TOPEKA, Kan. — The Kansas Division of Emergency Management was notified that the request to add Marion County to the Small Business Administration disaster declaration was approved. This approval is for the incident period of June 22 through July 6, 2019.
The disaster declaration also makes SBA assistance available in the contiguous counties of Butler, Chase, Dickinson, Harvey, McPherson, Morris and Saline.
“Approval of this Small Business Administration disaster declaration for Marion County and the contiguous counties is one more step in the recovery and rebuilding process for those counties,” Governor Laura Kelly said. “These loans will assist individuals and businesses in the affected counties with rebuilding and put our state back on the path to recovery.”
Beginning Tuesday, Aug. 6, SBA representatives will be on hand at the following Disaster Loan Outreach Center to answer questions about SBA’s disaster loan program, explain the application process and help each individual complete their application.
MARION COUNTY
Disaster Loan Outreach Center
Civic Center
West Community Room
118 East Grand Ave.
Hillsboro, KS 67063
Opens 8 a.m. Tuesday, August 6 (No appointment necessary)
SBA provides low-interest disaster loans to businesses of all sizes, private non-profit organizations, homeowners, and renters. SBA disaster loans can be used to repair or replace damaged or destroyed property in a declared disaster, including real estate, personal property, machinery and equipment, and inventory and business assets.
Businesses of all sizes and private nonprofit organizations may borrow up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory and other business assets. SBA can also lend additional funds to businesses and homeowners to help with the cost of improvements to protect, prevent or minimize the same type of disaster damage from occurring in the future.
For small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations of any size, SBA offers Economic Injury Disaster Loans to help meet working capital needs caused by the disaster. Economic injury assistance is available regardless of whether the business suffered any property damage.
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.
Interest rates can be as low as 4 percent for businesses, 2.75 percent for private nonprofit organizations and 1.938 percent for homeowners and renters with terms up to 30 years. Loan amounts and terms are set by SBA and are based on each applicant’s financial condition.
Applicants may apply online, receive additional disaster assistance information and download applications at https://disasterloan.sba.gov/e
The deadline to apply for property damage is Sept. 30, 2019. The deadline to apply for economic injury is May 1, 2020.