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OK 13586-02 Business Recovery Center Opens for Oklahoma Tornadoes

Field Operations Center: 
West
Release Number: 
OK 13586-02
Release Date: 
Thursday, May 23, 2013
Contact: 
Richard Jenkins (916) 735-1500

Sacramento, CA – The U. S. Small Business Administration (SBA), the Moore Norman Technology Center (MNTC) Business Development Center, the Oklahoma Small Business Development Center (SBDC), SCORE, the Women’s Business Center (WBC) and the Moore, Norman, Oklahoma City and South Oklahoma City Chambers of Commerce today announced the opening of a Business Recovery Center (BRC).  The center is specifically designed to provide key financial and counseling services to businesses impacted by the tornadoes. 

“Due to the severe property damage and economic losses caused by the Oklahoma tornadoes, we want to provide every available service to help get businesses back on their feet,” said SBA’s Regional Administrator Yolanda Olivarez.  “This center will provide a single one-stop location for business owners to access a variety of specialized help,” she added.

The Business Recovery Center will open Friday, May 24 at 9 am at the Moore Norman Technology Center’s South Penn Campus.  No appointment is necessary. 

Moore Norman Technology Center
South Penn Campus
Business Development Center Bldg.
13301 S Pennsylvania Avenue
Oklahoma City, OK  73170

Mondays through Fridays, 9 am to 6 pm
&
Saturdays, 9 am to 1 pm
until further notice
The center will be closed in observance of Memorial Day

According to Olivarez, SBA customer service representatives will be available to meet individually with business owners to explain how a low interest federal SBA disaster loan can help finance their recovery.  “SBA is the federal government’s primary source of money for the long term repair and rebuilding of disaster damages that are not fully covered by insurance or other recoveries.  “We will help business owners apply online using our Electronic Loan Application or issue a loan application, answer questions about SBA’s disaster loan program, explain the application process and close their approved disaster loans,” she said.  “You don’t need to wait on your insurance to settle or a contractor’s estimate before seeking SBA financial assistance,” Olivarez added. 

According to Bill Carter, Oklahoma SBDC State Director, “Our counselors will provide free counseling on a wide variety of matters designed to help these business owners re-establish their operations, how to overcome the effects of the disaster and plan for their future. Services include assessing business economic injury, evaluating the business’s strength, cash flow projections and most importantly, a review of all options to ensure each business makes decisions that are appropriate for its situation.  They will also provide program information, answer questions and help businesses apply for this much needed financial help.  Spanish speaking counselors will be available.  No appointment is necessary, and all services are provided free of charge.”

Greg Kieson, Coordinator of the Moore Norman Technology Center Business Development Center, said, “We are very pleased that the SBA has responded so swiftly to help meet the needs of our business community, and in particular small businesses, by working not only with the technology center, but the SBDC, WBC, SCORE and these four chambers of commerce to set up this one-stop Business Recovery Center.  This highly trained and experienced team of specialists and consultants will be available to provide businesses the services they need to make important decisions about their future operations.  We strongly encourage every business owner who has suffered property damage or economic losses to meet one-on-one with the experts at the BRC.” 

“This partnership has been created to provide business owners a single location to get the help they need.  The combination of long term financial assistance from the SBA and free, personalized counseling and consulting services from these professionals is a powerful step in getting our business community back to normal,” said Brad Little, Chairman of the Board, Moore Chamber of Commerce. 

Businesses of any size and private, non-profit organizations may apply to SBA for low-interest disaster loans of up to $2 million to repair or replace damage to real estate, leasehold improvements, machinery and equipment, inventory and other business assets.  These loans cover uninsured losses or situations where the insurance coverage falls short of repair or replacement costs. 

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.

Business owners who suffered losses from the severe storms and tornadoes that began May 18, 2013, may also get help from SBA representatives at any Disaster Recovery Center in Oklahoma.  They may also contact SBA’s Customer Service Center by calling toll-free (800) 659 2955, e-mailing disastercustomerservice@sba.gov or visiting SBA’s Web site at http://www.sba.gov/services/disasterassistance

Individuals who are deaf or hard-of-hearing may call (800) 877-8339.  Additionally, disaster victims may now go online to file an SBA application for disaster loan assistance.  The Electronic Loan Application (ELA) is accessible via SBA’s secure Web site at https://disasterloan.sba.gov/ela.

The filing deadline to return applications for property damage is July 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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Related State: 
Oklahoma
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