The U.S. Small Enterprise Administration (SBA) has reminded California personal nonprofit organizations that they’ve till June 2, 2023, to use for federal catastrophe loans for property injury attributable to extreme winter storms, straight-line winds, flooding, landslides, and mudslides that started on February 21, 2023. Non-public nonprofits offering important companies of a governmental nature are eligible for help.

SBA federal catastrophe loans of as much as $2 million can be found for eligible personal nonprofits of any dimension to restore or exchange broken or destroyed actual property, equipment and gear, stock, and different enterprise property. SBA may present extra funds to assist with the price of enhancements that defend, stop, or decrease the identical sort of catastrophe injury from occurring sooner or later.

Financial Harm Catastrophe Loans are provided by the SBA to assist eligible personal nonprofits meet working capital wants attributable to the catastrophe. These loans can be utilized to pay mounted money owed, payroll, accounts payable, and different payments that can’t be paid because of the catastrophe’s affect. Financial damage help is accessible no matter whether or not the personal nonprofit suffered any property injury. The deadline to use for an SBA Financial Harm Catastrophe Mortgage is January 3, 2024.

These low-interest federal catastrophe loans can be found in 15 California counties, together with Alpine, Calaveras, Fresno, Kern, Kings, Los Angeles, Mariposa, Merced, Monterey, San Benito, San Bernardino, Sierra, Trinity, Tulare, and Tuolumne. The rate of interest is 2.375% with phrases as much as 30 years, with mortgage quantities and phrases set by SBA primarily based on every applicant’s monetary situation.

To use, obtain extra catastrophe help data, or obtain functions, go to https://disasterloanassistance.sba.gov/.

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