SBA amended California’s major-disaster declaration on April 17, 2023, making disaster loans available to eligible private nonprofit organizations in ten additional counties. The declaration covered severe winter storms, straight-line winds, flooding, landslides and mudslides beginning February 21. [story-s1]
The release says eligible nonprofits in the affected counties may seek up to $2 million for repair or replacement of damaged real estate, machinery, equipment, inventory and other business assets. It also describes economic-injury loans for working capital, including fixed debts, payroll, accounts payable and bills disrupted by the disaster; property damage was not required for that assistance. [story-s1]
The stated interest rate was 2.375 percent, with terms of up to 30 years. SBA set June 2, 2023, as the property-damage application deadline and January 3, 2024, for economic-injury applications. The release directs nonprofits first to California’s emergency-services recovery section for applicant briefings, where FEMA would assess whether an organization provided an essential governmental service and qualified as a critical facility. The briefing is therefore a key eligibility step, not merely an application formality. [story-s1]
For property damage, the release lists a June 2, 2023 deadline; economic-injury applications were due January 3, 2024. Those different cutoffs matter: the release treats recovery of physical assets and ongoing working-capital pressure as distinct forms of assistance. [story-s1]
Source documents
- SBA Amends Disaster Declaration for Californiahttps://legacy.sba.gov/article/2023/04/17/sba-amends-disaster-declaration-california