SBA Opens Additional Business Recovery Center in West Virginia

8/24/2017

ATLANTA – The U.S. Small Business Administration (SBA) announced the opening of a Business Recovery Center (BRC) in Marshall County on Aug. 25, to help businesses impacted by severe storms, flooding, landslides and mudslides on Jul. 28-29, 2017. This is in addition to the previously announced BRC opening tomorrow in Marion County. 

 

SBA representatives at the Centers can provide information about disaster loans, answer questions and assist businesses in completing the SBA application.  The Centers are located as indicated below and will operate until further notice.

 

Marion County

Alan B. Mollohan Innovation Center

1000 Technology Drive

Fairmont, WV 26554

 

Opening:   Friday, Aug. 25 at 9 a.m.

Hours:      Monday – Friday, 9 a.m. to 6 p.m.

Closed:     Saturdays and Sundays

Marshall County

Marshall County Chamber of Commerce

609 Jefferson Avenue

Moundsville, WV 26041

 

Opening:   Friday, Aug. 25 at 8 a.m.

Hours:      Monday – Friday, 8 a.m. to 4 p.m.

Closed:     Saturdays and Sundays

 

Businesses and nonprofits can apply up to $2 million to repair or replace disaster damaged real estate, machinery, equipment, inventory and other business assets.  Loans for working capital, known as Economic Injury Disaster Loans, are available even if the business did not suffer any physical damage.  Interest rates are as low as 3.305 percent for businesses, 2.5 percent for private nonprofit organizations, with terms up to 30 years.  SBA loan amounts and terms are based on each applicant’s circumstances. To be considered for this assistance, survivors need to apply by the deadline. 

 

Additional information on the disaster loan program may be obtained by calling SBA’s Customer Service Center at 800-659-2955 (800-877-8339 for the deaf and hard-of-hearing) or by sending an email to disastercustomerservice@sba.gov.  Loan applications can be downloaded from www.sba.gov.  Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at https://disasterloan.sba.gov/ela.

 

The filing deadline to return applications for physical property damage is Oct. 17, 2017. 
The deadline to return economic injury applications is May 18, 2018.

 

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


Contact Information

Butch Antolini, Butch.Antolini@wv.gov

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