Disaster press release OK 14730-02

OK 14730-02 SBA Announces the Opening of a Disaster Loan Outreach Center to Help Oklahoma Businesses and Residents Affected by the Tornadoes, Severe Storms, Flooding, and Straight-line Winds

SACRAMENTO, Calif. – District Director Dorothy Overal of the U.S. Small Business Administration’s (SBA) Oklahoma District Office announced today that ...


SACRAMENTO, Calif. –

District Director Dorothy Overal of the U.S. Small Business Administration’s (SBA) Oklahoma District Office announced today that SBA will open the Sulphur Disaster Loan Outreach Center in Murray County to meet the needs of businesses and residents affected by the tornadoes, severe storms, flooding, and straight-line winds that occurred May 9-13, 2016. The center will open at 9 a.m. on Thursday, June 2.

“Low-interest federal disaster loans are available to businesses of all sizes, most private nonprofit organizations, homeowners, and renters whose property was damaged or destroyed by this disaster,” said Overal. “Beginning Thursday, June 2, SBA representatives will be on hand at the following Disaster Loan Outreach Center to answer questions about SBA’s disaster loan program, explain the application process and help each individual complete their application,” Overal continued.

The center will be open on the days and times indicated below. No appointment is necessary.

MURRAY COUNTY




Disaster Loan Outreach Center


Murray County Expo Center



3490 Highway 7 West


Sulphur, OK 73086


Opens at 9 a.m. Thursday, June 2

Monday - Friday, 9 a.m. - 6 p.m.



Center closes at 6 p.m. Thursday, June 16

Federal low-interest disaster loans from SBA are available in Carter, Garvin, Johnston, Murray, and Pontotoc counties.

Businesses of all sizes 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 businesses and homeowners to help with the cost of improvements to 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.

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.

Interest rates can be as low as 4 percent for businesses, 2.625 percent for private nonprofit organizations, and 1.625 percent for homeowners and renters 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 website 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 emailing


disastercustomerservice@sba.gov


. Individuals who are deaf or hard‑of‑hearing may call (800) 877-8339. For more disaster assistance information or to download applications, visit


https://www.sba.gov/disaster


. 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 property damage is July 25, 2016. The deadline to return economic injury applications is Feb. 27, 2017.

# # #


SACRAMENTO, Calif. –

District Director Dorothy Overal of the U.S. Small Business Administration’s (SBA) Oklahoma District Office announced today that SBA will open the Sulphur Disaster Loan Outreach Center in Murray County to meet the needs of businesses and residents affected by the tornadoes, severe storms, flooding, and straight-line winds that occurred May 9-13, 2016. The center will open at 9 a.m. on Thursday, June 2.


SACRAMENTO, Calif. –

“Low-interest federal disaster loans are available to businesses of all sizes, most private nonprofit organizations, homeowners, and renters whose property was damaged or destroyed by this disaster,” said Overal. “Beginning Thursday, June 2, SBA representatives will be on hand at the following Disaster Loan Outreach Center to answer questions about SBA’s disaster loan program, explain the application process and help each individual complete their application,” Overal continued.

The center will be open on the days and times indicated below. No appointment is necessary.

MURRAY COUNTY




Disaster Loan Outreach Center


Murray County Expo Center



3490 Highway 7 West


Sulphur, OK 73086

MURRAY COUNTY


Opens at 9 a.m. Thursday, June 2


Opens at 9 a.m. Thursday, June 2

Monday - Friday, 9 a.m. - 6 p.m.



Center closes at 6 p.m. Thursday, June 16



Center closes at 6 p.m. Thursday, June 16

Federal low-interest disaster loans from SBA are available in Carter, Garvin, Johnston, Murray, and Pontotoc counties.

Businesses of all sizes 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 businesses and homeowners to help with the cost of improvements to 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.

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.

Interest rates can be as low as 4 percent for businesses, 2.625 percent for private nonprofit organizations, and 1.625 percent for homeowners and renters 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 website 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 emailing


disastercustomerservice@sba.gov


. Individuals who are deaf or hard‑of‑hearing may call (800) 877-8339. For more disaster assistance information or to download applications, visit


https://www.sba.gov/disaster


. 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 property damage is July 25, 2016. The deadline to return economic injury applications is Feb. 27, 2017.

# # #

Related programs: Disaster

Media contacts

U.S. Small Business Administration