News Column

SBA Disaster Loan Outreach Center in Darrington to Close

May 19, 2014

WASHINGTON, May 19 -- The Small Business Administration's Office of Disaster Assistance issued the following news release:

Nancy Porzio, District Director of the U.S. Small Business Administration's (SBA) Seattle District Office, announced today that SBA will close its Disaster Loan Outreach Center in Darrington at 6:00 pm on Thursday, May 29.

"SBA opened the center to provide personalized assistance to residents and business owners who were affected by the flooding and mudslides that occurred March 22 - April 28. Until the Darrington center closes, SBA customer service representatives will continue to be available to meet with residents and business owners one-on-one to answer their questions, explain SBA's disaster loan program and help them complete their applications," said Porzio.

Residents and business owners can continue to meet with SBA representatives at the following location on the days and times indicated. No appointment is necessary.


SBA Disaster Loan Outreach Center

Snohomish County Joint Resources Center

1075 Fir Street

Darrington, WA 98241

(next to Darrington High School)

Monday thru Thursday, 9:30 am - 6:00 pm

Closes Thursday, May 29 at 6:00 pm

Disaster loans up to $200,000 are available to homeowners to repair or replace damaged or destroyed real estate. Homeowners and renters are eligible for up to $40,000 to repair or replace damaged or destroyed personal property.

Businesses of any size and private, nonprofit organizations may borrow up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory, and other business assets. SBA can also lend additional funds to homeowners and businesses to help with the cost of making improvements that protect, prevent or minimize the same type of disaster damage from occurring in the future.

For small businesses, small agricultural cooperatives, small businesses engaged in aquaculture, 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.

Interest rates can be as low as 2.250 percent for homeowners and renters, 2.625 percent for private, nonprofit organizations and 4 percent for businesses, with terms up to 30 years. Loan amounts and terms are set by SBA and are based on each applicant's financial condition.

Applicants may apply online using the Electronic Loan Application (ELA) via SBA's secure Web site at

Disaster loan information and application forms are also available from SBA's Customer Service Center by calling (800) 659-2955 or e-mailing Individuals who are deaf or hard of hearing may call (800) 877-8339. For more information about SBA's disaster assistance programs, visit

The filing deadline to return applications for property damage is June 2, 2014. The deadline to return economic injury applications is January 2, 2015.

SBA Field Operations Center - West, P.O. Box 419004, Sacramento, CA 95841

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Source: Targeted News Service

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