The deadline to apply for loans through the U.S. Small Business Administration after October’s devastating flooding is not until this summer, but business recovery centers that opened across South Carolina after the floods are closing for good Thursday January 21st.
SBA spokeswomen Ray Harbour told South Carolina Radio Network business owners can still apply for loans even after the centers close. “However the deadline to apply is July 5th,” she said. “The reason being, with the Economic Injury Disaster Loan Program, sometimes it takes businesses a period of time to know and to be aware of the impact that the storms had on their business.”
The SBA has previously said it approved 4,300 low-interest disaster loans related to the flood worth nearly $123 million.
Harbor said if a business sustained damage, it should apply. “If they had any impact to apply and get involved in this process,” said Harbor.
Anyone can apply online using the Electronic Loan Application (ELA) via SBA’s secure website at https://disasterloan.sba.gov/ela.
Businesses and individuals may also obtain disaster loan information and application forms by calling the 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 email@example.com. Completed applications can be returned to a center before they close, or mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.