Low-interest federal disaster loans from the U. S. Small Business Administration (SBA) are available to residents and businesses impacted by the severe winter storm system that occurred January 17 – 21, 2012.
These loans are available to disaster impacted residents and businesses in Marion and neighboring counties of Clackamas, Jefferson, Linn, Polk, Wasco and Yamhill
Key points
NOT JUST FOR SMALL BUSINESSES
Loans for repairing or replacing disaster-damaged property
- Homeowners may borrow up to $200,000 to repair or replace their disaster-damaged primary residence.
- Homeowners and renters may borrow up to $40,000 to replace disaster-damaged personal property, including vehicles.
- Businesses of any size and private, non-profit organizations may borrow up to $2 million to repair or replace disaster-damaged real estate, machinery and equipment, inventory and other assets.
- Interest rates can be as low as 2.063% for homeowners and renters, 4% for businesses and 3% private non-profit organizations. Terms may be up to 30 years, SBA determines loan amounts and terms based on each applicant's financial condition.
Loans to help meet working capital needs caused by the disaster
- Small businesses and most private, non-profit organizations of any size may borrow to help meet working capital needs caused by the disaster (regardless of whether the business suffered any property damage) The maximum business disaster loan is $2 million for any combination of property damage and working capital.
Three ways to apply
1. Apply in person at the location below where SBA representatives will issue loan applications, answer questions about SBA's disaster loan program, explain the application process and help each resident or business owner complete their disaster loan application.
2. Apply online using SBA's secure Web site at https://disasterloan.sba.gov/ela
3. Apply by mailing your application to SBA at 14925 Kingsport Rd., Ft. Worth, TX 76155-2243
Marion County
Disaster Loan Outreach Center
Maps Credit Union – South Salem Branch
4615 Commercial Street SE
Salem, OR 97302
Opens Tuesday, April 3 at 9:30 am
Mondays through Fridays, 9:30 am to 5:30 pm
In addition, disaster loan information and application forms are also available from SBA by calling (800) 659-2955, emailing disastercustomerservice@sba.gov, or visiting SBA's Web site at www.sba.gov/services/disasterassistance. Individuals who are deaf or hard‑of‑hearing may call (800) 877‑8339.
Links to SBA's website for –
SBA disaster assistance information
www.sba.gov/services/disasterassistance
Apply on line at
https://disasterloan.sba.gov/ela
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ReplyDeleteFlooding.
ReplyDeleteWaln Creek continues to run over the banks when it rains.
Why?
Most of the stream runs through our backyards. Why then do we have such flooding? Is it due to the new housing that is going on?
Perhaps it is the 19 culverts that are not up to the minimum flooding/storm water standards that the city identified in 2000.
There is a new project before the Planning Commission, on Davis Ave.
They want to build 228 apartments on 10 acres. TO do this they need the Planning Commission, using their discretionary powers, to change the Zone Code from the present single family to multi-family zoning. They will require parking for over 500 cars. For every inch of rain this new site could produce 300,000 gallons of water emptied into the Storm Water System - that would be Waln Creek.
This is the same Waln Creek that flows near Sumpter Elementary and behind many of the homes our children attend.
If you might be concerned then share your ideas. Send an email to the Planning Commission, care of "bcolbourne@cityofsalem.net" before 22 May. Ask them to detain all that storm water on the development property. Tell them your concern for the flooding. Let them know you want their help to either finish the 10 million dollars in Waln creek storm water improvements specified in the Salem Stormwater Master Plan of 2000 or reduce the amount of water that causes the flooding. Let them you want the Commission to "Protect the Lives and Property Values of our community".