SBA Gives Wildfire Survivors More Time to Grab Disaster Loans
Published Date: 3/12/2025
Notice
Summary
California wildfire and wind disaster survivors now have more time to apply for physical damage loans, with the deadline extended to March 31, 2025. Economic injury loan applications remain open until October 8, 2025. This update helps folks affected by the January 7-31, 2025 disaster get the financial support they need without rushing.
Analyzed Economic Effects
2 provisions identified: 2 benefits, 0 costs, 0 mixed.
More time to apply for disaster physical loans
If your home or property was damaged in the California wildfires and straight-line winds from January 7 through January 31, 2025, you now have until March 31, 2025 to apply for SBA physical disaster loans. This extension gives survivors additional time to gather documents and file for repair or replacement assistance.
Extended deadline for Economic Injury (EIDL) loans
Small businesses and small agricultural enterprises affected by the January 7–31, 2025 disaster can apply for Economic Injury Disaster Loans (EIDL) through October 8, 2025. The later deadline gives businesses more time to apply for working capital to cover operating losses caused by the disaster.
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