{"id":757,"date":"2021-10-29T09:11:56","date_gmt":"2021-10-29T09:11:56","guid":{"rendered":"https:\/\/www.mysetaside.com\/newsevents\/?p=757"},"modified":"2021-10-29T09:11:59","modified_gmt":"2021-10-29T09:11:59","slug":"sba-to-open-disaster-loan-outreach-center-for-dc-metro-areas-impacted-by-remnants-of-tropical-storm-ida","status":"publish","type":"post","link":"https:\/\/www.mysetaside.com\/news-and-events\/sba-to-open-disaster-loan-outreach-center-for-dc-metro-areas-impacted-by-remnants-of-tropical-storm-ida\/","title":{"rendered":"SBA to Open Disaster Loan Outreach Center for DC Metro Areas Impacted by Remnants of Tropical Storm Ida"},"content":{"rendered":"\n
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\nWashington Metropolitan Area District Office  – October 2021<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/td>\n<\/tr>\n

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\nSBA Opening Disaster Loan Outreach Center in Montgomery County, Maryland for Businesses and Residents Affected by Remnants of Tropical Storm Ida<\/strong><\/h1>\n

\nThe U.S. Small Business Administration (SBA) is opening a temporary Disaster Loan Outreach Center (DLOC) in Montgomery County, Maryland, to help local businesses and residents impacted by remnants of Tropical Storm Ida submit applications for disaster loan\n assistance.<\/p>\n

\nEligible jurisdictions in the Washington Metropolitan Area include Montgomery and Prince George’s Counties in Maryland; the District of Columbia; and Arlington, Fairfax and Loudoun Counties in Virginia. Qualifying incidents must have occurred between August\n 31, 2021 and September 4, 2021.<\/p>\n

\nThe DLOC in Montgomery County will open at the Twinbrook Library (202 Meadow Hall Drive, Rockville, MD 20851) beginning at 12:00pm (ET) on Monday, October 25, 2021. The Center closes permanently at 4:00pm (ET) on Friday, November 5 (see operating hours\n below).<\/strong><\/p>\n

\nThe SBA encourages impacted businesses of all sizes, non-profit organizations, homeowners, and renters to visit the DLOC to have questions answered about the program and to receive one-on-one assistance in completing the disaster loan application.<\/p>\n

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\nThe Montgomery County DLOC will be open (Eastern Time Zone):<\/strong><\/p>\n\n

\nFriday, October 29, 2021 — 10:00am to 6:00pm<\/p>\n

\nSaturday, October 30, 2021 — 10:00am to 2:00pm<\/p>\n

\nSunday, October 31, 2021 — CLOSED<\/strong><\/p>\n

\nMonday, November 1, 2021 — 10:00am to 6:00pm<\/p>\n

\nTuesday, November 2, 2021 — 12:00pm to 8:00pm<\/p>\n

\nWednesday, November 3, 2021 — 10:00am to 6:00pm<\/p>\n

\nThursday, November 4, 2021 — 12:00pm to 8:00pm<\/p>\n

\nFriday, November 5, 2021 — 10:00am to 4:00pm (the Montgomery County DLOC will close permanently on November 5 at 4:00pm)<\/strong><\/p>\n

\nDue to the ongoing COVID-19 pandemic, the SBA has established protocols to help protect the health and safety of the public. All visitors to the DLOC are encouraged to wear a face mask.<\/p>\n

\nBusinesses 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.<\/p>\n

\nFor small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations, the SBA offers Economic Injury Disaster Loans (EIDLs) to help meet working capital needs caused by a declared disaster.\n EIDL assistance is available for businesses that sustained physical property damage and\/or economic damage.<\/p>\n<\/div>\n

\n\u201cLoans 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,\u201d said Kem Fleming, Director of\n SBA\u2019s Field Operations Center-East in Atlanta, Georgia.<\/p>\n

\nApplicants may be eligible for a loan amount increase of up to 20 percent of their physical damages, as verified by the SBA for mitigation purposes. Eligible mitigation improvements may include a safe room or storm shelter, sump pump, French drain, or retaining\n wall to help protect property and occupants from future damage caused by a similar disaster.<\/p>\n

\nInterest rates for this loan program are as low as 2.855 <\/strong>percent for businesses,\n2 <\/strong>percent for nonprofit organizations, and 1.563 <\/strong>\npercent for homeowners and renters, with repayment terms of up to 30 years. Loan amounts and terms are established by the SBA and are based on each applicant\u2019s financial condition.<\/p>\n

\nApplicants who apply online using the secure Electronic Loan Application (ELA) portal at\n\nhttps:\/DisasterLoanAssistance.sba.gov\/ela\/s<\/a> should do so under SBA declaration #17229 and not under the COVID-19 incident.<\/p>\n

\nDisaster loan information and application forms may also be obtained by calling the SBA\u2019s Disaster Assistance Customer Service Center at\n800-659-2955 <\/strong>(800-877-8339 for the deaf and hard-of-hearing) or emailing\n\nDisasterCustomerService@sba.gov.<\/span><\/a> Loan application forms may be downloaded at\n\nhttps:\/\/disasterloanassistance.sba.gov\/ela\/s\/article\/Paper-Forms<\/a>. Completed paper applications should be mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.<\/p>\n

\nThe filing deadline to return applications for physical property damage is \nDecember 17, 2021<\/u><\/strong>. The deadline to return economic injury applications is\nJuly 18, 2022<\/u><\/strong>.<\/p>\n

\nFor additional details, please click the button below.<\/p>\n

\nDISCLAIMER:<\/sub><\/strong> All SBA programs and services are extended to the public on a nondiscriminatory basis. <\/sub>This website is provided as a public service. It is not an official U.S. government website and it may contain\n links to non-U.S. government information. Inclusion of such links does not constitute or imply an endorsement by SBA. SBA is not responsible for the content, accuracy, relevance, timeliness or completeness of linked information. Please use caution when considering\n a product, service or opinion offered by a linked website.<\/sub><\/em><\/em><\/p>\n

\nClick\n for More Information<\/a><\/h3>\n<\/td>\n<\/tr>\n\n<\/tbody>\n<\/table>\n<\/div>\n<\/td>\n<\/tr>\n\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
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\nWashington Metropolitan Area District Office  – October 2021<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/td>\n<\/tr>\n

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\nSBA Opening Disaster Loan Outreach Center in Montgomery County, Maryland for Businesses and Residents Affected by Remnants of Tropical Storm Ida<\/strong><\/h1>\n

\nThe U.S. Small Business Administration (SBA) is opening a temporary Disaster Loan Outreach Center (DLOC) in Montgomery County, Maryland, to help local businesses and residents impacted by remnants of Tropical Storm Ida submit applications for disaster loan
\n assistance.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-757","post","type-post","status-publish","format-standard","hentry","category-news-events"],"_links":{"self":[{"href":"https:\/\/www.mysetaside.com\/news-and-events\/wp-json\/wp\/v2\/posts\/757","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mysetaside.com\/news-and-events\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mysetaside.com\/news-and-events\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.mysetaside.com\/news-and-events\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mysetaside.com\/news-and-events\/wp-json\/wp\/v2\/comments?post=757"}],"version-history":[{"count":2,"href":"https:\/\/www.mysetaside.com\/news-and-events\/wp-json\/wp\/v2\/posts\/757\/revisions"}],"predecessor-version":[{"id":759,"href":"https:\/\/www.mysetaside.com\/news-and-events\/wp-json\/wp\/v2\/posts\/757\/revisions\/759"}],"wp:attachment":[{"href":"https:\/\/www.mysetaside.com\/news-and-events\/wp-json\/wp\/v2\/media?parent=757"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mysetaside.com\/news-and-events\/wp-json\/wp\/v2\/categories?post=757"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mysetaside.com\/news-and-events\/wp-json\/wp\/v2\/tags?post=757"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}