Attention private practice owners: The U.S. Small Business Administration (SBA) opened two Business Recovery Centers (BRC) in Los Angeles County yesterday for those who have experienced losses from the wildfires that started Jan. 7, according to an SBA press release.

“At these centers, business owners can meet face-to-face with specialists to apply for disaster loans and access a wide range of resources to guide them through their recovery,” says Francisco Sánchez Jr., in the press release. Sanchez is the SBA’s associate administrator for the Office of Disaster Recovery and Resilience.

The addresses of these Business Recovery Centers:

LOS ANGELES COUNTY
Business Recovery Center
Women’s Business Center
Parking at back of building on Yolanda Ave.
18700 Sherman Way, Ste. 112 (Link is external)
Reseda, CA 91335 (Link is external)
Mondays - Wednesdays, 8:30 a.m. – 5:30 p.m.
Closed Monday, Jan. 20, in observance of MLK holiday

LOS ANGELES COUNTY
Business Recovery Center
Santa Monica Chamber of Commerce
2525 Main St., Ste. 103 (Link is external)
Santa Monica, CA 90405 (Link is external)
Mondays - Wednesdays, 9 a.m. - 5 p.m.

In-person appointments can be made at appointment.sba.gov, though walk-ins are accepted, the SBA says.

Any-sized small businesses and private non-profit (PNP) organizations can apply for business physical disaster loans and may borrow up to $2 million for damaged equipment, inventory, and destroyed real estate, among other business assets, according to the press release.

The interest rates for these loans are 4% for small businesses and 3.625% for PNPs. Neither payments nor interest accrual occurs until one year from receival of the first loan disbursement, which is based on an applicant’s financial condition, the SBA says.

The filing deadline for physical property damage is March 10, while the deadline for economic injury applications is Oct. 8.