SACRAMENTO, Calif. – District Director Michael Ricks of the U.S. Small Business Administration’s Louisiana District Office announced today that SBA will close its Business Recovery Center in Amite at 6 p.m. on Thursday, Nov. 17.
“SBA opened the Business Recovery Center to provide personalized assistance to Louisiana businesses that were affected by the severe storms and flooding that occurred Aug 11-31, 2016. Until the center closes, SBA representatives will continue to meet with business owners to explain how an SBA disaster loan can help finance their recovery, answer questions, help each business owner apply to SBA and close their approved disaster loans,” Ricks said.
“SBA representatives and Louisiana Small Business Development Center consultants are available to continue to provide information on SBA disaster loans and counseling on a wide variety of matters designed to help small business owners re-establish their operations, overcome the effects of the disaster and plan for their future. Services include assessing business economic injury, evaluating the business’s strength, cash flow projections and most importantly, a review of all options to ensure each business makes decisions that are appropriate for its situation,” Ricks continued.
According to Ricks, SBA has approved disaster loans totaling $1,146,527,700, of which $124,870,300 is for businesses and $1,021,657,400 is for residents to help rebuild and recover from this disaster.
Businesses owners can meet with SBA representatives on the days and times indicated until the center closes. No appointment is necessary.
Amite Chamber of Commerce
101 SE Central Ave.
Amite, LA 70422
Mondays – Saturdays, 9 a.m. – 6 p.m.
Center closes 6 p.m. Thursday, Nov. 17
SBA representatives are still available at the federal-state Disaster Recovery Centers, SBA Business Recovery Centers and SBA Disaster Loan Outreach Centers throughout the affected areas to explain SBA’s disaster loan program, help business owners and residents apply and close their approved disaster loans.
Businesses of any size 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. These loans cover losses that are not fully covered by insurance or other recoveries.
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 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 https://disasterloan.sba.gov/ela.
Additional information, details on the location of centers and application forms are also available from SBA’s Customer Service Center by calling (800) 659-2955 or emailing firstname.lastname@example.org. Individuals who are deaf or hard‑of‑hearing may call (800) 877‑8339. For more disaster assistance information or to download applications, visit https://www.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 deadline to apply for property damage is Nov. 14, 2016. The deadline to apply for economic injury is May 15, 2017.