Small Business Administration Offering Low-Interest Federal Disaster Loans Following Severe Winter Storms

The U.S. Small Business Administration has announced that low-interest Federal economic injury disaster loans are now available to San Bernardino County businesses following President Biden’s major disaster declaration for the severe winter storms that began on Feb. 21.

Interest rates as low as 4 percent for businesses and 2.375 percent for private nonprofit organizations are available, with terms up to 30 years. Loan amounts and terms are set by the U.S. Small Business Administration and are based on each applicant’s financial history.

Applicants may apply online, receive additional disaster assistance information and download applications here.

For more information, please contact SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov