A house damaged in the Auburn Fire (CPR file photo/Ben Adler)
Starting Thursday, the US Small Business Administration is offering low-interest federal disaster loans to victims of last week’s fire outside Auburn. That’s after the agency declared a federal disaster in Placer County Wednesday.
Spokesman Mark Randle says even though most people have fire insurance, that doesn’t always cover extra expenses like deductibles.
Randle: “So it’s really best – there’s no cost or obligation for folks to come in, apply for the loan, and later on if they don’t need it, then they don’t have to take it. It’s the kind of thing you want to have available and hopefully not need it. But it’s better to have it and not need it than need it and not have it.”
The loans are available to homeowners, renters, businesses of any size and private non-profit organizations. Interest rates range from 2.75 percent to 4 percent.
The administration has opened an outreach center in Auburn to help with the loans. It’s at the Placer County Government Center on F Street.
SBA Disaster Loan Outreach Center
Placer County Government Center (DeWitt Center)
11517 F Avenue, Auburn, CA
(Located at the intersection of 2nd Street and F Avenue)
Mondays through Fridays, 9 am to 6 pm
Opens Thursday, September 10 at 9 am
Closes Thursday, October 1 at 6 pm