PORT ARTHUR — The Small Business Administration, SBA, announced the opening of a Business Assistance Center in Port Arthur to provide a wide range of services to businesses impacted by Hurricane Ike.
“Due to the severe property damage and economic loss Hurricane Ike inflicted on businesses in Texas, we want to provide every available service to help get them back on their feet,” Rear Admiral Steven Smith USN (Ret.), chief of the executive office of SBA’s office of disaster strategic planning and operations said. “These centers will provide a single one-stop location for businesses to access a variety of specialized help.”
Businesses of any size and private, non-profit 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 losses that are not fully covered by insurance or other recoveries.
For small businesses, small agricultural cooperatives and most private, non-profit organizations of all sizes, SBA also offers Economic Injury Disaster Loans up to $2 million to help meet working capital needs created by the disaster. Many small businesses are suffering financial losses caused by extended power outages, even though they have not suffered any property damage.
Business owners may also get help from SBA representatives at any Disaster Recovery Center in Texas. They may also contact SBA’s Customer Service Center by calling toll-free 1-800-659-2955 or by e-mailing disastercustomerservice@sba.gov. Hearing impaired individuals may call toll-free 1-800-877-8339 or visit SBA’s Web site at www.sba.gov/services/disasterassistance. Additionally, disaster victims may now go online to file an SBA application for disaster loan assistance. The Electronic Loan Application is accessible via SBA’s secure Web site at https://disasterloan.sba.gov/ela.
The Business Assistance Center in Port Arthur is located:
Lamar State College SBDC, 1401 Procter St., Port Arthur, TX. 77641. The center is open from 8 a.m. to 5 p.m., Mondays through Fridays.
Hurricane Ike - Latest News
September 25, 2008
Business Assistance Center opened in Port Arthur for Ike victims
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