Sacramento, CA – Dorothy Overal, District Director of the U. S. Small Business Administration’s (SBA) Oklahoma District office, today reminded homeowners and business owners in seven Oklahoma counties that SBA will re-open a Disaster Loan Outreach Center to provide personal service to victims of the earthquakes that began on November 5, 2011.
Residents and business owners in Lincoln County and the neighboring counties of Creek, Logan, Okfuskee, Oklahoma, Payne and Pottawatomie are eligible to apply for these disaster loans.
SBA will resume operations in Prague on January 10, 2012. “SBA customer service representatives will be on hand at the following Disaster Loan Outreach Center to issue loan applications, answer questions about SBA’s disaster loan program, explain the application process, and help each individual complete their application,” Overal said.
The center will be open on the days and times indicated. No appointment is necessary.
Disaster Loan Outreach Center
Prague City Hall
820 N. Jim Thorpe Blvd.
Prague, OK 74864
Re-opens Tuesday, January 10 at 9 am
Mondays through Fridays
9 am to 6 pm
Until Further Notice
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, 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. 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, nonprofit organizations of any size and aquaculture businesses, 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 2.063 percent for homeowners and renters, 3 percent for private, nonprofit 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 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 at (800) 659-2955, emailing 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 February 6, 2012. The deadline to return economic injury applications is September 7, 2012.
For more information, visit SBA’s Web site at www.sba.gov.
SBA Field Operations Center - West, P.O. Box 419004, Sacramento, CA 95841
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