SBA Opens Business Recovery In Estes Park
The U. S. Small Business Administration (SBA) and the Colorado Small Business Development Center (SBDC) announce the opening of a Business Recovery Center (BRC) in Estes Park. The center is open now and is specifically designed to provide key financial and counseling services to businesses impacted by the severe storms, flooding, landslides and mudslides that began September 11, 2013.
“Due to the severe property damage and economic losses caused by the disaster, we want to provide every available service to help get businesses back on their feet,” said SBA’s Regional Administrator Matt Varilek.
“SBA customer service representatives (CSRs) and counselors from the Small Business Development Center (SBDC), will be on hand at the following SBA Business Recovery Center to help businesses impacted by this terrible disaster. We strongly encourage every business owner who has suffered property damage or economic losses to meet one-on-one with the experts at the BRC and to apply for disaster assistance,” said Public Information Officer Michael Flores.
The center will be open on the days and times indicated below. No appointment is necessary.
Business Recovery Center (BRC)
The Stanley Hotel
333 East Wonderview Avenue
Estes Park, CO 80517
Mondays through Fridays, 9 am – 6 pm
Saturdays, 9 am – 1 pm
Opens Monday, September 23, 2013
SBA disaster customer service representatives will be available to meet individually with business owners to explain how a low-interest federal SBA disaster loan can help finance their recovery. SBA is the federal government’s primary source of money for the long-term repair and rebuilding of disaster damages that are not fully covered by insurance or other recoveries. CSR’s will help business owners apply online using SBA’s Electronic Loan Application, answer questions about SBA’s disaster loan program, explain the application process and close approved disaster loans. Business owners do not need to wait on their insurance to settle or on a contractor’s estimate before seeking SBA financial assistance.
SBDC counselors will provide free counseling on a wide variety of matters designed to help these businesses overcome the effects of the disaster and plan for their future. Services include assessing business economic injury, evaluating the business’s strength, cash flow projections and most importantly, reviewing all options to ensure each business makes decisions that are appropriate for its situation.
Businesses of any size and private, nonprofit organizations may apply to SBA for low-interest disaster loans of up to $2 million to repair or replace damage to real estate, leasehold improvements, machinery and equipment, inventory and other business assets. These loans cover uninsured losses or situations where the insurance coverage falls short of repair or replacement costs.
For small businesses and most private, nonprofit organizations of any size, SBA offers Economic Injury Disaster Loans (EIDLs) to help meet working capital needs caused by the disaster. EIDL assistance is available regardless of whether the business suffered any property damage.
Additionally, disaster victims may go online to file an SBA application for disaster loan assistance. The Electronic Loan Application (ELA) is accessible via SBA’s secure Web site at https://disasterloan.sba.gov/ela.
Business owners who suffered losses from the severe storms, flooding, mudslides and landslides may get help from SBA representatives at any Business Recovery Center or Disaster Recovery Center. For a location nearest to them, they may contact SBA’s Customer Service Center by calling toll-free (800) 659 2955, e-mail SBA at email@example.com or visit SBA’s Web site at http://www.sba.gov/disaster. Individuals who are deaf or hard-of-hearing may call (800) 877-8339.
The filing deadline to return applications for property damage is November 14, 2013. The deadline to return economic injury applications is June 16, 2014.