Results tagged “loan”

Homeowners, renters and businesses can now take advantage of low interest federal loans to help rebuild or repair property lost or damaged during the Station Fire. 89 homes were destroyed along with 26 commercial properties. Of that 66 homes and five businesses sustained uninsured losses of at least 40 percent of their value, which meets the U.S. Small Business Administration's criteria to declare a disaster. "Homeowners may borrow up to $200,000 to repair or replace their primary residence, and homeowners and renters may borrow up to $40,000 to replace personal property," according to Senator Barbaa Boxer's office. "Businesses of any size and private, non-profit organizations may borrow up to $2 million to repair or replace disaster damaged or destroyed real estate, machinery and equipment, inventory and other assets. Interest rates can be as low as 2.75 percent for homeowners and renters and 4 percent for businesses with terms up to 30 years."

World-renown acrobatic entertainers Cirque du Soleil have been dangling a 2011 permanent stay here in Los Angeles for several months now. Talks to have the troupe set up their act at Hollywood & Highland's Kodak Theatre for a ten-year residency at the venue have been in the works for sometime, but now it falls to the City Council to decide if Los Angeles can afford to have them here, according to the Daily News.

Who wants to help bail out California, world's eighth-largest economy, by lending it money? Not bailed out banks. So like a kid asking his parents to co-sign his first apartment lease, Gov. Arnold Schwarzenegger is asking the federal government to back the state on loans: