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What you need to know if you're borrowing money after Carr fire

What you need to know if you're borrowing money after Carr fire

With the Trump administration declaring Shasta County a major disaster because of the destruction from the Carr Fire, federal assistance is available to businesses and homeowners.

The Small Business Administration offers low-interest loans.

  • Businesses can borrow up to $2 million.
  • Homeowners may borrow up to $200,000. Homeowners and renters can borrow as much as $40,000 to replace personal property, including vehicles.
  • A Business Recovery Center opens 8 a.m. Thursday at the Superior California Economic Development Center in Redding. The center will be open 8 a.m.-5 p.m. Monday through Friday. The Business Resource Center is at 350 Hartnell Ave., Suite A.

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