The U.S. Small Business Administration will close its Tinian Disaster Loan Outreach Center on Wednesday, Feb. 20, 2019, at 6pm.
SBA has approved 113 disaster business loans for $16 million and 1,307 disaster loans for homeowners and renters for $73 million.
“SBA opened the center to provide personalized assistance to Tinian business owners and residents who were affected by Typhoon Mangkhut that occurred Sept. 10-11, 2018, and Super Typhoon Yutu that occurred Oct. 24-26, 2018. Until the Tinian center closes, SBA representatives 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 SBA director Tanya N. Garfield.
On Tinian, businesses and residents can still meet with SBA representatives at the Disaster Loan Outreach Center, Department of Commerce, San Jose, Monday to Wednesday, 9am to 6pm. No appointment is necessary. The center will close on Wednesday, Feb. 20, at 6pm.
“SBA representatives will also continue to be available at the SBA Disaster Loan Outreach Center on Saipan to meet with businesses and residents to help them close their approved disaster loans,” Garfield said.
The Disaster Loan Outreach Center on Saipan is open on the days and times indicated. No appointment is necessary. It is located at the Pedro P. Tenorio Multi-Purpose Center in Susupe and is open Tuesdays to Saturdays, 9am to 6pm. Both centers are closed today, Feb. 18, for Presidents Day.
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 1, 2019, to apply for an economic injury disaster loan to help meet working capital needs caused by Typhoon Mangkhut.
Also, even though the deadline to apply for a loan for property damage has passed for Super Typhoon Yutu , small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations of any size still have until July 26, 2019, to apply for an economic injury disaster loan to help meet working capital needs.
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 3.675 percent for businesses and 2.5 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 email@example.com 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. (PR)