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Mayflower Disaster Recovery Center transitions to SBA Disaster Loan Outreach Center

Posted: June 11, 2014 - 5:27pm

To meet the needs of Arkansans affected by the April 27 severe storms, tornadoes and flooding, the state/federal Disaster Recovery Center in Mayflower will transition into a U.S. Small Business Administration (SBA) Disaster Loan Outreach Center on Monday, June 16.

The center’s hours will be 9 a.m. to 6 p.m. Monday through Friday. The center will close Thursday, June 26, at 6 p.m. 

Address:

600 Highway 365

Mayflower, AR 72106

SBA customer service representatives will continue to be available to meet individually with homeowners, renters and businesses to answer their questions, explain SBA’s disaster loan program, help them complete their applications, and close their approved loans. 

SBA low-interest disaster loans up to $200,000 are available to homeowners to repair or replace damaged or destroyed real estate. Homeowners and renters are eligible for up to $40,000 to repair or replace damaged or destroyed personal property.

Businesses of any size and private, non-profit organizations may borrow up to $2 million to repair or replace damaged or destroyed real estate, inventories, supplies, machinery and equipment. 

Economic Injury Disaster Loans – working capital loans up to $2 million – are available to help small businesses, small agricultural cooperatives, small businesses engaged in aquaculture, and most private, non-profit organizations of all sizes meet their ordinary and necessary financial obligations that cannot be met as a direct result of the disaster. 

To date, the SBA has approved more than $5,100,000 in low-interest disaster loans to Arkansas residents and businesses. 

Survivors can also ask questions about the FEMA disaster assistance process and check the status of their FEMA registrations by calling 1-800-621-3362 or TTY 1-800-462-7585, or clicking www.disasterassistance.gov or m.fema.gov for web-enabled devices. Those who use 711 Relay or Video Relay Services may call 1-800-621-3362. The toll-free telephone numbers will operate from 7 a.m. to 10 p.m. seven days a week. The registration deadline for Arkansas survivors of the April 27 severe storms, tornadoes and flooding is June 30.

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