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SBA Offers Disaster Assistance to Businesses and Residents of Illinois Affected by Civil Unrest

6/26/2020, 2:24 p.m. | Updated on 6/26/2020, 2:24 p.m.

SBA Offers Disaster Assistance to Businesses and Residents of Illinois Affected by Civil Unrest

Illinois businesses and residents affected by civil unrest on May 26 through June 8, 2020 can apply for low-interest disaster loans from the U.S. Small Business Administration, Administrator Jovita Carranza announced today.

Administrator Carranza made the loans available in response to a letter from Illinois Gov. J.B. Pritzker on June 22, requesting a disaster declaration by the SBA. The declaration covers Cook County and the adjacent counties of DuPage, Kane, Lake, McHenry, and Will in Illinois and Lake in Indiana.

“The SBA is strongly committed to providing the people of Illinois with the most effective and customer-focused response possible to assist businesses of all sizes, homeowners and renters with federal disaster loans,” said Carranza. “Getting businesses and communities up and running after a disaster is our highest priority at SBA.”

In accordance with health precautions for the Coronavirus (COVID-19), the SBA will not establish a field presence to assist survivors. However, SBA will continue to provide first class customer service and conduct outreach virtually with webinars, skype calls, phone assistance and step-by-step application assistance. To this end SBA has opened a Virtual Disaster Loan Outreach Center (VDLOC) to help survivors apply online using the Electronic Loan Application (ELA) via the SBA’s secure website at https://disasterloanassistance.sba.gov/ and there are virtual customer support representatives available to assist applicants with completing the online application. The VDLOC information:

Virtual Disaster Loan Outreach Center (VDLOC)

Open: Monday – Friday

Hours: 8 a.m. – 5 p.m.

Closed: Saturdays and Sundays

Closed: Friday, July 3 in observance of Independence Day

FOCE-Help@sba.gov

Phone: (571) 422-6016, (470) 363-6079

These services are only available for the Illinois disaster declaration as a result of the civil unrest on May 26 through June 8, 2020 and not for COVID-19 related assistance.

Business owners and residents should contact the SBA Customer Service Representatives at (571) 422-6016 and (470) 363-6079 to schedule an appointment for immediate one-on-one assistance

in completing their applications. The Center will be closed Friday, July 3 in observance of Independence Day. Requests for SBA disaster loan program information may be obtained by emailing FOCE-Help@sba.gov. The SBA will conduct extensive outreach to ensure that all impacted by the disaster are afforded the opportunity to seek assistance.

“Businesses and private nonprofit organizations may borrow up to $2 million to repair or replace disaster damaged or destroyed real estate, machinery and equipment, inventory, and other business assets,” said SBA’s Illinois District Director Robert Steiner.

For small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit 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.

“Loans up to $200,000 are available to homeowners to repair or replace damaged or destroyed real estate. Homeowners and renters are eligible for loans up to $40,000 to repair or replace damaged or destroyed personal property,” said Kem Fleming, center director of SBA’s Field Operations Center East in Atlanta.