SBA to Close Business Recovery Centers in Michigan

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Dec 01, 2014, 01:11 ET

ATLANTA, Dec. 1, 2014 /PRNewswire-USNewswire/ -- The U.S. Small Business Administration announced today that due to a steady decrease of activity, all three of its Business Recovery Centers (BRCs) in Michigan will close on Thursday, Dec. 4 at close of business. Business owners interested in obtaining a low-interest disaster loans are encouraged to visit the Centers before they cease operations.

The Center locations and hours of operation are as follows:

SBA Business Recovery Centers (BRCs)

Oakland County	Macomb County
Oak Park Community Center	Renaissance Unity Church, Gathering Room
14300 Oak Park Blvd.	11200 E. 11 Mile Road
Oak Park, MI 48237	Warren, MI 48089
Hours: Mon. - Thu., 8 a.m. – 5 p.m.	Hours: Mon. - Thu., 9 a.m. – 6 p.m.
Closing: Thur., Dec. 4 at 5 p.m.	Closing: Thur., Dec. 4 at 6 p.m.

Wayne County
Grand Valley State University
Downtown Detroit Center
163 Madison Street
Detroit, MI 48226
Hours: Mon. - Thu., 8:30 a.m. - 5 p.m.
Closing: Thur., Dec. 4 at 5 p.m.

Affected businesses have three ways to apply:

Applicants can meet with an SBA representative and apply at any Disaster Recovery Center, Disaster Loan Outreach Center or Business Recovery Center located throughout the disaster area.
Applicants may apply online using the Electronic Loan Application (ELA) via SBA's secure website at https://disasterloan.sba.gov/ela.
Loan applications can be downloaded from www.sba.gov/disaster and mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.

Interest rates are as low as 2.625 percent for non-profit organizations and 4 percent for businesses with terms up to 30 years. Loan amounts and terms are set by the SBA and are based on each applicant's financial condition. There is no cost to apply and no obligation to take a loan if it is offered.

Details on the locations of Disaster Recovery Centers and the loan application process can be obtained by calling the SBA Customer Service Center at 800-659-2955 (800-877-8339 for the deaf and hard-of-hearing) or by sending an email to [email protected].

The filing deadline to return applications for physical property damage is December 15, 2014. The deadline to return economic injury applications is June 25, 2015.

For more information about the SBA's Disaster Loan Program, visit our website at www.sba.gov/disaster.

Contact: Michael Lampton
Email: [email protected]
Phone: (404) 331-0333

Release Number: 15-075, MI 14132/14133

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SOURCE U.S. Small Business Administration