NewsTelemundo 52 — LocalJuly 2, 2026Los Angeles
SBA Extends Deadline for Wildfire Recovery Loan Funds
The U.S. Small Business Administration (SBA) has extended the timeframe for approved disaster loan recipients to access their funds. Borrowers now have 24 months from their loan authorization date to use the approved money to help with wildfire recovery in Los Angeles County.
Read the full story at Telemundo 52 — LocalWhy It Matters
Residents and business owners in Los Angeles County affected by the January 2025 wildfires now have more time to access previously approved federal disaster loan funds to cover reconstruction costs.
Key Facts
- The SBA has extended the deadline for borrowers to access approved disaster loan funds to 24 months from the date of loan authorization.
- The extension applies to both SBA Home Physical Disaster Loans and Business Physical Disaster Loans.
- The SBA has approved over $3.4 billion in disaster assistance for nearly 13,000 borrowers in the Los Angeles area.
- The assistance is specifically for those affected by the January 2025 wildfires.
- Federal rules prohibit the 'duplication of benefits,' which can lead to the SBA withholding loan funds until insurance payments are finalized.
- Borrowers with questions can contact the SBA Disaster Assistance Customer Service Center at 800-659-2955 or email disastercustomerservice@sba.gov.
Who's Mentioned
other24“Number of months borrowers have to access funds.”personKathryn Barger“Los Angeles County Supervisor advocating for the extension.”other13,000“Number of borrowers affected by the January 2025 wildfires.”locationLos Angeles County“Region affected by the January 2025 wildfires.”personLee Zeldin“Identified in the text as EPA Administrator.”organizationU.S. Small Business Administration“Federal agency providing disaster loans and managing the extension.”personKelly Loeffler“Identified in the text as SBA Administrator.”