The U.S. Small Business Administration (SBA) announced today it will open a Business Recovery Center at noon Thursday, Jan. 19, at the Spalding Senior Center in Spalding County. The center will provide help to Georgians applying for SBA disaster loan assistance for losses due to severe storms, straight-line winds and tornadoes that occurred Jan. 12.
“Our Business Recovery Centers are one of the most powerful resources at SBA’s disposal to support business owners in the midst of a disaster,” said Francisco Sanchez, Jr., Associate Administrator, Office of Disaster Assistance. “Business owners can meet in-person with our specialists to apply for SBA disaster loans and get information on the full breadth of our programs designed to help them navigate their recovery.”
SBA’s Customer Service Representatives are available in-person to assist business owners and residents in person with filling out an application and answering questions about the disaster loan program. The center will operate as indicated below until further notice:
Spalding Senior Center
885 Memorial Drive
Griffin, GA 30223
Opening: Thursday, Jan. 19, noon to 6 p.m.
Hours: Monday to Saturday, 8 a.m. to 6 p.m.
Interest rates are as low as 3.305 percent for businesses, 2.375 percent for nonprofit organizations, and 2.313 percent for homeowners and renters, with terms up to 30 years. Loan amounts and terms are set by the SBA and are based on each applicant’s financial condition.
Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at https://disasterloanassistance.sba.gov/ela/s/ and should apply under SBA declaration # 17761.