ATLANTA –
The U.S. Small Business Administration (SBA) announced the relocation of a Disaster Loan Outreach Center from the Wilmington Chamber of Commerce, 1 Estelle Lee Place, Wilmington, NC 28401 to the Old Independence Mall (Old Sears Store Location), 3500 Oleander Drive, Wilmington, NC 28403 as indicated below:
New Hanover County
Wilmington Chamber of Commerce
1 Estelle Lee Place
Wilmington, NC 28401
Hours: Monday through Thursday, 8 a.m. – 5 p.m.
Closing permanently on Thursday, Dec. 20 at COB
New Hanover County
Old Independence Mall
(Old Sears Store Location)
3500 Oleander Drive
Wilmington, NC 28403
Opens: Friday, Dec. 21 at 9 a.m.
Hours: Monday through Friday, 9 a.m. – 5 p.m.
Saturday, 9 a.m. – 1 p.m.
Closed on Sunday
SBA representatives at the Centers can provide information about disaster loans, answer questions and assist businesses in completing the SBA application.
“Businesses and private nonprofit organizations may borrow up to $2 million to repair or replace disaster damaged or destroyed real estate, machinery and equipment, inventory, and other business assets,” said SBA’s North Carolina District Director Lynn Douthett.
For small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations, the SBA offers Economic Injury Disaster Loans to help meet working capital needs caused by the disaster. Economic Injury Disaster Loan assistance is available regardless of whether the business suffered any physical property damage.
“Loans up to $200,000 are available to homeowners to repair or replace damaged or destroyed real estate. Homeowners and renters are eligible for loans up to $40,000 to repair or replace damaged or destroyed personal property,” said Kem Fleming, center director of SBA’s Field Operations Center East in Atlanta.
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. Eligible mitigation improvements may include a safe room or storm shelter to help protect property and occupants from future damage caused by a similar disaster.
Interest rates are as low as 3.675 percent for businesses, 2.5 percent for nonprofit organizations, and 2 percent for homeowners and renters with terms up to 30 years. Loan amount and terms are set by the 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
DisasterLoan.sba.gov.
Businesses and individuals may also obtain information and loan applications by calling the SBA’s Customer Service Center at 1-800-659-2955 (1-800-877-8339 for the deaf and hard-of-hearing), or by emailing
disastercustomerservice@sba.gov
. Loan applications can also be downloaded at
www.sba.gov.
Completed applications should be returned to a center or 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 property damage is
Dec. 19, 2018
. The deadline to return economic injury applications is
June 14, 2019
.
About the U.S. Small Business Administration
The U.S. Small Business Administration makes the American dream of business ownership a reality. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit
www.sba.gov.
ATLANTA –
The U.S. Small Business Administration (SBA) announced the relocation of a Disaster Loan Outreach Center from the Wilmington Chamber of Commerce, 1 Estelle Lee Place, Wilmington, NC 28401 to the Old Independence Mall (Old Sears Store Location), 3500 Oleander Drive, Wilmington, NC 28403 as indicated below:
ATLANTA –
New Hanover County
New Hanover County
Wilmington Chamber of Commerce
1 Estelle Lee Place
Wilmington, NC 28401
Hours: Monday through Thursday, 8 a.m. – 5 p.m.
Closing permanently on Thursday, Dec. 20 at COB
Closing permanently on Thursday, Dec. 20 at COB
New Hanover County
New Hanover County
Old Independence Mall
(Old Sears Store Location)
3500 Oleander Drive
Wilmington, NC 28403
Opens: Friday, Dec. 21 at 9 a.m.
Hours: Monday through Friday, 9 a.m. – 5 p.m.
Saturday, 9 a.m. – 1 p.m.
Closed on Sunday
SBA representatives at the Centers can provide information about disaster loans, answer questions and assist businesses in completing the SBA application.
“Businesses and private nonprofit organizations may borrow up to $2 million to repair or replace disaster damaged or destroyed real estate, machinery and equipment, inventory, and other business assets,” said SBA’s North Carolina District Director Lynn Douthett.
For small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations, the SBA offers Economic Injury Disaster Loans to help meet working capital needs caused by the disaster. Economic Injury Disaster Loan assistance is available regardless of whether the business suffered any physical property damage.
“Loans up to $200,000 are available to homeowners to repair or replace damaged or destroyed real estate. Homeowners and renters are eligible for loans up to $40,000 to repair or replace damaged or destroyed personal property,” said Kem Fleming, center director of SBA’s Field Operations Center East in Atlanta.
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. Eligible mitigation improvements may include a safe room or storm shelter to help protect property and occupants from future damage caused by a similar disaster.
Interest rates are as low as 3.675 percent for businesses, 2.5 percent for nonprofit organizations, and 2 percent for homeowners and renters with terms up to 30 years. Loan amount and terms are set by the 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
DisasterLoan.sba.gov.
Businesses and individuals may also obtain information and loan applications by calling the SBA’s Customer Service Center at 1-800-659-2955 (1-800-877-8339 for the deaf and hard-of-hearing), or by emailing
disastercustomerservice@sba.gov
. Loan applications can also be downloaded at
www.sba.gov.
Completed applications should be returned to a center or 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 property damage is
Dec. 19, 2018
. The deadline to return economic injury applications is
June 14, 2019
.
Dec. 19, 2018
June 14, 2019
About the U.S. Small Business Administration
About the U.S. Small Business Administration
The U.S. Small Business Administration makes the American dream of business ownership a reality. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit
www.sba.gov.