SACRAMENTO – Dorothy Overal, District Director of the U.S. Small Business Administration’s (SBA) Oklahoma District Office, announced today that the Disaster Recovery Center in Noble, OK will transition to an SBA Disaster Loan Outreach Center beginning Monday, October 22.
The Oklahoma Department of Emergency Management, FEMA and SBA opened the Disaster Recovery Center to provide one-stop, face-to-face assistance and disaster information to individuals and businesses who suffered damage a result of the Noble Wildfire that occurred from August 3 – 14, 2012.
After registering for disaster assistance with FEMA, individuals and business owners were able to visit the center to obtain information about the types of disaster assistance available from agencies such as FEMA, SBA and other agencies.
“SBA customer service representatives will continue to be available at this location to issue loan applications, answer questions about SBA’s disaster loan program, explain the application process, and help each individual complete their application and close their loan,” said Overall. The center is open on the days and times indicated. No appointment is necessary.
Disaster Loan Outreach Center
Twelve Corners Baptist Church
15601 Etowah Road
Noble, OK 73068
Mondays – Fridays
9:00 am – 6:00 pm
Beginning Monday, October 22, 2012
Until Further Notice
Disaster loans up to $200,000 are available to homeowners to repair or replace their damaged or destroyed primary residence. 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 nonprofit organizations may borrow up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory, and other business assets. The SBA can also lend additional funds to help homeowners and business owners 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, small agricultural cooperatives, small businesses engaged in aquaculture, and most private, nonprofit 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 1.688 percent for homeowners and renters, 4 percent for businesses, and 3 percent for private, non profit organizations, with terms up to 30 years. Loan amounts and terms are set by SBA and are based on each applicant’s financial condition.
Applicants may apply for an SBA disaster loan online using the Electronic Loan Application (ELA) via SBA’s secure Web site at https://disasterloan.sba.gov/ela.
Residents and business owners may obtain information on SBA disaster loans by calling SBA’s Customer Service Center toll-free at (800) 659 2955, emailing http://firstname.lastname@example.org or visiting SBA’s Web site at www.sba.gov/services/disasterassistance. Individuals who are deaf or hard-of-hearing may call (800) 877 8339.
The filing deadline to return applications for property damage is November 21, 2012. The deadline to return economic injury applications is May 22, 2013.
SBA Field Operations Center - West, P.O. Box 419004, Sacramento, CA 95841