SBA Business Recovery Center at the Glenwood Area Chamber of Commerce to Relocate

SACRAMENTO, California, March 29 -- The Small Business Administration's Office of Disaster Assistance issued the following news release:

Director Tanya N. Garfield of the U.S. Small Business Administration's Disaster Field Operations Center-West announced today that SBA will relocate its Glenwood Business Recovery Center from the Glenwood Area Chamber of Commerce to the Glenwood Resource Center beginning Monday, April 1 at 9 a.m.

"SBA opened the BRC to provide personalized assistance to Iowa businesses affected by the severe storms and flooding that began March 12, 2019. SBA customer service representatives and Iowa SBDC counselors will now be available at the Glenwood Resource Center to meet with business owners to explain how an SBA disaster loan can help finance their recovery. They will answer questions about SBA's disaster loan program, explain the application process and help each business owner complete their electronic loan application," Garfield said.

"Iowa SBDC business counselors are available to provide business assistance to clients on a wide variety of matters designed to help small business owners re-establish their operations, overcome the effects of the disaster and plan for their future. Services include assessing business working capital needs, evaluating the business's strength, cash flow projections, and most importantly, a review of options with the business owner to help them evaluate their alternatives and make decisions that are appropriate for their situation," Garfield continued. No appointment is necessary.

MILLS COUNTY

Business Recovery Center

Glenwood Resource Center

111 Lacey Street

Meyer Complex

Second Floor, Room 208

Glenwood, IA 51534

Opens 9 a.m. Monday, April 1

Mondays - Saturdays, 9 a.m. - 6 p.m.

According to Garfield, 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. These loans cover losses that are not fully covered by insurance or other recoveries.

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 to help meet working capital needs caused by the disaster. Economic Injury Disaster Loan assistance is available regardless of whether the business suffered any property damage.

For business owners who are unable to visit the business recovery center, they may apply online using SBA's secure website at https://disasterloan.sba.gov/ela.

SBA representatives also continue to meet with business owners and residents at disaster recovery centers located throughout the impacted area. For a list of locations, or to receive additional disaster assistance information, visit SBA's website at www.sba.gov/disaster. Applicants may also call SBA's Customer Service Center at (800) 659-2955 or email [email protected] (link sends e-mail) for more information. Individuals who are deaf or hard of hearing may call (800) 877-8339. Completed applications should be mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.

The deadline to apply for property damage is May 22, 2019. The deadline to apply for economic injury is Dec. 23, 2019.