SBA Offering Loans To Offset Rowena Fire Losses

The U.S. Small Business Administration announced the availability of low interest federal disaster loans to small businesses, private nonprofits and residents to offset physical and economic losses from the Rowena Fire.  The declaration covers Hood River, Wasco, Sherman, Wheeler, and Klickitat counties.  Businesses and nonprofits are eligible to apply for business physical disaster loans and may borrow up to $2 million to repair or replace disaster-damaged or destroyed real estate, machinery and equipment, inventory, and other business assets.  Homeowners and renters are eligible to apply for home and personal property loans and may borrow up to $100,000 to replace or repair personal property, and up to $500,000 to replace or repair their primary residence.  Applicants may be eligible for a loan increase of up to 20% of their physical damages, as verified by the SBA, for mitigation purposes.  The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for aquaculture enterprises.  SBA customer service representatives will be at the Gloria Center in The Dalles on weekdays from 9 a.m. to 6 p.m., and appointments are available at appointment.sba.gov.  To apply online, visit sba.gov/disaster.  Applicants may also call SBA’s Customer Service Center at (800) 659-2955.

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