SACRAMENTO, Calif
. – Director Tanya N. Garfield of the U.S. Small Business Administration’s Disaster Field Operations Center-West today announced that SBA’s Port Orchard Disaster Loan Outreach Center will remain open through Wednesday, Feb. 13 to assist businesses and residents who were affected the Kitsap County tornado that occurred Dec. 18, 2018. The center hours are indicated below.
“SBA customer service representatives will continue to be on hand at the Port Orchard center to answer questions about SBA’s disaster loan program, explain the application process and help each individual complete their electronic loan application,” Garfield continued. The center will now be open on the days and times indicated. No appointment is necessary.
KITSAP COUNTY
Disaster Loan Outreach Center
Port Orchard Church of Christ
4135 Carr Lane SE
Port Orchard, WA 98366
Monday - Friday, 9 a.m. - 6 p.m.
Now Closing 6 p.m. Wednesday, Feb. 13
SBA low-interest federal disaster loans are available in King, Kitsap, Mason and Pierce 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 to help meet working capital needs caused by the disaster. Economic injury assistance is available regardless of whether the business suffered any property damage.
SBA 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 3.74 percent for businesses, 2.75 percent for private nonprofit organizations and 2 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, receive additional disaster assistance information and download applications at
https://disasterloan.sba.gov/ela
. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email
disastercustomerservice@sba.gov
for more information on SBA disaster assistance. Individuals who are deaf or hard of hearing may call (800) 877-8339. Completed applications should be mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
The deadline to apply for property damage is March 26, 2019. The deadline to apply for economic injury is Oct. 25, 2019.