The large deadline to request several forms of fire help has just passed, but the Small businesses Always offers business owners affected by forest options for loans.
Many twisted metals and charred rubble was a warehouse for a prosperous Altadena clothing company, which is now looking for help in the future.
Kcal News 
“You could see the orange light, the fire in the hills and as we approached the building, we saw part of the burning building,” said Sebu Chatoyan, business owner.
Sebu and his wife, Marala Chatoyan, started “24/7 Comfort Apparel” over 30 years ago. She designs the clothes sent in thousands of packages each week. The staff of the 20 -year -old company are back in its still standing headquarters, and the Chatoyans are looking for funds to rebuild the warehouse.
“It will be a very expensive process, we were told that SBA would be willing to help with a very good rate, so we applied and wait to see if we are going to be qualified,” said Sebu.
The couple quickly discovered that they were not eligible for the help or compensation of the FEMA by the US Army Corps of Engineers because they are commercial. The Chatoyans said that the insurance payments they have desperately needed had been desperate several times.
“It was very aggravating because we think you ask ourselves, and we didn’t hurt anything. It was a natural disaster,” said Marala.
The SBA wants other companies and owners in difficulty knowing that they can always ask for low interest loans. While the official deadline of March 31, unlike FEMA, they have a period of grace of 60 days. The SBA also said that it was good if business owners do not yet know how much they need.
“The program allows an increase in loans up to two years from the date of a loan authorization, whether it is a company, an owner or a non -profit organization,” said Corey Williams, with SBA.
Small businesses and non -profit organizations can also request loans that cover economic injuries. The deadline is not October 8. Loans will have to be reimbursed but in favorable terms, said SBA.
“The interest rates of commercial loans as low as 4%, no payment for an entire year, no interest in the whole year,” said Williams.
Chatoyans always go through the final stages of the application but hope. They said their business needed this life buoy.
“The only entity that helps us is SBA,” said Sebu.
