The U.S. Small Business Administration announced today that its Disaster Loan Outreach Centers located in North Providence and Wakefield will close Friday, May 28 at the close of business. The West Warwick and Westerly Centers will be closed Monday, May 31 in recognition of Memorial Day andresume normal operations on Tuesday, June 1.
The Centers locations and hours of operations are:
 | SBA Disaster Loan Outreach Centers | |||
 |  |  |  |  |
 | Kent County |  |  | Providence County |
 | West Warwick Senior/Comm. Center |  |  | North Providence Public Library |
 | 145 Washington Street |  |  | 1810 Mineral Spring Avenue |
 | West Warwick, RI 02893 |  |  | North Providence, RI 02904 |
 | Open: Mon-Fri; 8 a.m. to 6 p.m. |  |  | Open: Mon-Fri; 10 a.m. to 6 p.m. |
 | Sat; 9 a.m. to 6 p.m. |  |  | Closes: Friday at close of business |
 |  | |||
 |  |  |  |  |
 | Washington County | |||
 | Union Fire Station |  |  | The South County |
 | South Kingstown |  |  | Community Action Agency |
 | 131 Asa Pond Road |  |  | 34 Pond Street |
 | Wakefield, RI 02879 |  |  | Westerly, RI 02891 |
 | Open: Mon-Fri; 8:30 a.m. to 4 p.m. |  |  | Open: Mon-Fri; 8:30 a.m. to 6 p.m. |
 | Closes: Friday at close of business |  |  | Sat; 9 a.m. to 4 p.m. |
 |
Disaster loans up to $200,000 are available to homeowners to repair or replace disaster damaged or destroyed real estate. Homeowners and renters are eligible up to $40,000 to repair or replace disaster damaged or destroyed personal property.
Businesses and private non-profit organizations of any size may borrow up to $2Â million to repair or replace disaster damaged or destroyed real estate, machinery and equipment, inventory, and other business assets. 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, and most private non-profit organizations of all sizes, the SBA offers Economic Injury Disaster Loans to help meet working capital needs caused by the disaster. Economic Injury Disaster Loan assistance is available if the business suffered no physical property damage.
Interest rates are as low as 2.625 percent for homeowners and renters, 3 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.
Anyone may obtain program information by calling the SBA's Customer Service Center at 800-659-2955 (or 800-877-8339 for people with speech or hearing disabilities) Monday through Friday from 8 a.m. to 6 p.m.; Saturday and Sunday from 9 a.m. to 5:30 p.m. EDT or by sending an e-mail to disastercustomerservice@sba.gov. Business loan applications may be downloaded from www.sba.gov/services/disasterassistance. Applications may be returned to one of the Centers or mailed to: U. S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, Texas, 76155. Those affected may apply for disaster loans from SBA's secure website at https://disasterloan.sba.gov/ela/.
The filing deadline to return applications for physical property damage is May 28, 2010. The deadline to return economic injury applications is December 29, 2010.
For more information about the SBA's Disaster Loan Programs, visit our website at www.sba.gov/services/disasterassistance.
Release Number: 10-448, RI 12098
Contacts:
U.S. Small Business Administration
Michael Lampton,
404-331-0333