ATLANTA – The U.S. Small Business Administration (SBA) announced today that it will open two Disaster Loan Outreach Centers (DLOCs) in Tennessee on Tuesday, Oct. 22 at 11 a.m. at the Maury County Fire Dept., Station 30, in Columbia and the Gallatin Public Utilities Facility in Gallatin. The SBA is opening the centers to assist businesses and residents who were affected by the severe storms, tornadoes and flooding that occurred on May 8-9.
The disaster declaration covers Cannon, Giles, Maury, Sumner, and Warren counties in Tennessee.
“When disasters strike, our Disaster Loan Outreach Centers are key to helping business owners and residents get back on their feet,” said Francisco Sánchez, Jr., associate administrator for the Office of Disaster Recovery and Resilience at the Small Business Administration. “At these centers, people can connect directly with our specialists to apply for disaster loans and learn about the full range of programs available to rebuild and move forward in their recovery journey.”
Customer Service Representatives are available at the Centers to assist business owners and residents complete their disaster loan application, accept documents, and provide updates on an application’s status. Walk-ins are accepted, but an in-person appointment at an SBA Disaster Loan Outreach Center can also be scheduled in advance. The Centers will operate as indicated below:
Disaster Loan Outreach Center (DLOC)
Maury County
Maury County Fire Dept. (MCFD) Station 30
1520 Lasea Rd
Columbia, TN 38401
Opening: Tue, Oct. 22 at 11 a.m. to 6 p.m.
Hours: Monday – Friday, 9 a.m. to 6 p.m.
Saturday, 10 a.m. to 2 p.m.
Closed: Sunday
Permanently Closes: Saturday, Nov. 2 at 2 p.m.
Disaster Loan Outreach Center (DLOC)
Sumner County
Gallatin Public Utilities
239 Hancock St
Gallatin, TN 37066
Opening: Tue, Oct. 22 at 11 a.m. to 6 p.m.
Hours: Monday – Friday, 9 a.m. to 6 p.m.
Saturday, 10 a.m. to 2 p.m.
Closed: Sunday
Permanently Closes: Saturday, Nov. 9 at 2 p.m.
Interest rates are as low as 4% for businesses, 3.25% for nonprofit organizations, and 2.688% for homeowners and renters, 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.
On October 15, 2024, it was announced that funds for the Disaster Loan Program have been fully expended. While no new loans can be issued until Congress appropriates additional funding, we remain committed to supporting disaster survivors. Applications will continue to be accepted and processed to ensure individuals and businesses are prepared to receive assistance once funding becomes available.
Applicants are encouraged to submit their loan applications promptly for review in anticipation of future funding.
For more information and to apply online visit 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.
The filing deadline to return applications for physical property damage is Dec. 3, 2024. The deadline to return economic injury applications is July 7, 2025.
###
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.