Posted Thursday, October 13th, 2011
The U.S. Small Business Administration has opened a Business Recovery Center at the Denville Municipal Building, 1 Saint Mary’s Place, in Denville.
SBA representatives staffing the BRC will be able to provide one-on-one assistance to business owners seeking disaster assistance for losses caused by Hurricane Irene that occurred between Aug. 27 and Sept. 5.
Customer service representatives at the Denville center will also be able to issue loan applications, answer questions about the disaster loan program, explain the application process and assist business owners in completing their applications.
The Denville BRC will be open Monday through Friday from 8 a.m. to 5 p.m.
“Businesses with physical damages or loss of revenue should seriously consider visiting the center and applying for an SBA disaster business loan,” said SBA District Director Al Titone. “SBA’s disaster loans provide a way to help businesses get back in operation and the low interest rate and terms help make them more affordable than other types of financing.”
According to the DBA, its average disaster business loan for this disaster is currently $121,000, which it said supports the notion that businesses throughout New Jersey sustained significant physical and economic losses. SBA business applicants range from manufacturers and repair shops to restaurateurs, dentists, accountants and owners of rental properties.
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.
To obtain additional assistance call, the SBA Customer Service Center at 800-659-2955 or 800-877-8339 for the deaf and hard-of-hearing, or send an email to [email protected]
Those affected by the disaster may also apply for disaster loans electronically from SBA’s website at https://disasterloan.sba.gov/ela/.
The filing deadline to return applications for physical property damage is Oct. 31, 2011. The deadline to return economic injury applications is May 31, 2012.