The News Courier in Athens, Alabama

Local News

June 10, 2014

Recovery center turns into SBA loan center Friday

— The FEMA Disaster Recovery Center in Limestone County will transition to an SBA Disaster Loan Outreach Center at the same location beginning at 9 a.m. Friday.

The SBA Disaster Loan Outreach Center will then be open from 9 a.m. to 6 p.m. Mondays through Fridays and from 9 a.m. to 1 p.m. Saturdays. Both FEMA and SBA officials will be on hand.

The center is located at the Ripley Woodmen of the World Hall at 11281 Ripley Road in Athens.

After the FEMA center becomes an SBA center, survivors will still be able to contact FEMA online at www.DisasterAssistance.gov, via smartphone at m.fema.gov or by telephone at 800-621-3362 or TTY 800-462-7585. Multilingual operators are available.

The deadline for individuals to register for federal disaster assistance and to apply for SBA disaster loans is July 1.

Loans

The SBA offers low-interest disaster loans to homeowners, renters, businesses of all sizes and private nonprofit organizations to repair or replace uncompensated losses. The SBA may lend up to $200,000 to repair or replace homes and up to $40,000 to repair or replace personal property.

Loans to businesses, including nonprofits, are available up to $2 million to repair or replace disaster damaged real estate, and other business assets. Eligible businesses and nonprofits can apply for Economic Injury Disaster Loans to help meet working capital needs caused by the disaster.

The deadline to apply for SBA Economic Injury Disaster Loan applications is Feb. 2, 2015.

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