SBA Opens Additional Disaster Loan Outreach Centers in Wisconsin

ATLANTA, July 24 /PRNewswire-USNewswire/ — The U.S. Small Business Administration announces today the opening of two additional Disaster Loan Outreach Centers. The location of these Centers will make it convenient for disaster victims affected by the severe storms, tornadoes and flooding of June 5 and continuing to apply for disaster loan assistance. The SBA encourages victims to visit the Centers to apply for assistance.

Victims are urged to register with FEMA by calling 1-800-621-3362 (FEMA). “If you were issued an SBA loan application, complete and return the application to the SBA, even if you don’t want a loan. If SBA is not able to approve a home loan, you will be referred to FEMA for possible grant assistance. Anyone who has not completed their disaster loan application is encouraged to meet with one of the Customer Service Representatives at any of the Centers located throughout the disaster area for one-on-one assistance,” said Frank Skaggs, Director of SBA Field Operations Center East.

The locations of the New Disaster Loan Outreach Centers are:

Sauk County
St. John Evangelical Lutheran Church
307 6th Street
Reedsburg, WI 53959
Opens: Monday, July 28 at 8 a.m.
Hours: Monday – Friday, 8 a.m. – 5 p.m.
Saturday, 10 a.m. – 2 p.m., until further notice

Waukesha County
Waukesha County Communication Center
1621 Woodburn Road
Waukesha, WI 53188
Opens: Monday, July 28 at 9 a.m.
Hours: Monday – Friday, 9 a.m. – 6 p.m.
Saturday, 10 a.m. – 2 p.m., until further notice

SBA existing Centers are located in the following communities:

Columbia County
Columbus High School
1164 Farnham Avenue
Columbus, WI 53925
Hours: Monday – Friday, 9 a.m. – 6 p.m.
Saturday, 10 a.m. – 2 p.m., until further notice

Columbia County
Portage High School
301 East Collins Street
Portage, WI 53901
Hours: Monday – Friday, 9 a.m. – 6 p.m.
Saturday, 10 a.m. – 2 p.m., until further notice

Grant County
Grant County Law Enforcement
1000 North Adams Street
Lancaster, WI 53813
Hours: Monday – Friday, 9 a.m. – 6 p.m.
Saturday, 10 a.m. – 2 p.m., until further notice

SBA Business Recovery Centers

Fond du Lac County
UW Fond du Lac, Room A-127
400 University Avenue
Fond du Lac, WI 54935
Hours: Monday – Friday, 9 a.m. – 6 p.m. until further notice

Milwaukee County
Milwaukee County Facilities Management
10310 West Watertown Plank Road
Wauwatosa, WI 53226
Hours: Monday – Friday, 8 a.m. – 5 p.m. until further notice

“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,” Frank Skaggs added.

Businesses of any size and non-profit organizations may borrow up to $2 million to repair or replace damaged or destroyed real estate, inventory, machinery and equipment. The SBA can also lend additional funds from its mitigation program 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 and private non-profit organization of all sizes, the 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.

Interest rates are as low as 2.687 percent for homeowners and renters, and 4 percent for businesses with terms up to 30 years. Loan amounts and terms are set by the SBA and are based upon each applicant’s financial condition.

Anyone unable to visit one of the Centers may obtain a Disaster Loan application or program information by calling the SBA’s Customer Service Center at 1-800-659-2955 (or 1-800-877-8339 for the hearing impaired) Monday through Friday from 8 a.m. to 9 p.m., and Saturday and Sunday 9 a.m. to 6 p.m. EDT or by emailing our customer service center at [email protected] Business loan applications may be downloaded from www.sba.gov/services/disasterassistance. Applications may be returned to one of the Centers or mailed to: U. S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, Texas, 76155.

The filing deadline to return applications for physical property damage is August 13, 2008. The deadline to return economic injury applications is March 13, 2009.

For more information about the SBA’s Disaster Loan Programs, visit our website at www.sba.gov/services/disasterassistance.

First Call Analyst:
FCMN Contact:

Source: U.S. Small Business Administration

CONTACT: Michael Lampton of SBA, +1-404-331-0333

Web Site: http://www.sba.gov/