SBA Closes Two Disaster Loan Outreach Centers for Good Friday
The U.S. Small Business Administration (SBA) announced today that the Disaster Loan Outreach Centers (DLOC’s) at the VIYA building on St. Croix and the Nisky Center on
St. Thomas in the Virgin Islands, will close in observance of the Easter Holiday on Good Friday, March 30.
SBA representatives can provide information about disaster loans, answer questions and help survivors complete their SBA application. The DLOC locations and holiday hours of operation are indicated below:
SBA Disaster Loan Outreach Centers (DLOC)
Hours: Monday – Friday, 8 a.m. – 5 p.m.; Saturday, 9 a.m. – 2 p.m.
St. Croix St. Thomas
VIYA Small Business Development Center
7G & 7H Estate Diamond, Pepper Tree Rd University of the Virgin Islands
Christiansted, St. Croix, VI 00820 8000 Nisky Center, Suite 720
Closed Friday, March 30 St. Thomas, VI 00802
Open Monday – Friday only
Closed Friday, March 30
St. Croix St. Thomas
Rotary Club West Tutu Park Mall
Frederiksted, St. Croix, VI 00840 Anna’s Retreat, St. Thomas, VI 00802
Legislature of the Virgin Islands St. John Annex
Cruz Bay, St. John, VI 00830
SBA representatives remain in the U.S. Virgin Islands to assist survivors with their recovery from last year’s hurricanes. SBA disaster loans are an affordable way for businesses and residents to rebuild and resume their normal lives as quickly as possible,” said Frank Skaggs, director of SBA’s Field Operations Center East in Atlanta.
SBA disaster loans are available to businesses of all sizes, most private nonprofit organizations, homeowners and renters to cover uninsured losses from the disaster. Interest rates are as low as 3.305 percent for businesses, 2.5 percent for private nonprofit organizations, and 1.75 percent for homeowners and renters. Loan terms can be up to 30 years.
Economic injury disaster loans are also available to provide disaster related working capital to small businesses and most private nonprofit organizations. These working capital loans may be used to pay fixed debts, payroll, accounts payable, and other bills that could have been paid had the disaster not occurred.
Additional information on the disaster loan program may be obtained by calling SBA’s Customer Service Center at 800-659-2955 (800-877-8339 for the deaf and hard-of-hearing) or by sending an email to firstname.lastname@example.org. Loan applications can be downloaded from sba.gov. Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at DisasterLoan.sba.gov. Completed applications should be returned to a recovery center or mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155. For more information about SBA recovery assistance, visit sba.gov/disaster.
The filing deadline to submit applications for economic injury applications is June 7, 2018
for Hurricane Irma and June 20, 2018 for Hurricane Maria.