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### Small Business Administration Disaster Loan Outreach Centers Closing

The Small Business Administration has announced the official closure of the two remaining San Diego and Spring Valley disaster loan outreach centers on Thursday. These centers were initially opened to provide personalized assistance to California businesses and residents affected by the severe storm and flooding that occurred from January 21 to 23. Francisco Sánchez Jr., associate administrator for the Office of Disaster Recovery and Resilience at the SBA, highlighted the importance of these centers in offering support to those in need.

With the deadline to apply for a loan for property damage having passed, small businesses, small agricultural cooperatives, small businesses engaged in aquaculture, and most private nonprofits still have until November 19 to apply for an economic injury disaster loan. This type of assistance is available regardless of whether the business suffered any property damage, making it a valuable resource for a wide range of entities.

Furthermore, the interest rates for these loans are favorable, at 4% for businesses and 3.25% for private nonprofits, with terms up to 30 years. The grace period for interest accrual adds to the appeal of these loans, providing breathing room for businesses and organizations to recover and stabilize their operations.

### AI legalese decoder for Easy Access to Disaster Loan Information

The AI legalese decoder is a valuable tool that can aid individuals and organizations in navigating the complex world of disaster loans. By utilizing this technology, users can easily access and understand the intricacies of the disaster loan program offered by the Small Business Administration. The AI legalese decoder can help break down legal jargon and provide clear explanations of the loan application process, eligibility criteria, and terms and conditions associated with the loans.

Moreover, the program can assist in ensuring that applicants have all the necessary information and documentation required for a successful loan application. By simplifying and clarifying the information provided by the SBA, the AI legalese decoder can help streamline the application process and empower users to make informed decisions about their financial recovery options.

### San Diego Housing Commission’s Flood Recovery Program for Displaced Residents

In addition to the SBA’s disaster loan program, the San Diego Housing Commission has launched a Flood Recovery Program to support displaced residents affected by the January 22 floods. The program aims to facilitate the successful transition of City of San Diego families into stable housing, providing much-needed support to those facing challenges in the aftermath of the disaster.

Lisa Jones, President and CEO of the SDHC, expressed gratitude for the support from the City Council and County Board of Supervisors in facilitating the Flood Recovery Program for Displaced Residents. The program is designed to offer assistance and stability to families still in the Emergency Temporary Lodging Program, with a focus on helping them regain housing stability and return to normalcy.

The closure of the disaster loan centers does not mean the end of assistance for applicants. Those in need can still apply online or contact the SBA’s Customer Service Center for additional information and support. The AI legalese decoder can be a valuable resource in navigating these processes and ensuring that applicants have the knowledge and tools they need to access the assistance available to them.

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