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Loans for Businesses of All Sizes, Homeowners and Renters
SBA Disaster Assistance – Field Operations Center- East – 101 Marietta Street, NW, Suite 700, Atlanta, GA 30303 _________________________________________________________________________________________________________________________________
Release Date: Dec. 19, 2016 Contact: Michael Lampton
Release Number: 17-234, GA 14923/14924 Email: Michael.Lampton@sba.gov
Phone: (404) 331-0333
SBA Closes Disaster Assistance Centers in Georgia; Last Days to Meet With Representatives
ATLANTA – The U.S. Small Business Administration (SBA) announced today that the Business Recovery Center (BRC) in Chatham County and the Disaster Loan Outreach Center/Business Recovery Center in Glynn County, Georgia will close permanently on Thursday, Dec. 22.
Businesses, nonprofit organizations, homeowners and renters with uninsured physical losses due to Hurricane Matthew are encouraged to submit an SBA disaster loan application before it’s too late. SBA representatives at the Centers can provide information about disaster loans, answer questions and help businesses in completing the SBA application. The Centers are located as indicated below.
SBA Business Recovery Center SBA Disaster Loan Outreach Center/BRC
Chatham County Glynn County
Savannah Entrepreneurial Center UGA Marine Extension
801 East Gwinnett Street 715 Bay Street
Savannah, GA 31404 Brunswick, GA 31520
Days: Mon, Tue, Wed, Thu, 8 a.m. – 5 p.m. Days: Mon, Tue, Wed, Thu, 9 a.m. – 5 p.m.
Closing: Thursday, Dec. 22 at 5 p.m. Closing: Thursday, Dec. 22 at 5 p.m.
Businesses and nonprofits can apply for up to $2 million for disaster damaged real estate, machinery, equipment, inventory, and other business assets. Economic Injury Disaster Loans for working capital are available even if the business did not suffer any physical damage. Homeowners can apply for up to $200,000 for damaged real estate. Homeowners and renters can apply for up to $40,000 for damaged personal property including automobiles. Interest rates are as low as 4 percent for businesses, 2.625 percent for private nonprofit organizations, and 1.563 percent for homeowners and renters, with terms up to 30 years.
Applicants may be eligible for a loan amount increase up to 20 percent of their physical damages, as verified by the SBA for mitigation purposes, including a safe room or storm shelter.
Additional information on the disaster loan program may be obtained by calling 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 firstname.lastname@example.org. Loan applications can be downloaded from www.sba.gov. Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at https://disasterloan.sba.gov/ela.
The filing deadline to return applications for physical property damage is Dec. 16, 2016. The deadline to return economic injury applications is July 17, 2017.
For more information about the SBA’s Disaster Loan Program, visit our website at www.sba.gov/disaster