Owners can get loans up to $500K to repair or replace homes. Owners and renters can also get loans to fix damaged cars.
Storm damage from mud, rock and debris flows along Lockridge Road in Studio City causing major damage to vehicles and houses in the area on Monday, Feb. 5, 2024. New federal aid is now available for Angelenos and businesses impacted by the historic Los Angeles storms in February, Mayor Karen Bass’ office announced on Tuesday, May 21.
“The city’s recovery began the second the storm started and continued urgently as we worked to reopen roads impacted by mudslides and established Local Assistance Centers for storm recovery,” Bass said in a statement. “I thank Gov. Newsom for pushing for assistance for Los Angeles and SBA Administrator Isabel Guzman for taking action to help impacted Angelenos.”
Storm damage from mud, rock and debris flows along Lockridge road in Studio City, CA, has caused major damage to vehicles and houses in the area on Monday, Feb. 5, 2024. Rain is expected to continue in Southern California over the next 12 hours. Area residents gather to discuss the road conditions at the closed Topanga Canyon Blvd. at Robinson Road. on a rainy Monday morning, Feb. 5, 2024. An evacuation order was lifted Tuesday for Santa Maria Road north of Topanga Canyon Blvd.
For small businesses, most private nonprofit organizations of any size, and other qualifying entities, SBA offers Economic Injury Disaster Loans to help meet working capital needs caused by the disaster. Economic injury assistance is available regardless of whether the business suffered any property damage.
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