The disaster declaration makes SBA assistance available in Benton,Β Clackamas, Clatsop, Columbia, Deschutes, Douglas, Hood River, Klamath, Lane, Lincoln, Linn, Marion, Multnomah, Polk, Tillamook, Wasco, Washington and Yamhill counties inΒ Oregon; and Clark, Pacific, Skamania and Wahkiakum counties in Washington.
βSBAβs mission-driven team stands ready to help Oregonβs small businesses impacted by the winter ice storm,β said Administrator Guzman. βWeβre committed to providing federal disaster loans swiftly and efficiently, with a customer-centric approach to help these businesses.β
βLow-interest federal disaster loans are available to help meet working capital needs caused by this disaster,β saidΒ Associate Administrator Francisco SΓ‘nchez of the U.S. Small Business Administrationβs Office of Disaster Recovery & Resilience. βBeginning Friday, Feb. 9, SBA customer service representatives will be available at the following virtual Business Recovery Center to answer questions about SBAβs disaster loan program, explain the application process and help each business owner complete their application,βΒ SΓ‘nchez continued. The virtual center will be open on the days and times indicated below. No appointment is necessary.
VIRTUAL BUSINESS RECOVERY CENTER
Opens at 8 a.m., Friday, Feb. 9
Monday β Friday
8:00 a.m. β 4:30 p.m.
FOCWAssistance@sba.gov
(916) 735-1531
βSmall nonfarm businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations of any size may qualify for Economic Injury Disaster Loans of up to $2Β million to help meet financial obligations and operating expenses which could have been met had the disaster not occurred,β said SΓ‘nchez.
βThese loans may be used to pay fixed debts, payroll, accounts payable and other bills that canβt be paid because of the disasterβs impact. Disaster loans can provide vital economic assistance to small businesses to help overcome the temporary loss of revenue they are experiencing,βΒ SΓ‘nchezΒ added.
Eligibility is based on the financial impact of the disaster only and not on any actual property damage. These loans have an interest rate of 4Β percent for small businesses and 3.25Β percent for private nonprofit organizations with terms up to 30Β years and are restricted to small businesses without the financial ability to offset the adverse impact without hardship.
Interest does not begin to accrue until 12 months from the date of the first disaster loan disbursement. SBA disaster loan repayment begins 12 months from the date of the first disbursement.
The Oregon Small Business Development Center (SBDC) Network is offering free, personalized counseling to help affected businesses in their recovery. Businesses may contact the Oregon SBDCΒ atΒ oregonsbdc.orgΒ to find the most convenient SBDC center and click on the βRequest Advisingβ webpage link.
Applicants may apply online and receive additional disaster assistance information atΒ SBA.gov/disaster.Β Applicants may also call SBAβs Customer Service Center at (800)Β 659β2955 or emailΒ disastercustomerservice@sba.govΒ for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.
Link to apply online for SBA 2024 January Ice Storm Disaster Assistance EIDL:
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The deadline to apply for economic injury is Nov. 8, 2024.
About the U.S. Small Business Administration
The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow, expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visitΒ www.sba.gov.
