EFSN: $1.5M from SBA to Recover Your Standing Home
Watch the recording of EFSN’s recent speaker event: Still Time to Claim Up to $1.5M from SBA. Learn how to apply for up to $1.5M at 2.563% to recover your soil and home—including the cost of testing—after the Eaton and Palisades Fires, even if you’ve already applied for a smaller amount. Questions? Have you already been denied? Email Eaton and Palisades SBA specialist: Corey.Williams@sba.gov. View the EFSN video here.
Up to $500,000 to rebuild your primary residence (note: rental properties are considered business loans).
Up to $500,000 to refinance your existing mortgage if all three conditions are met: 1) It's your primary residence; 2) You intend to repair the damage; and 3) You have 40% or more uncompensated loss.
Up to $500,000 for mitigation measures not covered by insurance (capped at 20% of verified loss as determined by SBA). This could cover code upgrades or mitigation for fire, earthquake, wind, flood, etc. For example: if rebuilding costs $1 million and SBA verifies that as your loss, you could qualify for up to $200,000 in mitigation funding.
Learn more and share in the SBA discussion on the EFSN Discord.