Oklahoma Disaster Relief Efforts: SBA to Open Disaster Loan Outreach Center in Chickasha

Strategic Insights -

A Disaster Loan Outreach Center (DLOC) will open at the Canadian Valley Tech Center in Chickasha, Oklahoma, on June 20 to provide disaster loan assistance to individuals and businesses affected by the May 22-25 severe storms, tornadoes, and flooding. The DLOC will be open from June 20 to June 30, with hours of operation from 9 a.m. to 6 p.m. on Mondays through Fridays.

As of Saturday, June 18, the Canadian Valley Tech Center continues to serve as a Disaster Recovery Center (DRC), staffed by representatives from the Oklahoma Department of Emergency Management (OEM), the Federal Emergency Management Agency (FEMA), the SBA, and other state and federal agencies. "DRCs are one-stop shops for disaster recovery," said State Coordinating Officer and OEM Director Albert Ashwood. "If you're a homeowner or renter in Grady County who suffered damage from the May storms, visit the Chickasha DRC by Saturday for one-on-one help."

Key Takeaways:

  • The SBA will open a Disaster Loan Outreach Center (DLOC) at the Canadian Valley Tech Center in Chickasha on June 20 to provide disaster loan assistance to individuals and businesses affected by the May 22-25 severe storms, tornadoes, and flooding.
  • The DLOC will be open from June 20 to June 30, with hours of operation from 9 a.m. to 6 p.m. on Mondays through Fridays.
  • Of the 655 households that have already registered for disaster assistance in Oklahoma, 124 are in Grady County.
  • Disaster grants approved to date top $1.7 million statewide, with more than $377,000 going to households in Grady County.
  • The SBA offers low-interest, federal disaster loans to businesses of all sizes and private nonprofits for their uncompensated losses, as well as to homeowners and renters for repair or replacement of damaged or destroyed property.
  • Homeowners may borrow up to $200,000 to repair or replace their primary residence, while renters and business owners can borrow up to $40,000 to replace damaged or destroyed personal property.
  • SBA can also lend additional funds to homeowners and businesses to help with the cost of making improvements that protect against similar disaster damage.

Statistics:

  • 655 households have already registered for disaster assistance in Oklahoma.
  • 124 households in Grady County have registered for disaster assistance.
  • $1.7 million in disaster grants have been approved statewide.
  • $377,000 of approved disaster grants have gone to households in Grady County.

Sources:

  • U.S. Department of Homeland Security's Federal Emergency Management Agency (FEMA)
  • U.S. Small Business Administration (SBA)
  • Oklahoma Department of Emergency Management (OEM)