SACRAMENTO, Calif. – Associate Administrator Francisco Sánchez of the U.S. Small Business Administration’s Office of Disaster Recovery & Resilience announced today that SBA will close its Dededo Disaster Loan Outreach Center at 5 p.m. on Dec. 13.
“SBA opened the center to provide personalized assistance to Guam businesses and residents who were affected by Typhoon Mawar that occurred May 22 – 29. Until the Dededo center closes, SBA customer service representatives will continue to be available to meet with businesses and residents to answer their questions, explain SBA’s disaster loan program and close their approved disaster loans,” said Sánchez.
So far, SBA has approved 254 disaster business loans for $40,405,500 and 2,332 disaster loans for homeowners and renters for $209,470,000.
Businesses and residents can meet with SBA representatives on the days and times indicated below. 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. Closes at 5 p.m. Wednesday, Dec. 13 |
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 are 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.
To receive additional disaster assistance information, visit SBA’s website 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. 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.
###
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.