The U.S. Small Business Administration (SBA) has announced an amendment to a previous declaration by the President related to a major disaster in California, specifically for public assistance due to wildfires and straight-line winds. The incident period for these natural disasters is updated to January 7, 2025, through January 31, 2025. Residents and businesses affected by these events can apply for physical damage loans until March 17, 2025, and for economic injury loans until October 15, 2025. More information and loan applications are available on the SBA’s lending website.
Simple Explanation
The President made changes to a previous announcement to help California after bad fires and strong winds. People and businesses affected can ask for help fixing damage until March 17, 2025, and for other financial help until October 15, 2025, on the SBA's website.