SBA Opens Disaster and Business Recovery Centers in Areas of the State Impacted by Storms and Flooding

SBA Opens Disaster and Business Recovery Centers in Areas of the State Impacted by Storms and Flooding

The U.S. Small Business Administration (SBA) has opened numerous Disaster Recovery Centers and Small Business Recovery Centers in south central and southwest Wisconsin to help businesses affected by severe storms and flooding that occurred from Aug. 17 through Sept. 14, 2018.

The recent federal disaster declaration covers the counties of Crawford, Dane, Juneau, La Crosse, Marquette, Monroe, Richland, Sauk and Vernon, which are eligible for both Physical and Economic Injury Disaster Loans from the SBA. Small businesses and most private nonprofit organizations in the following adjacent counties are eligible to apply only for SBA Economic Injury Disaster Loans: Adams, Columbia, Dodge, Grant, Green, Green Lake, Iowa, Jackson, Jefferson, Rock, Trempealeau, Waushara and Wood.

SBA representatives at the Centers can provide information about disaster loans, answer questions and assist businesses in completing the SBA application. Please CLICK HERE for Center locations and operating hours.

Available SBA Business Disaster Loans:

  • Business Physical Disaster Loans – Loans to businesses to repair or replace disaster-damaged property owned by the business, including real estate, inventories, supplies, machinery and equipment. Businesses of any size are eligible. Private, non-profit organizations such as charities, churches, private universities, etc., are also eligible.
  • Economic Injury Disaster Loans (EIDL) – Working capital loans to help small businesses, small agricultural cooperatives, small businesses engaged in aquaculture, and most private, non-profit organizations of all sizes meet their ordinary and necessary financial obligations that cannot be met as a direct result of the disaster. These loans are intended to assist through the disaster recovery period.
    Please CLICK HERE for more information on available loans.

Additional details on the locations of Disaster Recovery Centers and the loan application process can be obtained by calling the SBA Customer Service Center at 800-659-2955 or by sending an e-mail to disastercustomerservice@sba.gov.

The filing deadline to return applications for physical property damage is Dec. 17, 2018. The deadline to return economic injury applications is July 18, 2019.

By | 2018-11-05T22:38:05+00:00 November 5th, 2018|WEDA News|0 Comments

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