The U.S. Small Business Administration (SBA) reminds survivors that the SBA Disaster Loan Outreach Centers (DLOCs) in the Virgin Islands are still open for assistance to survivors that had damage as a result of Hurricanes Irma and Maria.

SBA representatives can provide information about disaster loans, answer questions and help survivors complete their SBA application.  The locations and hours of operation for the Centers 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.

Closed Sundays.

 

St. Croix

VIYA Building

7G & 7H Estate Diamond, Pepper Tree Rd

Christiansted, St. Croix, VI  00820

St. Croix                                                                     

Rotary Club West

40 KA-KD Estate La Grange

Frederiksted, St. Croix, VI 00840                                                                    

St. John

Legislature of the Virgin Islands, St. John Annex

1D Estate

Cruz Bay, St. John, VI  00830

 

St. Thomas

Tutu Park Mall

4605 Tutu Park Mall, Suite 233

Anna’s Retreat, St. Thomas, VI  00802

St. Thomas

  Small Business Development Center

University of the Virgin Islands

8000 Nisky Center, Suite 720

St. Thomas, VI 00802

  Open Monday – Friday only

 

 

 

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.

Eonomic 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 disastercustomerservice@sba.gov.  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.