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SBA outlines disaster loans and deadlines after July 4 flooding; asks Universal City to help publicize resources
Summary
A U.S. Small Business Administration public-information officer told Universal City residents about low-interest disaster loans and deadlines for physical and economic injury applications following July 4 flooding, and asked the city to distribute the information through its channels.
A representative of the U.S. Small Business Administration briefed Universal City residents at the council meeting Sept. 16 about disaster-assistance loans available to businesses, homeowners, renters and nonprofits affected by flooding on July 4.
"Businesses that were impacted...can qualify for up to $2,000,000," Gabriel Perrelles, public information officer for the SBA Office of Disaster Recovery and Resilience, told the council and attendees, adding that the loans may carry interest rates "as low as 4% over the course of a 30-year term with no payments and no interest for the first year" for eligible business economic-injury cases.
Perrelles said the SBA covers applicants in primary and contiguous counties; Universal City businesses in contiguous counties may apply for Economic Injury Disaster Loans (EIDL) at sba.gov/disaster. He said the deadline to apply for economic-injury assistance is April 6, 2026, while the deadline for physical-damage applications is Sept. 28, 2025. Perrelles asked the city to help distribute the SBA information through city email, the website, or other channels.
Mayor Tom Maxwell directed Perrelles to the city marketer for coordination; staff later confirmed the marketeer would follow up to help distribute SBA materials.
Perrelles urged attendees who know people affected by the July 4 flooding to share the application information. He noted the SBA assists not only businesses but also homeowners, renters and nonprofits, and that small businesses that lost revenue may qualify for loans intended to provide working capital during recovery.
The SBA representative provided contact and application details and identified the two different application deadlines for physical-damage versus economic-injury requests.
