SACRAMENTO, Calif. – The U. S. Small Business Administration’s (SBA) Oklahoma District Director Dorothy Overal announced today that SBA will close its Disaster Loan Outreach Center in El Reno on Thursday, July 18 at 6 pm.
“SBA opened the center to provide personalized assistance to Oklahoma residents and business owners affected by the severe storms, tornadoes and flooding that occurred May 18 - June 2, 2013. So far, SBA has approved more than $26.9 million in low-interest loans to help residents and businesses with their recovery,” said Overal.
“Until the center closes, SBA customer services representatives will continue to be available to meet with residents and business owners, answer all of their questions, explain SBA’s disaster loan program, help them complete their disaster loan applications and close their approved loans,” she said. No appointment is necessary.
Disaster Loan Outreach Center
Jenks Simmons Field House
214 North Country Club Road
Wednesday, July 17 and Thursday, July 18
9 am to 6 pm
Closes on Thursday, July 18 at 6 pm
“In addition, SBA customer service representatives will continue to be available at the following Business Recovery Center and Disaster Recovery Center to meet individually with residents and business owners on the days and times indicated until further notice,” Overal continued.
Business Recovery Center
Moore Norman Technology Center
South Penn Campus
13301 South Pennsylvania Avenue
once on campus proceed to:
Business Development Center Building
13101 South Pennsylvania Avenue
Mondays - Fridays, 9 am to 6 pm
Saturdays, 9 am to 1 pm
Disaster Recovery Center
Capitol Hill Baptist Church Gymnasium
304 South West 134th Street
(parking is available in the rear for easy access to the gym)
Mondays and Tuesdays, 9 am to 6 pm
Wednesdays, 9 am to 5 pm
Thursdays - Saturdays, 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, 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 1.875 percent for homeowners and renters, 2.875 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 August 19, 2013. The deadline to return economic injury applications is February 20, 2014.
SBA Field Operations Center - West, P.O. Box 419004, Sacramento, CA 95841
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