This release come from the Small Business Administration:
Washington, D.C. – SBA Administrator Jovita Carranza released the following information following the announcement of the Presidential disaster declaration for several counties in Tennessee affected by severe storms, tornadoes, straight-line winds and flooding on April 12 – 13, 2020.
While the disaster declaration covers Bradley and Hamilton counties in Tennessee, small businesses and most private nonprofit organizations in Walker County are eligible to apply for SBA Economic Injury Disaster Loans from the U.S. Small Business Administration, because Walker County is adjacent to Hamilton County.
In accordance with health precautions for the Coronavirus (COVID-19), the SBA will not establish a field presence to assist survivors. However, SBA will continue to provide first class customer service and conduct outreach virtually with webinars, skype calls, phone assistance and step-by-step application assistance.
As a result, SBA has opened a Virtual Disaster Loan Outreach Center/Business Recovery Center (VDLOC/VBRC) to help survivors apply online using the Electronic Loan Application (ELA) via the SBA’s secure website at https://disasterloanassistance.sba.gov/ and there are virtual customer support representatives available to assist applicants with completing the online application. The VDLOC/VBRC information:
|Virtual Disaster Loan Outreach Center/Business Recovery Center (VDLOC/VBRC)
Open: Monday – Friday
Hours: 8 a.m. – 5 p.m. (EST)
Closed: Saturdays and Sundays
Phone: (571) 422-1925; or (571) 422-6016; or (404) 909-1535
These services are only available for the disaster declaration as a result of the severe storms, tornadoes, straight-line winds and flooding on April 12 – 13, 2020, and not for COVID-19 related assistance.
Survivors should contact the Disaster Assistance Professionals at (571) 422-1925 or (571) 422-6016 or (404) 909-1535 to schedule an appointment for immediate one-on-one assistance in completing their applications. Requests for SBA disaster loan program information may be obtained by emailing FOCE-Help@sba.gov. The SBA will conduct extensive outreach to ensure that all impacted by the disaster are afforded the opportunity to seek assistance.
For small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations, the SBA offers Economic Injury Disaster Loans to help meet working capital needs caused by the disaster. Economic Injury Disaster Loan assistance is available regardless of whether the business suffered any physical property damage.
Interest rates are as low as 3.75 percent for businesses and 2.75 percent for nonprofit organizations with terms up to 30 years. Loan amounts and terms are set by the SBA and are based on each applicant’s financial condition.
Applicants may apply online using the Electronic Loan Application (ELA) via the SBA’s secure website at https://disasterloanassistance.sba.gov/.
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.
Businesses may also obtain information and loan applications by calling the SBA’s Customer Service Center at 1-800-659-2955 (1-800-877-8339 for the deaf and hard-of-hearing), or by emailing firstname.lastname@example.org. Loan applications can also be downloaded at www.sba.gov. Completed applications should be mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
The filing deadline to return applications for physical property damage is June 23, 2020. The deadline to return economic injury applications is Jan. 25, 2021.