US Small Business Administration opens assistance center
OROVILLE, Calif. - The Small Business Administration is offering low interest disaster loans to businesses and residents who suffered losses caused by the Wall Fire.
The SBA received a request last week from California Governor Jerry Brown's office to assist Butte County residents and businesses trying to recover from the Wall Fire.
SBA assistance became available on Monday at the Butte County Department of Public Works in Oroville. Business owners as well as homeowners or renters may be eligible for loans that are below market rates.
SBA can also help businesses affected indirectly by the fire. For example, if there's a business that cannot pay the bills because of the Wall Fire's impact on their customers or suppliers there are SBA Loans available.
SBA Spokesperson, Bill Koontz, says that you can apply online or visit them at the department of public works.
"As soon as you come to the SBA we are going to ask you information about your personal financial self," Koontz said. "Just like you would be asked at the bank. You will need to tell us about your income, your expenses, your debts, tell us about the damage you have experienced and what you have lost. We will do some homework and determine how much of a loss you have suffered and that creates the amount of loan you are eligible to apply for."