The U.S. Small Business Administration has announced a presidential declaration of a major disaster for California due to wildfires and straight-line winds. This declaration allows affected individuals and businesses to apply for disaster assistance loans through the MySBA Loan Portal. The physical loan application deadline is March 10, 2025, and the economic injury loan application deadline is October 8, 2025. The disaster primarily impacts Los Angeles, with surrounding counties eligible for economic injury loans only.
Simple Explanation
The President said California had a big problem with fires and wind, so people there can ask for special money help through a website. They need to ask for help before March 10, 2025, or October 8, 2025, depending on what they need.