2023-11-25 02:35:36
SACRAMENTO, Calif. Francisco Sánchez, Associate Administrator of the Office of Disaster Recovery and Resilience (ODR&R) of the Federal Small Business Administration (SBA), today announced the opening of three Promotion and Resiliency Centers. Disaster Loan Assistance to provide personalized assistance to businesses and residents affected by the severe storms, straight-line winds, and tornadoes that occurred June 25-26. The centers will be located in Faulkner, Lonoke and Poinsett counties beginning Monday, November 27.
“SBA customer service representatives will be available at the following centers to answer your questions about the SBA disaster loan program, explain the application process and help each person complete their electronic loan application, ” continued Sánchez. The centers will be open on the days and hours indicated. No appointment is necessary.
FAULKNER COUNTY
Disaster Loan Promotion and Assistance Center
Office of Emergency Management
Training Room
57 Acklin Gap Road
Conway, AR 72032
It will open on Monday, November 27, at 12 pm
Monday and Tuesday, 8 a.m. to 4:30 p.m.
Miércoles, 9:30 a.m. a 6 p.m.
Viernes, 8 a.m. a 4:30 p.m.
Beginning Thursday, December 14, the center will be open
Thursdays, 8 a.m. to 4:30 p.m.
LONOKE COUNTY
Disaster Loan Promotion and Assistance Center
Lonoke County Courthouse Annex
Rest room
210 North Center Street
Lonoke, AR 72086
It will open on Monday, November 27, at 12 pm
Monday to Friday
8 a.m. a 4:30 p.m.
POINSETT COUNTY
Disaster Loan Promotion and Assistance Center
Marked Tree Community Center
806 Liberty Street
Marked Tree, AR 72365
It will open on Monday, November 27, at 1:00 pm
Monday to Friday, 8 a.m. to 5 p.m.
Businesses of any size and private nonprofit organizations can obtain loans up to $2 million to repair or replace real estate, machinery and equipment, inventory and other assets. The SBA may lend additional funds to help with the cost of improvements intended to protect, prevent, or minimize disaster damage from occurring in the future.
For small businesses, small agricultural cooperatives, small businesses involved in aquaculture, and most private nonprofit organizations of all sizes, the SBA offers Economic Injury Disaster Loans (EIDL) to help them cover working capital needs caused by the disaster. Economic injury assistance is available regardless of whether the business suffered any physical property damage.
Disaster loans available to homeowners can be up to $500,000 to repair or replace their primary residence. Homeowners and renters can apply for up to $100,000 to repair or replace their damaged or destroyed personal property, including personal vehicles.
Loan interest rates can be as low as 4 percent for businesses, 2.375 percent for private nonprofit organizations and 2.5 percent for homeowners and renters for terms up to 30 years. Loan amounts and terms are established by the SBA and are based on the financial conditions of each applicant.
Interest does not begin to accrue until 12 months after the date of the initial disbursement of the disaster loan. SBA disaster loan repayment begins 12 months from the date of the first disbursement.
Interested parties can complete an online application, receive additional information about disaster assistance and download the loan application at SBA.gov/disaster. You can also contact the SBA Disaster Assistance Customer Service Center by dialing (800) 659-2955 or emailing [email protected] for more information. For those with hearing or speech disabilities, please dial 7-1-1 to access telecommunications relay service. Completed paper applications should be mailed to US Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
The deadline to apply for a physical injury loan is January 16, 2024. The deadline to apply for an economic injury loan is August 19, 2024.
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About the Federal Small Business Administration
The Small Business Administration makes the American dream of business ownership a reality. As the single resource and voice for small businesses and backed by the strength of the federal government, the SBA enables entrepreneurs and small business owners to have the resources and support they need to create, grow or expand their businesses or recover. of a declared disaster. It offers services through its extensive network of field offices and partnerships with public and private organizations. For more information, visit www.sba.gov or www.sba.gov/espanol.
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