SBA to Close Disaster Loan Outreach Center in Mound City
Sacramento, CA – Gary Cook, Director of the U. S. Small Business Administration’s (SBA) Kansas City District Office, announced today that SBA will close its Disaster Loan Outreach Center (DLOC) in Mound City on Thursday, September 30 at 6 pm.
SBA opened the center to provide personalized assistance to residents and businesses affected by the severe storms, flooding, flash flooding, high winds, hail and tornadoes that occurred June 12 through July 31, 2010. “Until the center closes, SBA customer service representatives will continue to be available to answer questions about SBA’s disaster loan program, explain the application process and help each individual complete their disaster loan application,” said Cook. Residents and business owners can speak with SBA representatives on the days and times indicated. No appointment is necessary.
Disaster Loan Outreach Center
Mound City United Methodist Church
312 East 7th Street
Mound City, MO 64470
Monday – Thursday
9 am – 6 pm
Closes Thursday, September 30 at 6 pm
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 2.75 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 upon each applicant’s financial condition.
SBA disaster loan information and application forms are also available from SBA’s Customer Service Center by calling (800) 659-2955, e-mailing firstname.lastname@example.org, or by visiting SBA’s Web site at www.sba.gov/services/disasterassistance. Hearing impaired individuals may call (800) 877-8339. Disaster victims may also apply online using the SBA’s Electronic Loan Application via SBA’s secure Web site at https://disasterloan.sba.gov/ela.
The filing deadline to return applications for property damage is November 9, 2010. The deadline to return economic injury applications is June 10, 2011.
Field Operations Center - West — P.O. Box 419004 — Sacramento, CA 95841