2 Federal Loan Offices to Serve Quake Victims
The U.S. Small Business Administration has declared victims of the Feb. 28 Upland earthquake, which caused an estimated $10.4 million in damages, eligible for low-interest loans for uninsured losses.
From March 26 through April 7, the agency will maintain offices at City Hall in Pomona and the Ontario police and fire complex on C Street. Hours will be from 9 a.m. to 6 p.m., Monday through Saturday.
Loans can range up to $100,000 for homes, $500,000 for businesses and $20,000 for personal property loss. Interest rates will be 8% for those who could qualify at private financial institutions, and 4% for applicants who would otherwise be ineligible.
Congress set up the two-rate system in order to give an added benefit to those who can least afford disaster losses, an agency spokesman said. For more information, call (800) 468-1713.
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