Friday, June 14, 2019

U.S. Small Business Administration opens walk-in facility to apply for assistance after floods - Tulsa World

U.S. Small Business Administration opens walk-in facility to apply for assistance after floods - Tulsa World


U.S. Small Business Administration opens walk-in facility to apply for assistance after floods - Tulsa World

Posted: 13 Jun 2019 03:57 PM PDT

The Federal Emergency Management Agency and the U.S. Small Business Administration will open a disaster relief center at Case Community Center this week.

The walk-in center at will be open from 7 a.m. to 7 p.m. at 1050 W. Wekiwa Road each day as long as there's a need.

U.S. Small Business Administration public information officer David Reetz said there are they offer business physical disaster loans, economic injury disaster loans and home disaster loans. The deadline to apply to receive financial disaster assistance from the U.S. Small Business Association is July 31.

Reetz encouraged people affected by the floods to apply and said they don't have to accept the loan when they apply for it.

U.S. Small Business Administration regulations limit home loans to $200,000 to repair or replace real estate and $40,000 to repair or replace personal property. Renters are also eligible for assistance.

Those who don't have sufficient money, other resources or the ability to borrow from other sources are eligible for an interest rate of 1.9 percent on home loans.

Reetz said people should bring an ID, information about the damage their home and property sustained and income information, such as a W2, when they apply.

Small business administration disaster declaration requested - KSN-TV

Posted: 13 Jun 2019 01:37 PM PDT

TOPEKA, Kan. (KSNW) – Governor Laura Kelly sent a disaster declaration request to the Small Business Administration for damage caused by an EF4 tornado that passed through the center of Douglas County, Kansas, on May 28.

"The damage caused by the tornadoes stretched far and wide," Kelly said. "It's important we get affected individuals and families back on the path to recovery. We must do everything we can to help rebuild our communities."

The tornado destroyed and severely damaged numerous homes and businesses along its nearly one-mile wide track. Twenty-eight tornadoes occurred across the state on May 28, with reports of damage in north central and northeast Kansas.

Joint preliminary damage assessments were conducted between the State and SBA last week. After joint preliminary damage assessment between county emergency management, the state of Kansas and the Small Business Administration, it has been determined that damages potentially meet the threshold for a declaration from the Small Business Administration.

If a declaration is granted for Douglas County the contiguous counties (Franklin, Jefferson, Johnson, Leavenworth, Miami, Osage, and Shawnee) will be eligible to apply if they experienced tornado damaged on May 28.

SBA provides low-interest disaster loans to businesses of all sizes, private non-profit organizations, homeowners, and renters. SBA disaster loans can be used to repair or replace damaged or destroyed property in a declared disaster, including real estate, personal property, machinery and equipment, and inventory and business assets.

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