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Disaster Press Releases

KS 13969-03 SBA Disaster Loan Outreach Center in Baxter Springs to Close

SACRAMENTO, Calif. – Roderick M. Cox, District 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 in Baxter Springs at 7 pm on Thursday, May 22.

“SBA opened the center to provide personalized assistance to residents and business owners who were affected by the tornado that occurred April 27.  Until the center closes, SBA customer service representatives will continue to be available to meet with residents and business owners to answer all of their questions, explain SBA’s disaster loan program, help them complete their applications and close their approved disaster loans,” said Cox. 

Residents and business owners continue to meet with SBA representatives on the days and times indicated.  No appointment is necessary.

CHEROKEE COUNTY
SBA Disaster Loan Outreach Center
Baxter Springs Chamber of Commerce
1004 Military Avenue
Baxter Springs, KS  66713
Monday thru Thursday, 10 am -7 pm
Closes on Thursday, May 22 at 7 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, small agricultural cooperatives, small businesses engaged in aquaculture, and most private, nonprofit 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 2.188 percent for homeowners and renters, 2.625 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 on each applicant’s financial condition.

Applicants may apply online using the Electronic Loan Application (ELA) 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 (800) 659-2955 or e-mailing disastercustomerservice@sba.gov.  Individuals who are deaf or hard of hearing may call (800) 877-8339.  For more information about SBA’s disaster assistance programs, visit http://www.sba.gov/disaster

The filing deadline to return applications for property damage is July 7, 2014.  The deadline to return economic injury applications is February 6, 2015. 

 


SBA Field Operations Center - West, P.O. Box 419004, Sacramento, CA 95841
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Release Number: 
KS 13969-03
Release Date: 
Monday, May 19, 2014
Contact: 
Richard Jenkins (916) 735-1500
Field Operations Center: 
West