Sonoma County Flooding

On February 28, 2019, Governor Gavin Newsom proclaimed a state of emergency in 26 counties, including Sonoma County, as a result of rain storms that swept across California, causing flooding and damaging structures and infrastructure and threatening homes.

In order to support the recovery of our North Bay communities, Working Solutions is providing a 3-month forbearance opportunity to current borrowers affected by the recent floods, and for businesses needing new capital we are extending our Emergency Relief Loans which include a special 9% rate, waived application fee, and deferred closing fee and repayment for 6 months.

Water from the Russian River surrounds Highland Dell Lodge in Monte Rio on Thursday, February 28, 2019.
Photo by Christopher Chung, The Press Democrat

The Commissioner of Business Oversight has determined that an extraordinary situation exists in the 26 counties affected and has issued a proclamation authorizing state-chartered banks to close any or all of their offices in affected areas until the Commissioner determines the extraordinary condition has ended. You can read more about the current situation here: Winter Storm Impact (26 Counties) - DBO Proclamation.

The initial flood damage estimate in Sonoma County is nearly $155 million (Source: Sonoma County):

Homes damaged: Approximately 1,900 (1,760 with major damage)
Businesses damaged: 578
Damage to homes: $91.6 million
Damage to businesses: $35 million
Damage to public infrastructure: $23 million
Response Costs: $2.2 million

Here is an article from The Press Democrat that describes Businesses impacted by Russian River flooding in Sonoma County.