SBA to Close Disaster Loan Outreach Center in Boulder
Sacramento, CA – Greg Lopez, Director of the U.S. Small Business Administration’s (SBA) Colorado District Office, announced today that SBA will close its Disaster Loan Outreach Center (DLOC) in Boulder at 6 pm on Thursday, October 21.
“SBA opened the center in Boulder County to provide personalized assistance to Colorado residents and businesses affected by the Fourmile Canyon Wild Fire that occurred September 6 - 18, 2010. Until the center closes, SBA customer service representatives will continue to be available to issue applications, answer questions about SBA’s disaster loan program, explain the application process, help individuals complete their applications, and close their approved disaster loans,” said Lopez.
Residents and business owners can speak with SBA representatives on the days and times indicated. No appointment is necessary.
SBA Disaster Loan Outreach Center
Boulder County Department of Health
Boulder Auditorium Room
3450 N. Broadway
Boulder, CO 80304
Mondays through Fridays – 9 am to 6 pm
Closes Thursday, October 21, at 6 pm
SBA 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 non-profit 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 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 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.
Interest rates can be as low as 2.50 percent for homeowners and renters, 3 percent for private, non-profit organizations, and 4 percent for businesses, with terms up to 30 years. Loan amounts and terms are set by SBA and are based on each applicant’s financial condition.
Disaster victims may apply online using SBA’s Electronic Loan Application via the secure Web site at https://disasterloan.sba.gov/ela.
SBA disaster loan information and assistance will continue to be available from SBA’s Customer Service Center by calling toll-free (800) 659-2955, emailing firstname.lastname@example.org, or visiting SBA’s Web site at www.sba.gov/services/disasterassistance. Hearing impaired individuals may call (800) 877-8339.
The deadline to return SBA applications for property damage is November 22, 2010. The EIDL application deadline is June 23, 2011.
For more information, visit SBA’s Web site at www.sba.gov/services/disasterassistance.
SBA Field Operations Center - West, P.O. Box 419004, Sacramento, CA 95841