SACRAMENTO, Calif.
– Director Linda Nelson of the U.S. Small Business Administration’s (SBA) Arkansas District Office announced today that SBA will open the McGehee Disaster Loan Outreach Center in Desha County to meet the needs of businesses and residents affected by the severe storms, tornadoes, straight-line winds and flooding that occurred March 8‑13. This center will open at 9 a.m. Wednesday, June 1. This center is in addition to the centers in Ashley and Chicot counties that SBA previously announced.
“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 Nelson. “Beginning Monday, May 23, SBA representatives will be on hand at the following Disaster Loan Outreach Centers to answer questions about SBA’s disaster loan program, explain the application process and help each individual complete their application,” Nelson continued.
The centers will be open on the days and times indicated below. No appointment is necessary.
DESHA COUNTY
Disaster Loan Outreach Center
Arkansas State of Great Rivers Vo-Tech School
East End of Main Building
1609 East Ash Street
McGehee, AR 71654
Opens at 9 a.m. Wednesday, June 1
Wednesday - Friday, June 1-3
Friday, June 10
Monday, June 13
9 a.m. – 6 p.m.
ASHLEY COUNTY
Disaster Loan Outreach Center
Ashley County Fairgrounds
408 West Jackson St.
Hamburg, AR 71646
Opens at 9 a.m. Monday, May 23
Monday - Wednesday, May 23-25
Monday - Tuesday, June 6-7
9 a.m. – 6 p.m.
CHICOT COUNTY
Disaster Loan Outreach Center
Chicot County Health Unit – Resource Room
1740 Highway 65 82 South
Lake Village, AR 71653
Opens at 9 a.m. Thursday, May 26
Thursday – Friday, May 26-27
Tuesday, May 31
Wednesday - Thursday, June 8-9
9 a.m. – 6 p.m.
Federal low-interest disaster loans from SBA are available in Arkansas, Ashley, Bradley, Chicot, Desha, Drew, Lincoln, Phillips and Union counties in Arkansas; East Carroll, Morehouse, Union and West Carroll parishes in Louisiana; and Bolivar, Coahoma, Issaquena and Washington counties in Mississippi.
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 1.813 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 18, 2016. The deadline to return economic injury applications is Feb. 20, 2017.
SACRAMENTO, Calif.
– Director Linda Nelson of the U.S. Small Business Administration’s (SBA) Arkansas District Office announced today that SBA will open the McGehee Disaster Loan Outreach Center in Desha County to meet the needs of businesses and residents affected by the severe storms, tornadoes, straight-line winds and flooding that occurred March 8‑13. This center will open at 9 a.m. Wednesday, June 1. This center is in addition to the centers in Ashley and Chicot counties that SBA previously announced.
“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 Nelson. “Beginning Monday, May 23, SBA representatives will be on hand at the following Disaster Loan Outreach Centers to answer questions about SBA’s disaster loan program, explain the application process and help each individual complete their application,” Nelson continued.
The centers will be open on the days and times indicated below. No appointment is necessary.
SACRAMENTO, Calif.
DESHA COUNTY
Disaster Loan Outreach Center
Arkansas State of Great Rivers Vo-Tech School
East End of Main Building
1609 East Ash Street
McGehee, AR 71654
DESHA COUNTY
Opens at 9 a.m. Wednesday, June 1
Wednesday - Friday, June 1-3
Friday, June 10
Monday, June 13
9 a.m. – 6 p.m.
ASHLEY COUNTY
Disaster Loan Outreach Center
Ashley County Fairgrounds
408 West Jackson St.
Hamburg, AR 71646
ASHLEY COUNTY
Opens at 9 a.m. Monday, May 23
Monday - Wednesday, May 23-25
Monday - Tuesday, June 6-7
9 a.m. – 6 p.m.
CHICOT COUNTY
Disaster Loan Outreach Center
Chicot County Health Unit – Resource Room
1740 Highway 65 82 South
Lake Village, AR 71653
CHICOT COUNTY
Opens at 9 a.m. Thursday, May 26
Thursday – Friday, May 26-27
Tuesday, May 31
Wednesday - Thursday, June 8-9
9 a.m. – 6 p.m.
Federal low-interest disaster loans from SBA are available in Arkansas, Ashley, Bradley, Chicot, Desha, Drew, Lincoln, Phillips and Union counties in Arkansas; East Carroll, Morehouse, Union and West Carroll parishes in Louisiana; and Bolivar, Coahoma, Issaquena and Washington counties in Mississippi.
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 1.813 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 18, 2016. The deadline to return economic injury applications is Feb. 20, 2017.