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Flood Business Resources

SoCo Launch Flood Resources

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This page is designed to point your business towards helpful resources in the event of natural flooding. For flood emergency information and preparations, including sandbagging stations, please view Sonoma County Department of Emergency Management's Flooding resources page. For road closures visit roadclosures-sonomacounty.hub.arcgis.com

Below are Federal, State, and Local business resources to assist in the recovery from a natural flood. For a complete list of resources related to a variety of disasters, visit SoCo Launch Business Resources.

Financing

CURRENTLY AVAILABLE

3 Month Deferred Payment Loan

  • $5k-$15k loans for business owners that have been operating for at least a year (ITIN okay)
  • Last 6 months of bank statements (business or/and personal)
  • Valid form of ID – we run personal credit (no min FICO)
  • 2-3 days turnaround time

Contact Marcos Suarez for more details at Marcos.Suarez@sonoma-county.org or (707) 565-6402

NOT YET AVAILABLE

Economic Injury Disaster Loan

Businesses of all sizes and private nonprofit organizations may borrow up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory and other business assets. SBA can also lend additional funds to businesses and homeowners to help with the cost of improvements to protect, prevent or minimize the same type of disaster damage from occurring in the future. For small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations of any size, SBA offers Economic Injury Disaster Loans to help meet working capital needs caused by the disaster. Economic injury assistance is available to businesses regardless of any property damage. Interest rates can be as low as 3 percent for businesses and 2.75 percent for private nonprofit organizations with terms up to 30 years.

Search Current Declared Disasters

Small Business Administration
http://disasterloan.sba.gov
FOCWAssistance@sba.gov
916-735-1500
Individuals who are deaf or hard-of-hearing may call (800) 877-8339

Please fill out Estimated Disaster Economic Injury Worksheet if your business was impacted and return to Marcos Suarez at Marcos.Suarez@sonoma-county.org

Nor-Cal Financial Development Corporation

Up to $1 million in loans (85%-95% guarantee by IBANK) to repair or replace property, inventory, supplies, and equipment, or to relocate. 

http://nor-calfdc.org/

California IBank

Low interest and state-guaranteed business loans and microloans affected by a disaster. Small businesses, including small farms, nurseries, agriculture-related enterprises and nonprofits that have suffered an economic loss and/or physical damage may apply for the Disaster Relief Loan Guarantee Program (DRLGP) which offers loans up to $1 million for Disaster Relief Borrowers.

https://www.ibank.ca.gov/small-business/disaster-relief/

Insurance Assistance

Califonia Department of Insurance

Insurance coverage may vary based on your provider and policy type.  For general questions, the California department of insurance may be a resource.  Specific questions should be addressed by your insurance provider.  Learn more by calling your insurance agent.

http://www.insurance.ca.gov/01-consumers/140-catastrophes/FloodFacts.cfm
1-800-927-4357

Property Assiatance

Calamity Provision Property Reassessment

Properties damaged or lost by disasters can be reassessed at a lower property tax value.  Visit the County Assessor’s Office for more information. Residents or business owners whose property suffered more than $10,000 in value loss may be eligible.

Sonoma County Assessor’s Office 
https://sonomacounty.ca.gov/CRA/Assessor/Real-Property/Tax-Savings/Calamity-Provision/
BusinessProperty@sonoma-county.org 
(707) 565-1330

Qualified Contaminated Property Reassessment

A resident or business owner may transfer the base year value of a property to a new, replacement property if the old property is unfit to live in (residential) or to use (nonresidential). Property must be designated as toxic or an environmental hazard (chemicals, petroleum, hazardous materials, etc. released by the fire) to be eligible.

Sonoma County Assessor’s Office 
https://sonomacounty.ca.gov/CRA/Assessor/Real-Property/Tax-Savings/Calamity-Provision/ 
BusinessProperty@sonoma-county.org 
(707) 565-1330