ANGORA FIRE SBA OFFICE TO CLOSE:
ANGORA FIRE Small Business Administration (SBA) Disaster Loan Outreach Center to close
The Small Business Administration (SBA) Disaster Loan Outreach Center at Lake Tahoe Community College will close at 7 p.m., Friday, August 10, 2007. The SBA offers low-interest disaster loans to homeowners, renters, businesses of all sizes and private nonprofit organizations to repair or replace property damaged in the Angora Fire. It also offers working capital loans to small businesses to meet fire-related needs.
The interest rate for homeowners and renters is 2.875 percent and 4 percent for businesses with terms up to 30 years tailored to the applicant's ability to make payments. The money covers the gap between what insurance covers and actual cost of rebuilding or replacement. Fire victims don't need to wait for a settlement to apply for a loan.
* The deadline for property damage applications is September 4, 2007.
* The deadline for businesses to file forms for economic injury loans is April 7, 2008.
After the SBA's disaster center closes, loan applicants can mail completed forms to:
U.S. Small Business Administration
14925 Kingsport Road
Fort Worth, Texas 76155"
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