Atlanta – The U.S. Small Business Administration (SBA) announced today its Business Recovery Centers (BRCs) in West Virginia will be closed on Monday, Feb. 19, in observance of Presidents’ Day. The centers will resume normal operations on Tuesday, Feb. 20. SBA opened its Business Recovery Centers to assist business owners with applying for disaster loans for the severe storms, flooding, landslides, and mudslides that occurred Aug. 28-30, 2023.
SBA’s friendly and knowledgeable Customer Service Representatives are available to answer questions, help apply for an SBA Disaster Loan, upload documents, check an application’s status, and assist with reconsideration requests for the loan. The Centers are operating as indicated below until further notice:
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SBA Business Recovery Center (BRC) Harrison County Harrison County Courthouse Assessor’s Office Clarksburg, WV 26301
Hours: Monday- Friday, 8 a.m. to 4 p.m. Saturdays, 10 a.m. to 6 p.m. Closed: Sundays
Holiday Closure: Monday, Feb. 19, in observance of |
SBA Business Recovery Center (BRC) Kanawha County Charleston Area Alliance Charleston, WV 25301
Hours: Monday- Friday, 8:30 a.m. to 5 p.m. Saturdays, 10 a.m. to 2 p.m. Closed: Sundays
Holiday Closure: Monday, Feb. 19, in observance of Presidents’ Day |
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 disaster damages 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 (EIDLs) to help meet working capital needs caused by the disaster. Economic injury assistance is available regardless of whether the business suffered any property damage.
Interest rates are as low as 4% for businesses, 2.5% for homeowners and renters, and 2.375% for nonprofit organizations with terms up to 30 years. Interest does not begin to accrue, and monthly payments are not due, until 12 months from the date of the initial disbursement. 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 and receive additional disaster assistance information at SBA.gov/disaster. Applicants may also call SBA’s Customer Service Center at (800) 6592955 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.
The filing deadline to return applications for physical property damage is April 1, 2024. The deadline to return economic injury applications is Oct. 30, 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.