The U.S. Small Business Administration announced the opening of a Disaster Loan Outreach Center in Philadelphia County to assist businesses, private nonprofits, and residents affected by severe storms occurring July 11.
Beginning Aug. 10, SBA customer service representatives will be on hand at the Disaster Loan Outreach Center in Philadelphia County to answer questions and assist with the disaster loan application process. Walk-ins are welcome and you can schedule in-person appointments in advance at appointment.sba.gov.
The hours of operation are listed below:
PHILADELPHIA COUNTY
Disaster Loan Outreach Center
Daroff Facility
Philadelphia, PA 19139
Opened Monday, Aug. 10
Hours: Monday – Friday, 8 a.m. – 5 p.m.
Saturday, 10 a.m. to 2 p.m.
Closes permanently at 4 p.m. Tuesday, Aug. 25
“When disasters strike, SBA’s Disaster Loan Outreach Centers perform an important role by assisting small businesses and their communities,” said Chris Stallings, Associate Administrator of the Office of Disaster Recovery and Resilience at the U.S. Small Business Administration. “At these centers, our SBA specialists help business owners and residents apply for disaster loans and learn about the full range of programs available to support their recovery.”
Businesses and nonprofits are eligible to apply for business physical disaster loans and may borrow up to $2 million to repair or replace disaster-damaged or destroyed real estate, machinery and equipment, inventory, and other business assets.
The SBA’s Economic Injury Disaster Loan (EIDL) program is available to eligible small businesses, small agricultural cooperatives, and private nonprofits — including faith-based organizations — impacted by financial losses directly related to this disaster. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for aquaculture enterprises.
EIDLs are for working capital needs caused by the disaster and are available even if the business or private nonprofit did not suffer any physical damage. The loans may be used to pay fixed debts, payroll, accounts payable, and other bills which could not be paid due to the disaster.
Homeowners and renters are eligible to apply for home and personal property loans and may borrow up to $100,000 to replace or repair personal property, such as clothing, furniture, cars, and appliances. Homeowners may apply for up to $500,000 to replace or repair their primary residence.
Interest rates are as low as 4% for small businesses, 3.625% for nonprofits, and 2.875% for homeowners and renters with terms of up to 30 years. Interest does not begin to accrue, and payments are not due until 12 months from the date of the first loan disbursement. The SBA determines eligibility and sets loan amounts and terms based on each applicant’s financial condition.
To apply online, visit sba.gov/disaster. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.
The filing deadline for returning applications for physical property damage is Sept. 28. The deadline to return economic injury applications is April 30, 2027.