ATLANTA – The U.S. Small Business Administration (SBA) announced today it will extend its deadline to Dec. 16 to give Illinois businesses and residents more time to apply for federal disaster loans for physical damages from the severe storm and flooding that occurred July 25-28, 2022.
The disaster declaration covers St. Clair County in Illinois, which is eligible for both Physical and Economic Injury Disaster Loans from the SBA. Small businesses and most private nonprofit organizations in the following adjacent counties are eligible to apply only for SBA Economic Injury Disaster Loans (EIDLs): Clinton, Madison, Monroe, Randolph and Washington in Illinois; and St. Louis County and St. Louis City in Missouri.
SBA Customer Service Representatives are available as indicated below to answer questions about the disaster loan program and assist business owners in completing their applications or applying for reconsideration:
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SBA Business Recovery Center St. Clair County Clyde C. Jordan Community Center East St. Louis, IL 62203 Normal Hours: Monday – Friday, 8 a.m. to 6 p.m. Saturday, 9 a.m. to 3 p.m. Sunday, closed Holiday Hours: Wednesday, Nov 23, 8 a.m. to 2 p.m. Thursday, Nov. 24 – Friday, Nov. 25, CLOSED |
Due to the ongoing COVID-19 pandemic, the SBA has established protocols to help protect the health and safety of the public. All visitors to the BRCs are encouraged to wear a face mask.
Interest rates are as low as 2.935 for businesses, 1.875 percent for nonprofit organizations, and 1.688 percent for homeowners and renters, with terms up to 30 years. Loan amounts and terms are set by the SBA and are based on each applicant’s financial condition.
To be considered for all forms of disaster assistance, applicants should register online at DisasterAssistance.gov or download the FEMA mobile app. If online or mobile access is unavailable, applicants should call the FEMA toll-free helpline at 800-621-3362. Those who use 711-Relay or Video Relay Services should call 800-621-3362.
Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at https://disasterloanassistance.sba.gov/ela/s/, and should apply under SBA declaration # 17677.
Disaster loan information and application forms may also be obtained by calling the SBA’s Customer Service Center Monday through Friday, 8 a.m. to 8 p.m., at 800-659-2955 (if you are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services), or by sending an email to DisasterCustomerService@sba.gov. Loan applications can be downloaded from the SBA’s website at 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 physical loan application deadline is Dec. 16, 2022. The deadline to return economic injury applications is July 14, 2023.
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About the U.S. Small Business Administration
The U.S. Small Business Administration helps power the American dream of business ownership. 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.