SBA Opens Business Recovery Centers in Connecticut

Sep 23, 2011, 18:45 ET from U.S. Small Business Administration

ATLANTA, Sept. 23, 2011 /PRNewswire-USNewswire/ -- The U.S. Small Business Administration announced the opening of two Business Recovery Centers in New Haven County.  Businesses affected by Tropical Storm Irene are encouraged to visit the Centers to apply for disaster assistance.  

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The Centers will open Monday, Sept. 26 at 10 a.m. and the hours of operations are Monday – Friday from 10 a.m. to 7 p.m.  The Centers will cease operations Thursday, Oct. 13 at the close of business.

New Haven County

Gateway Community College, Rm. 117
88 Bassett Road
North Haven, CT  06473

Soundview Family YMCA
628 East Main Street
Branford, CT  06405

SBA's representatives will be on hand at the Business Recovery Centers to issue loan applications, answer questions about the disaster loan program, explain the application process and assist business owners in completing their applications.  

"Businesses and non-profit organizations of any size may borrow up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory, and other business assets," said Bernard M. Sweeney, SBA's Connecticut district director.   The SBA may increase a loan up to 20 percent of the total amount of disaster damage to real estate and/or leasehold improvements, as verified by SBA, to make improvements that lessen the risk of property damage by future disasters of the same kind.

For small businesses, small agricultural cooperatives, small businesses engaged in aquaculture, and most private non-profit organizations, the SBA offers Economic Injury Disaster Loans to help meet working capital needs caused by the disaster.  Economic Injury Disaster Loan assistance is available regardless of whether the business suffered any physical property damage.

To obtain additional assistance call the SBA Customer Service Center at 800-659-2955 (800-877-8339 for the deaf and hard-of-hearing) Monday through Friday from 8 a.m. to 8 p.m., and Saturday and Sunday from 9 a.m. to 5:30 p.m. ET or send an email to disastercustomerservice@sba.gov.   Those affected by this disaster may fill out a loan application online by visiting SBA's website at https://disasterloan.sba.gov/ela/.

The filing deadline to return applications for physical property damage is November 3, 2011.
The deadline to return economic injury applications is June 4, 2012.      

For more information about the SBA's Disaster Loan Program, visit our website at www.sba.gov.

Contact:   Michael Lampton
Phone:  404-331-0333

SOURCE U.S. Small Business Administration



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