ATLANTA – The U. S. Small Business Administration (SBA) announced today that the SBA Business Recovery Center (BRC) in Philadelphia County located at the Falls of the Schuylkill Library will temporarily suspend operations on Tuesday, Nov. 2 due to Election Day. The BRC will resume operations on Wednesday, Nov. 3 at Noon. SBA established the Centers for businesses and nonprofit organizations in any of the declared Pennsylvania counties to apply for low-interest disaster loans for damages caused by remnants of Hurricane Ida from Aug. 31 through Sept. 5, 2021.
SBA Business Recovery Center
Chester County
Chester County Economic Development Council
Eagleview Corporate Center
737 Constitution Dr.
Exton, PA 19341
Hours: Monday –Friday,8:30 a.m. – 4:30 p.m.
Closed: Saturday and Sunday
SBA Business Recovery Center
Philadelphia County
Falls of the Schuylkill Library
3501 Midvale Ave.
Philadelphia, PA 19129
Hours: Monday and Wednesday, Noon –8 p.m.
Tuesday and Thursday, 10 a.m. –6 p.m.
Friday, 10 a.m. –5 p.m.
Closed: Saturday and Sunday
Closed Tuesday, Nov. 2, Election Day
SBA Business Recovery Center
York County
York County Economic Alliance
144 Roosevelt Ave.
York, PA 17401
Hours: Monday – Thursday, 9:30 a.m. –5 p.m.
Friday, 9:30 a.m. –4:30 p.m.
Closed: Saturday and Sunday
Customer Service Representatives are available at the BRCs to answer questions about the disaster loan program and assist business owners in completing their applications. Due to the ongoing COVID[1]19 pandemic, the SBA has established protocols to help protect the health and safety of the public. All visitors to the Centers are encouraged to wear a face mask.
2 Homeowners and renters may meet with an SBA Customer Service Representative at any FEMA Disaster Recovery Center (DRC) to get answers to their questions and assistance in applying for a disaster loan. Business owners unable to go to a Business Recovery Center may also visit SBA at the DRCs. Businesses, homeowners, renters, and private nonprofit organizations in the Pennsylvania counties of Bedford, Bucks, Chester, Delaware, Montgomery, Northampton, Philadelphia, and York are eligible to apply for physical disaster loans and for Economic Injury Disaster Loans from the SBA. Economic Injury Disaster Loans only are available to small businesses and most private nonprofit organizations in the following adjacent counties: Adams, Berks, Blair, Cambria, Carbon, Cumberland, Dauphin, Fulton, Huntingdon, Lancaster, Lehigh, Monroe, and Somerset in Pennsylvania; New Castle in Delaware; Allegany, Baltimore, Carroll, Cecil, and Harford in Maryland; and Burlington, Camden, Gloucester, Hunterdon, Mercer, and Warren in New Jersey.
Businesses of all sizes and private nonprofit organizations may borrow up to $2 million to repair or replace disaster-damaged or destroyed real estate, machinery and equipment, inventory, and other business assets. Applicants may be eligible for a loan amount increase up to 20 percent of their physical damages, as verified by the SBA, for mitigation purposes. Eligible mitigation improvements may include a sump pump, elevation, French drain or retaining wall to help protect property and occupants from future damage caused by a similar disaster.
For small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations, the SBA offers EIDLs to help meet working capital needs caused by the disaster. EIDL Loan assistance is available regardless of whether the business suffered any physical property damage.
Loans up to $200,000 are available to homeowners to repair or replace damaged or destroyed real estate. Homeowners and renters are eligible for loans up to $40,000 to repair or replace damaged or destroyed personal property.
Interest rates are as low as 2.855 percent for businesses, 2 percent for nonprofit organizations and 1.563 percent for homeowners and renters with terms up to 30 years. Loan amounts and terms are set by the SBA and are based on each applicant’s financial condition. Applicants may also apply online using the Electronic Loan Application (ELA) via SBA’s secure website at DisasterLoanAssistance.sba.gov/ela/s and should apply under SBA declaration #17165 before the filing deadline.
Disaster loan information and application forms may also be obtained by calling the SBA’s Customer Service Center at 800-659-2955 (800-877-8339 for the deaf and hard-of-hearing) or by emailing vog.abs@ecivreSremotsuCretsasiD. Loan applications may be downloaded at sba.gov/disaster. Completed applications should be returned to the centers or mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155. The filing deadline to return applications for physical property damage is Nov. 9, 2021. The deadline to return economic injury applications is June 10, 2022.
About the U.S. Small Business Administration
The U.S. Small Business Administration makes the American dream of business ownership a reality. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow, or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit sba.gov.
Contact: Michael Lampton (404) 331-0333
vog.abs@notpmaL.leahciM
