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Disaster Press Releases

RI 13387 - Deadline to Apply for SBA Disaster Loans is January 15; SBA Centers Closing December 19

ATLANTA – The U.S. Small Business Administration reminds homeowners, renters, businesses and non-profit organizations of the Jan. 15 deadline to submit disaster loan applications for physical damages due to Hurricane Sandy.  The SBA also announced that their remaining Recovery Centers in Rhode Island will cease operations at the close of business Wednesday, Dec. 19.
 
Center locations and hours of operations are:
 
Washington County
 
Business Recovery Center
Westerly Chamber of Commerce
1 Chamber Way
Westerly, RI 02981
Hours: Weekdays, 9 a.m. to 5 p.m.
 
Disaster Loan Outreach Center
Misquamicut Volunteer Fire Station
65 Crandall Avenue
Westerly, RI 02891
Hours: Weekdays, 9 a.m. to 6 p.m.
 
“Taking time to complete and return the disaster loan application to the SBA is an important part of the recovery process. We encourage all affected businesses, homeowners and renters, and non-profits in Washington and Newport counties to apply by the deadline,” said Mark Hayward, district director of SBA’s Rhode Island district office.
 
Interest rates are as low as 1.688 percent for homeowners and renters, 3 percent for non-profit organizations and 4 percent for businesses with terms up to 30 years.  The SBA sets loan amounts and terms based on each applicant’s financial condition.
 
Applicants may also apply online using the Electronic Loan Application (ELA) via SBA’s secure website at https://disasterloan.sba.gov/ela.
 
Disaster loan information and application forms may be obtained by calling the SBA’s Customer Service Center at 800-659-2955 (800-877-8339 for the deaf and hard-of-hearing) or by sending an email to disastercustomerservice@sba.gov.  Loan applications can be downloaded from www.sba.gov.  Completed applications should be mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
 
The filing deadline to return applications for physical damage is January 15, 2013.  The deadline to return economic injury applications is August 14, 2013.
 
# # #
Release Number: 
13-140
Release Date: 
Friday, December 14, 2012
Contact: 
Michael Lampton
Related State: 
Rhode Island
Field Operations Center: 
East