SBA to Open Business Recovery Center in Seminole to Help Businesses Affected by Severe Storms, Tornadoes and Flooding
SACRAMENTO, Calif. – The U.S. Small Business Administration and the Oklahoma Small Business Development Center today announced the opening of an SBA Business Recovery Center in Seminole on Thursday, July 7, 2022, to provide a wide range of business services affected by violent storms. , tornadoes and flooding from May 2 to May 8, 2022.
“Due to the severe property damage and economic loss inflicted on businesses in Oklahoma, we want to provide every service available to help them get back on their feet,” said SBA Director Tanya N. Garfield, of the US Small Business Administration Disaster Field Operations Center. West. “The center will provide businesses with a one-stop shop for accessing a variety of specialized assistance. SBA customer service representatives and consultants from the Small Business Development Center will be available to meet with each business owner individually,” she added. No appointment is necessary. All services are provided free of charge. The center will open as shown below.
Disaster Recovery Center
Seminole State College
Enoch Kelly Haney Center – First Floor, Room #115
2701 Boren Blvd.
Seminole, OK 74868
Located ¼ mile west of the intersections of Highways 3 and 9
Opening at 1 p.m. on Thursday July 7
Monday to Friday, 9 a.m. to 6 p.m.
“SBA representatives will meet with each business owner to discuss how an SBA disaster loan can help fund their recovery. They will answer questions about the SBA Disaster Loan Program, explain the application process, and help each business owner complete their electronic loan application,” Garfield said.
According to Oklahoma Small Business Development Center State Director Michele Campbell Hockersmith, SBDC business consultants can provide business assistance to clients on a wide variety of issues designed to help small business owners. restore their activities, overcome the effects of the disaster and plan for their future. “Services include assessing business working capital needs, assessing business strength, cash flow projections, and most importantly, reviewing options with the business owner. company to help her evaluate her alternatives and make decisions that are appropriate for her situation,” she said.
Businesses of any size and private nonprofit organizations can 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 disaster loans to help meet the capital needs of turnover caused by the disaster. Economic disaster loan assistance is available whether or not the business has suffered property damage.
For business owners who are unable to come to the business recovery center, they can apply online using the SBA’s secure website at https://disasterloanassistance.sba.gov/.
SBA representatives will meet with business owners and residents of disaster recovery centers located throughout the affected area as they are established. For a list of locations or to receive additional disaster assistance information, visit the SBA website at www.sba.gov/disaster. Applicants may also call the SBA Customer Service Center at (800) 659-2955 or email [email protected] for more information. For people who are deaf, hard of hearing or have a speech impediment, please dial 7-1-1 to access telecommunications relay services. Completed applications should be mailed to US Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
The deadline to file a property damage claim is August 29, 2022. The deadline to file an economic loss claim is March 29, 2023.
About the United States Small Business Administration
The United States Small Business Administration is making the American dream of business ownership a reality. As the single, go-to resource and voice for small businesses backed by the strength of the federal government, the SBA gives entrepreneurs and small business owners the resources and support they need to start, grow, or grow their business, or recover from a declared crisis. disaster. It provides services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit http://www.sba.gov.
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[email protected] at US SMALL BUSINESS ADMINISTRATION, Sylvan Road, Citrus Heights, CA 95610