Director Tanya N. Garfield of the U.S. Small Business Administration’s Disaster Field Operations Center-West announced that SBA will close its Orange Disaster Loan Outreach Center at 5 p.m. on Thursday, Jan. 23. According to Garfield, SBA has approved $4,392,400 for businesses and $70,702,700 for residents to help rebuild and recover from this disaster.
“SBA opened the center to provide personalized assistance to Texas businesses and residents who were affected by Tropical Storm Imelda that occurred Sept. 17-23, 2019. Until the Orange center closes, SBA disaster recovery specialists will continue to be available to meet with businesses and residents to answer their questions, explain SBA’s disaster loan program and close their approved disaster loans,” said Garfield.
Businesses and residents can meet with SBA specialists on the days and times indicated below. No appointment is necessary.
ORANGE COUNTY
Disaster Loan Outreach Center
Orange County Convention and Expo Center
Conference Room 2
11475 Farm to Market Road 1442
Orange, TX 77630
Mondays – Fridays, 8 a.m. – 5 p.m.
Closed for Martin Luther King Jr. Holiday, Monday, Jan. 20
Center closes 5 p.m. Thursday, Jan. 23
Although the deadline to apply for a loan for property damage has passed, small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations of any size still have until July 6, 2020, to apply for an economic injury disaster loan 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.
Interest rates are 4 percent for businesses and 2.75 percent for private nonprofit organizations with terms up to 30 years. Loan amounts and terms are set by SBA and are based on each applicant’s financial condition.
To receive additional disaster assistance information, visit SBA’s website at www.sba.gov/disaster. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information. Individuals who are deaf or hard of hearing may call (800) 877-8339. Completed applications should be mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
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