SACRAMENTO, Calif. – Director Jeffrey Lusk of the U.S. Small Business Administration’s Disaster Field Operations Center-West announced today that SBA will close its Mangilao Business Recovery Center/ Disaster Loan Outreach Center at 6 p.m. on Thursday, Nov. 9. “SBA opened the center to provide personalized assistance to businesses that were affected by Typhoon Mawar that occurred May 22 - 29,” said Lusk.
Until the center closes, SBA customer service representatives will continue to meet with business owners to answer questions about SBA’s disaster loan program, explain the application process, help each individual complete their electronic loan application and close their approved loans. No appointment is necessary.
TERRITORY OF GUAM
Business Recovery Center & Disaster Loan Outreach Center
University of Guam
Pacific SBDC
Jesus & Eugenia Leon Guerrero Business & Public Admin. Building
First Floor, Rm. 148
303 University Dr.
Mangilao, GU 96923
Mondays – Fridays, 9 a.m. – 6 p.m.
Closes at 6 p.m. Thursday, Nov. 9
“SBA representatives will also continue to be available at the following Disaster Loan Outreach Center to meet with businesses and residents,” Lusk continued. The center is open on the days and times indicated. No appointment is necessary.
TERRITORY OF GUAM
Disaster Loan Outreach Center
Astumbo Senior Citizen Center
2111 Y Sengsong Rd.
Dededo, GU 96929
Mondays – Fridays, 8 a.m. – 5 p.m.
Even though the deadline to apply for a loan for property damage has passed, small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations of any size still have until Feb. 28, 2024, to apply for an economic injury disaster loan to help meet working capital needs caused by the disaster.
Economic injury assistance is available regardless of whether the business suffered any property damage. Business owners may apply online using SBA’s secure website at SBA.gov/disaster.
Interest rates can be as low as 4 percent for businesses and 2.375 percent for private nonprofit organizations with terms up to 30 years. Loan amounts and terms are set by SBA and are based on each applicant’s financial condition.
Interest does not begin to accrue until 12 months from the date of the first disaster loan disbursement. SBA disaster loan repayment begins 12 months from the date of the first disbursement.
Applicants may apply online, receive additional disaster assistance information and download applications at SBA.gov/disaster. 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. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services. 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 economic injury is Feb. 28, 2024.
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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, 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.