SBA Opens Business Recovery Center in Springfield, Vermont

Release Date: Friday, September 16, 2011
Release Number: 11-726
Related State:
Vermont
Field Operations Center: East
Contact: Michael Lampton
ATLANTA –The U.S. Small Business Administration announced the opening of a Business Recovery Center in Springfield, Vermont.  Businesses affected by Tropical Storm Irene that occurred between Aug. 27 and Sept. 2 should come to the Center to apply for disaster assistance.  
 
The Center opens Wednesday, Sept. 21 at the Office of the Springfield Development Corporation,14 Clinton Street, Springfield, VT 05156, the operating hours are from 8 a.m. until 6 p.m., Monday through Friday;  Saturdays, from 9 a.m. to 1 p.m. closed on Sundays,  until further notice. 
  
The space being utilized for the Business Recovery Center was obtained through a coordinated effort by the Vermont District Director and the Executive Director of the Springfield Regional Development Corporation, Bob Flint.
 
SBA’s representatives will be on hand at the Business Recovery Center to issue loan applications, answer questions about the disaster loan program, explain the application process and assist business owners in completing their applications. 
 
“Businesses and non-profit organizations of any size may borrow up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory, and other business assets,” said
Darcy Carter SBA’s Vermont district director.”   The SBA may increase a loan up to 20 percent of the total amount of disaster damage to real estate and/or leasehold improvements, as verified by SBA, to make improvements that lessen the risk of property damage by future disasters of the same kind.
 
For small businesses, small agricultural cooperatives, small businesses engaged in aquaculture, and most private non-profit organizations, the SBA offers Economic Injury Disaster Loans to help meet working capital needs caused by the disaster.  Economic Injury Disaster Loan assistance is available regardless of whether the business suffered any physical property damage.
 
To obtain additional assistance call the SBA Customer Service Center at 800-659-2955(800-877-8339 for the deaf and hard-of-hearing) Monday through Friday from 8 a.m. to 8 p.m., and Saturday and Sunday from 9 a.m. to 5:30 p.m. ET or send an e-mail to disastercustomerservice@sba.gov.   Those affected by this disaster may fill out a loan application online by visiting SBA’s website at https://disasterloan.sba.gov/ela/.
 
The filing deadline to return applications for physical property damage is October 31, 2011.  The deadline to return economic injury applications is June 1, 2012.      
 
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For more information about the SBA’s Disaster Loan Program, visit our website at www.sba.gov.

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