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Business recovery center opens in Roswell
A person is helped to safety from a vehicle that became stuck in flood waters. Over 5 inches of precipitation fell in and around Roswell last month, causing severe flooding.
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A business recovery center opened in Roswell to help companies that were impacted by severe storms and flooding last month.
The U.S. Small Business Administration Roswell Small Business Center opened Nov. 8 to provide services to businesses that were affected by the storm and flooding on Oct. 19-20.
“If your business has sustained physical damage, or you’ve lost inventory, equipment or revenues, the SBA will help you navigate the resources available and work with you at our recovery centers or with our customer service specialists in person and online so you can fully submit your disaster loan application and be ready to receive financial relief as soon as funds are replenished,” SBA Administrator Isabel Casillas Guzman said in a statement.
Some of those services include providing a way for businesses and private nonprofit organizations to borrow up to $2 million to repair or replace damaged or destroyed real estate, according to an SBA news release.
President Joe Biden on Nov. 1 declared Chaves County a major disaster area because of the severe storm and floods that occurred Oct. 19-20. The federal declaration opened up eligibility for residents and business owners to apply for SBA disaster loans.
The physical damage loan application deadline is Dec. 31. The economic injury loan application deadline is Aug. 1.
“SBA’s Business Recovery Centers are a cornerstone of our support for business owners,” said Francisco Sánchez, Jr., associate administrator for the Office of Disaster Recovery and Resilience at the SBA. “At these centers, business owners can meet face-to-face with specialists to apply for disaster loans and access a wide range of resources to guide them through their recovery.”
