The U.S. Small Business Administration (SBA) has announced that it is permanently closing its co-located Disaster Loan Outreach Center and Business Recovery Center in East St. Louis on Saturday, Jan. 14, 2023.
Until then, SBA’s friendly and knowledgeable Customer Service Representatives are available to answer questions, help upload documents, check an application’s status, and assist in completing late applications and reconsideration requests. SBA strongly encourages businesses and residents to visit the Center while in-person assistance is available.
Anyone referred to SBA by FEMA who has yet to complete their application can visit the Disaster Loan Outreach Center at the Clyde Jordan Center for assistance with inputting their application. There is no cost to apply and no obligation to accept a loan. If an application is denied, SBA automatically refers the applicant back to FEMA for potential additional grant consideration.
The Disaster Loan Outreach Center (DLOC) is open as indicated below until 3 p.m. Saturday, Jan 14, 2023:
SBA Disaster Loan Outreach Center and Business Recovery Center
St. Clair County
Clyde C. Jordan Community Center
6755 State St.
East St. Louis, IL 62203
Hours: Monday – Friday, 8:30 a.m. to 5 p.m.; Saturday, 9 a.m. to 3 p.m.
Closing permanently: Saturday, Jan. 14, 2023 at 3 p.m.
Due to the ongoing COVID-19 pandemic, the SBA has established protocols to help protect the health and safety of the public. All visitors to the DLOC are encouraged to wear a face mask.
The disaster declaration covers St. Clair County in Illinois, which is eligible for both Physical and Economic Injury Disaster Loans from the SBA. Small businesses and most private nonprofit organizations in the following adjacent counties are eligible to apply only for SBA Economic Injury Disaster Loans (EIDLs): Clinton, Madison, Monroe, Randolph and Washington in Illinois; and St. Louis County and St. Louis City in Missouri.
Businesses and private nonprofit organizations of any size may borrow up to $2 million to repair or replace disaster-damaged or destroyed real estate, machinery and equipment, inventory, and other business assets.
For small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations, the SBA offers Economic Injury Disaster Loans (EIDLs) to help meet working capital needs caused by the disaster. Economic Injury Disaster Loan assistance is available regardless of whether the business suffered any physical property damage.
Disaster loans up to $200,000 are available to homeowners to repair or replace disaster-damaged or destroyed real estate. Homeowners and renters are eligible for up to $40,000 to repair or replace disaster-damaged or destroyed personal property.
Building back smarter and stronger can be an effective recovery tool for future disasters. Applicants may be eligible for a loan amount increase of up to 20 percent of their physical damages, as verified by the SBA, for mitigation purposes. Eligible mitigation improvements may include a safe room or storm shelter, sump pump, elevation, retaining walls, and landscaping to help protect property and occupants from future damage caused by a similar disaster.
Interest rates are as low as 2.935 percent for businesses, 1.875 percent for nonprofit organizations, and 1.688 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.
To be considered for all forms of disaster assistance, applicants should register online at DisasterAssistance.gov or download the FEMA mobile app. If online or mobile access is unavailable, applicants should call the FEMA toll-free helpline at 800-621-3362. Those who use 711-Relay or Video Relay Services should call 800-621-3362.
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 # 17677.
Disaster loan information and application forms can also be obtained by calling the SBA’s Customer Service Center at 800-659-2955 (if you are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services) or sending an email to DisasterCustomerService@sba.gov. Loan applications can also be downloaded from sba.gov/disaster. Completed applications should be mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
The filing deadline to return applications for physical property damage was Dec. 22, 2022. The deadline to return economic injury applications is July 14, 2023.