SBA opens Business Recovery Center in Springfield

first_imgThe US Small Business Administration (SBA) has opened a Business Recovery Center in Springfield, Vermont.  Businesses affected by Tropical Storm Irene between Aug. 27 and Sept. 2, should come to the Center to apply for disaster assistance.  The Center opened Wednesday, Sept. 21 at the Office of the Springfield Development Corporation, 14 Clinton Street, Springfield, VT 05156. The operating hours are from 8 a.m. until 6 p.m., Monday through Friday; Saturdays, from 9 a.m. to 1 p.m. closed on Sundays, until further notice.   The space being utilized for the Business Recovery Center was obtained through a coordinated effort by the Vermont District Director and the Executive Director of the Springfield Regional Development Corporation, Bob Flint. SBA’s representatives will be on hand at the Business Recovery Center to issue loan applications, answer questions about the disaster loan program, explain the application process and assist business owners in completing their applications.  ‘Businesses and non-profit organizations of any size may borrow up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory, and other business assets,’ saidDarcy Carter, SBA’s Vermont district director.   The SBA may increase a loan up to 20 percent of the total amount of disaster damage to real estate and/or leasehold improvements, as verified by SBA, to make improvements that lessen the risk of property damage by future disasters of the same kind. For small businesses, small agricultural cooperatives, small businesses engaged in aquaculture, and most private non-profit organizations, the 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 physical property damage. The filing deadline to return applications for physical property damage is October 31, 2011.The deadline to return economic injury applications is June 1, 2012.The U.S. Small Business Administration (SBA) is the federal government’s primary source of money for the long-term rebuilding of disaster-damaged private property. SBA helps homeowners, renters, businesses of all sizes, and private non-profit organizations fund repairs or rebuilding efforts and covers the cost of replacing lost or disaster-damaged personal property. These disaster loans cover losses not fully compensated by insurance or other recoveries and do not duplicate benefits of other agencies or organizations.Disaster recovery assistance is available without regard to race, color, religion, nationality, sex, age, disability, English proficiency or economic status.  If you or someone you know has been discriminated against, call FEMA toll-free at 1-800-621-3362 (FEMA). Persons with a speech disability or hearing loss who use a TTY call 1-800-462-7585; or use 711 or Video Relay Service (VRS) to call 800-621-3362. Using a Web-enabled device or a smartphone, visit and follow the link to ‘apply online for federal assistance.’ Follow FEMA online at is external), is external), is external), and is external).  Also, follow Administrator Craig Fugate’s activities at is external). FEMA’s mission is to support our citizens and first responders to ensure that as a nation we work together to build, sustain, and improve our capability to prepare for, protect against, respond to, recover from, and mitigate all hazards.This Business Advisory is provided by FEMA’s Private Sector Division, which is part of the federal response to the Tropical Storm Irene recovery.  If you no longer wish to receive these Business Advisories, reply with the word ‘REMOVE’ in the subject line. If someone forwarded you this email, and you would like to be added to the distribution list, send an email with the word ‘SUBSCRIBE’ in the subject line to [email protected](link sends e-mail).last_img

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