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More than $50 Million in SBA Disaster Loans Approved in Illinois; Submit Applications before the November 17 Deadline

ATLANTA, Nov 12, 2010 (BUSINESS WIRE) -- More than $50 million in U.S. Small Business Administration Disaster Assistance Loans have been approved for homeowners, renters and businesses in designated Illinois counties affected by the severe storms and flooding that occurred on July 19 through Aug. 7, 2010.

SBA issued more than 91,000 disaster loan applications, however only 11,500 have been returned. "We are urging anyone affected by this disaster to visit one of the Disaster Loan Outreach Centers for one-on-one assistance and submit their loan application before the November 17 deadline," said Frank Skaggs, director of SBA's Field Operations Center East. Homeowners and renters who do not qualify for a disaster loan are referred to FEMA for possible additional grant consideration.

Cook County Centers will be closed on Nov. 25 in observance of Thanksgiving Austin YMCA St. Joseph's High School 501 North Central Avenue North Entrance Chicago, IL 60644 1840 Mayfair Avenue Opens: Monday, Nov. 15 at 9 a.m. Westchester, IL 60154 Monday - Friday; from 9 a.m. to 6 p.m. Open: Monday - Friday; from 9 a.m. to 6 p.m. The Town of Cicero Community Center 2250 South 49th Avenue Cicero, IL 60804 Opens: Monday, Nov. 15 at 9 a.m. Mondays; from 9 a.m. to 3 p.m. Tuesday - Friday; from 9 a.m. to 6 p.m. For more information on the disaster loan program and Center locations, call the SBA's Customer Service Center at 800-659-2955 (800-877-8339 for people with speech or hearing disabilities), Monday through Friday from 8 a.m. to 6 p.m. ET or send an e-mail to disastercustomerservice@sba.gov. Assistance is available in various languages. Apply online at SBA's secure website at https://disasterloan.sba.gov/ela/.

The filing deadline to return applications for physical damage is November 17, 2010. The deadline to return economic injury applications is May 19, 2011.

For more information about the SBA's Disaster Loan Programs, visit our website at www.sba.gov.

Release Number: 11-081, IL 12290/12291 SOURCE: U.S. Small Business Administration CONTACT: U.S. Small Business Administration Kathy Cook, 404-331-0333 Copyright Business Wire 2010 -0- KEYWORD: United States

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Illinois INDUSTRY KEYWORD: Small Business

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