for low interest federal loans to repair damages from the storms.
Businesses of any size and private non-profit organizations are eligible to borrow up to two million dollars to repair or replace damaged or destroyed real estate, machinery, equipment, inventory and other business assets.
Homeowners are eligible for as much as a half million in loans for home repairs. Both homeowners and renters are eligible up to $100,000 in loans if they lost or had damage to personal property, including vehicles.
Interest rates can be as low as 3.3 percent for business entities and 2.3 percent for individuals.
No interest is charged during the first year. Repayment begins thirteen months after the loan is issued.
The application deadline related to property is Oct. 10. For economic injury, it's May 9th of next year.
To apply, visit disasterloanassistance.sba.gov
Those needing help in filling out an application may visit