Disaster press release IA 15898-09

IA 15898-09 SBA to Close Business Recovery Center in Davenport

SACRAMENTO, Calif. – Director Tanya N. Garfield of the U.S. Small Business Administration’s Disaster Field Operations Center-West announced today that...
Published on by Disaster Field Operations Center West


SACRAMENTO, Calif.

– Director Tanya N. Garfield of the U.S. Small Business Administration’s Disaster Field Operations Center-West announced today that SBA will close its Davenport Business Recovery Center at 6 p.m. on Thursday, June 27.  “SBA opened the center to provide personalized assistance to businesses that were affected by the severe storms and flooding that occurred March 12 ‑ June 15, 2019,” said Garfield.

Until the center closes, SBA representatives will continue to meet with business owners to answer their questions, help them apply for a disaster loan and close their approved loans. No appointment is necessary.

SCOTT COUNTY




Business Recovery Center



Eastern Iowa Community College


101 West Third St., Suite #111


Davenport, IA  52801

(Use Third St. entrance across from The Office restaurant)

Monday – Thursday, 9 a.m. – 6 p.m.


Closes 6 p.m. Thursday, June 27

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.  The deadline to apply for property damage loans is July 1, 2019.

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. The deadline to apply for economic injury loans is Dec. 23, 2019.

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, 2.75 percent for private nonprofit organizations and 2.063 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.

Related programs: Disaster

Media contacts

U.S. Small Business Administration