Thursday, July 26, 2007

SBA loans top $1 million for Angora

By Eric Stern - Bee Staff Writer
Published 7:43 am PDT Thursday, July 26, 2007

The U.S. Small Business Administration has approved more than $1.1 million in federal disaster loans to homeowners, renters and businesses affected by last month's Angora wildfire, the agency announced Wednesday.

The fire burned 254 homes and 3,100 acres in South Lake Tahoe.

Disaster loans up to $200,000 are available to homeowners to repair or replace damaged real estate. Homeowners and renters also are eligible for up to $40,000 to replace damaged personal property. Business can borrow up to $1.5 million.

SBA representatives are still issuing loan applications at Lake Tahoe Community College. The filing deadline for property damage is Sept. 4. Small businesses have until April 7, 2008.

For more information, call (800) 659-2955 or go to

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