Transition of Disaster Recovery Center to SBA Disaster Loan Outreach Center

Strategic Insights -

The U.S. Department of Homeland Security's Federal Emergency Management Agency announced the transition of the Disaster Recovery Center (DRC) in Poplar Bluff, Missouri, to a U.S. Small Business Administration (SBA) Disaster Loan Outreach Center (DLOC) on June 20, 2011. The DLOC will provide one-on-one assistance with SBA disaster loan applications and offer resources for those affected by the disaster. Homeowners, renters, and businesses may be eligible for low-interest disaster assistance loans to repair or replace damaged or destroyed properties.

Key Takeaways:

  • The DRC will transition to a DLOC on June 20, 2011, and remain open through June 29, 2011, with operating hours from 9 a.m. to 6 p.m.
  • SBA representatives at the DLOC will provide assistance with completing SBA disaster loan applications and answering questions about the disaster loan program.
  • Homeowners, renters, and businesses may be eligible for low-interest disaster assistance loans of up to $200,000 for real estate and up to $40,000 for personal property.
  • Businesses of any size and private non-profit organizations may borrow up to $2 million to repair or replace damaged real estate, machinery, and equipment.
  • Storm survivors can call the FEMA Helpline at 1-800-621-FEMA (3362) or the SBA Customer Service Center at 1-800-659-2955 for assistance.
  • Multi-lingual assistance is available, and telephone registration is open from 7 a.m. to 10 p.m., daily.
  • The SBA disaster loans cover losses not fully compensated by insurance or other recoveries and do not duplicate benefits of other agencies.
  • Disaster recovery assistance is available without regard to race, color, religion, nationality, sex, age, or economic status.

Statistics:

  • The maximum amount of SBA disaster assistance loans for real estate is $200,000.
  • Homeowners and renters may be eligible for up to $40,000 in SBA disaster assistance loans for personal property.
  • Businesses of any size and private non-profit organizations may borrow up to $2 million to repair or replace damaged properties.
  • The DLOC will be open from 9 a.m. to 6 p.m. from June 20 to June 29, 2011.
  • Telephone registration for SBA disaster assistance is available from 7 a.m. to 10 p.m., daily.

Sources:

  • U.S. Department of Homeland Security's Federal Emergency Management Agency
  • U.S. Small Business Administration