EDFC Offers Low-interest Loans for PSPS Damages

The recent Public Safety Power Shutdown (PSPS) has been very hard on local businesses. In order to support small businesses during events like these, Economic Development and Financing Corporation (EDFC) has established a disaster assistance loan program.

If your business was negatively impacted by the recent PSPS event in Mendocino or Lake County, you may be eligible for a loan of up to $50,000 with interest as low as 3% APR. Additionally, depending on the size and location of your business, EDFC may be able to waive application fees and closing costs.

Funds can be used to support working capital, replacing inventory, and/or purchasing equipment for resiliency in the future such as generators or solar power. These special low-interest loans are available year-round, as EDFC wants to support the local business community in improving their disaster resilience. 

For more information, contact EDFC’s Lending Relations Manager, Robert Gernert at robert@edfc.org or 707-234-5705.