SBA Disaster Loan Outreach Center in Tushka to Close
Sacramento, CA – Dorothy Overal, District Director of the U.S. Small Business Administration (SBA), announced today that SBA will close its Disaster Loan Outreach Center in Tushka at the close of business on Tuesday, June 7.
“SBA opened the center to provide assistance to Oklahoma residents and business owners who were affected by the April 14 tornado. Until the center closes, SBA customer service representatives will continue to be available to meet with residents and business owners to answer their questions, explain SBA’s disaster loan program, issue applications, help them complete their applications and close their approved disaster loans. So far, SBA has approved nearly $1.4 million in low interest disaster loans to tornado victims,” said Overal.
Residents and business owners can meet with SBA representatives on the days and times indicated. No appointment is necessary.
Tushka City Hall
101 SE 1st Street
Monday through Friday
9 am to 6 pm
Disaster 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.
Businesses of any size and private, non-profit organizations may borrow up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory, and other business assets. SBA can also lend additional funds to homeowners and businesses 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 most private, non-profit organizations of any size, 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 can be as low as 2.563 percent for homeowners and renters, 3 percent for private, non-profit organizations and 4 percent for businesses, with terms up to 30 years. Loan amounts and terms are set by SBA and are based upon each applicant’s financial condition.
Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure Web site at https://disasterloan.sba.gov/ela.
Disaster loan information and application forms are also available from SBA’s Customer Service Center by calling SBA toll-free at (800) 659-2955, emailing firstname.lastname@example.org, or visiting SBA’s Web site at http://www.sba.gov/services/disasterassistance. Hearing impaired individuals may call (800) 877-8339.
The filing deadline to return applications for property damage is June 21, 2011. The deadline to return economic injury applications is January 23, 2012.
For more information, visit SBA’s Web site at http://www.sba.gov/services/disasterassistance.
SBA Field Operations Center - West, P.O. Box 419004, Sacramento, CA 95841
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