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## Disaster Recovery Centers Become SBA Loan Centers

### SAN DIEGO (FOX 5/KUSI) — The state/federal disaster recovery centers in Mountain View and Spring Valley closed on Friday.

However, businesses and private nonprofits impacted by the January floods will still have a place to go for help. The recovery centers will be converted to Small Business Administration Disaster Loan Outreach Centers on Monday.

Africa Rosas, spokesperson with SBA, says small businesses, private nonprofits as well as homeowners and renters are eligible for these loans.

“We have two types of loans that they can qualify for, the first one is for damages to a business or a home because of the flooding and the other type of loan is for economic injury, which would be for small business owners and private nonprofit organizations that had losses because of the flooding,” Rosas said.

Rosas says although the deadline to apply for a loan for property damage has passed, small businesses and most private nonprofit organizations still have until Nov. 19 to apply for an economic injury disaster loan.

Interest rates can be as low as 4% for businesses and 3.25% for private nonprofit organizations with terms up to 30 years.

Interest does not begin to accrue until 12 months from the date of the first loan disbursement.

“We are committed to the long-term recovery of the residents of San Diego,” Rosas said.

Appointments are not necessary. Applicants may apply online and receive additional disaster assistance information at SBA.gov/disaster. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email [email protected] for more information on SBA disaster assistance.

**AI legalese decoder can help with the situation by simplifying and clarifying legal documents related to disaster recovery loans and eligibility requirements. This can assist in ensuring that affected individuals and organizations fully understand the terms and conditions of the loans they are applying for, helping them make informed decisions about their financial recovery options.**

### SAN DIEGO COUNTY Disaster Loan Outreach Centers Information
– **Mountain View Community Center Meeting Room**
– 641 S. Boundary St.
– San Diego, CA 92113 Opens at 9 a.m. Monday, April 22
– Mondays, Wednesdays, Thursdays, and Fridays 9 a.m. – 6 p.m. Tuesdays, 9 a.m. – 5 p.m.

– **Spring Valley Library**
– 836 Kempton St.
– Spring Valley, CA 91977 Opens at 10 a.m. Monday, April 22
– Mondays, Wednesdays, and Thursdays 10 a.m. – 6 p.m. Tuesdays 12 p.m. – 6 p.m. Fridays 10 a.m. – 5 p.m.

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