The Disaster Recovery Center in West will convert to a US. Small Business Administration Disaster Loan Outreach Center starting June 3rd. The Disaster Loan Outreach Center will be located at Pointwest Drive Thru Bank, 210 North Roberts Street in West.
The SBA federal disaster loans are the main source for of money to help pay for damages caused by the fertilizer explosion. SBA provides federal low-interest disaster loans up to $200,000 to homeowners to replace or repair any damaged real estate. Renters and homeowners are eligible for up to $40,000 to repair or replace any destroyed or damaged property.
The DLOC will be open Monday through Friday 9 a.m. to 6 p.m. until further notice. Small Business Administration representatives will be there to answer questions regarding the application process and to help individuals and businesses apply for loans or close their approved disaster loans.
FEMA specialists will also be their to answer any questions and provide information on disaster assistance available from FEMA.
"As the DRC transitions to a DLOC, we know some West residents may still have questions regarding their applications for assistance, or simply prefer to talk with someone face to face," said Federal Coordinating Officer Kevin L. Hannes.
Economic Injury Disaster Loans are offered for small businesses and private or nonprofit organizations to help with capital problems caused by the disaster. It is available regardless of any damage suffered from the explosion.