MADISON, Wis., Aug. 2 /PRNewswire-USNewswire/ — The U.S. Small Business Administration (SBA) announces today the relocation of the Disaster Loan Outreach Center in Grant County. SBA is relocating the Center to make it more convenient for the disaster victims. SBA encourages victims of the severe storms and flooding that occurred on July 18, 2007 to visit the Center and apply for assistance.
“Providing individual assistance is an important part of what we do to help people recover from a disaster,” said Frank Skaggs, Director of SBA Field Operations Center East. “SBA Customer Service Representatives are on hand at the Center to issue loan applications, explain the process and assist individuals in completing their application.”
The location of the new Disaster Loan Outreach Center is:
The Bank Building
115 South Bagley Avenue
Bagley, Wisconsin 53801
Opens: Friday, August 3 at 8 a.m.
Open: Monday – Friday, from 8 a.m. to 5 p.m.
Saturday, August 4 from 9 a.m. to 4 p.m. (one Saturday only)
“Loans up to $200,000 are available to homeowners to repair or replace damaged or destroyed real estate. Homeowners and renters are eligible for up to $40,000 to repair or replace damaged or destroyed personal property,” said Frank Skaggs.
Businesses of any size and private non-profit organizations may borrow up to $1.5 million to repair or replace damaged or destroyed real estate, inventory, machinery and equipment. SBA can also lend additional funds to help with the cost of making improvements that protect, prevent or minimize the same type of disaster damage from occurring in the future.
For small businesses only, SBA offers Economic Injury Disaster Loans (EIDLs) to help meet working capital needs caused by the disaster. EIDL assistance is available regardless of whether the business suffered any property damage.
Anyone unable to visit the Center may obtain an application by calling the SBA’s Customer Service Center at 1-800-659-2955 (1-800-877-8339 for the hearing-impaired), Monday through Saturday from 8 a.m. to 9 p.m. and Saturday 9 a.m. to 5:30 p.m. EDT (Except for Saturday August 4). Business loan applications can also be downloaded from the SBA website at http://www.sba.gov/services/disasterassistance. Completed applications should be returned to the Center or mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX. 76155.
The filing deadline to return applications for property damage is September 28, 2007. The deadline to return economic injury applications is April 30, 2008.
For more information about the SBA’s Disaster Loan Programs, visit our website at http://www.sba.gov/services/disasterassistance.
First Call Analyst:
Source: U.S. Small Business Administration