ATLANTA –The U.S. Small Business Administration announced today the opening of two Disaster Loan Outreach Centers (DLOCs) and a Business Recovery Center in Kentucky on Monday, April 2. These Centers will continue to provide one-on-one assistance to homeowners, renters and business owners seeking disaster assistance for losses caused by the severe storms, tornadoes, winds and flooding that occurred between Feb. 29 and March 3, 2012.
“Survivors who receive a SBA disaster loan application should submit it as soon as possible to receive consideration for a loan to help with their recovery”, said Frank Skaggs, director of SBA Field Operations Center East. “SBA’s Customer Service Representatives will be on hand at all of the Centers to issue loan applications, answer questions about the disaster loan program, explain the application process and assist survivors with completing their applications”, Skaggs added.
All SBA Centers will remain at the current Disaster Recovery Center locations and open Monday,
April 2, with hours Monday thru Friday, 9 am to 6 pm, closed Saturdays and Sundays; and remain open until further notice, at the following locations:
Disaster Loan Outreach Centers
Goshen Christian Church
1773 Bracht Piner Road
Morning View, KY 41063
Lawrence County Community Center
180 Bulldog Lane
Louisa, KY 41230
Business Recovery Center
Paintsville Recreation Center
232 Preston Street
Paintsville, KY 41240
Disaster loans up to $200,000 are available to homeowners to repair or replace disaster damaged or destroyed real estate. Homeowners and renters are eligible up to $40,000 to repair or replace disaster damaged or destroyed personal property.
Businesses and non-profit organizations of any size may borrow up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory, and other business assets.
The SBA may increase a loan up to 20 percent of the total amount of disaster damage to real estate and/or leasehold improvements, as verified by SBA, to make improvements that lessen the risk of property damage by future disasters of the same kind.
For small businesses, small agricultural cooperatives, small businesses engaged in aquaculture, and most private non-profit organizations, the SBA offers Economic Injury Disaster Loans to help meet working capital needs caused by the disaster. Economic Injury Disaster Loan assistance is available regardless of whether the business suffered any physical property damage.
To be considered for all forms of disaster assistance, call the Federal Emergency Management Agency (FEMA) at 800-621-FEMA (3362), (TTY) 800-462-7585 for the deaf and
To obtain additional assistance call, the
SBA Customer Service Center
at 800-659-2955 (800-877-8339 for the deaf and hard-of-hearing) or send an email to firstname.lastname@example.org.
Those affected by the disaster may also apply for disaster loans electronically from SBA’s website at https://disasterloan.sba.gov/ela/ .
The filing deadline to return applications for physical property damage is
May 7, 2012.
The deadline to return economic injury applications is December 6, 2012.
LEXINGTON, Ky., (Feb. 14, 2017) – Kentucky Small Business Development Center is seeking nominations for the 2017 Pacesetter Awards. The recognition program was created to honor high performing, second-stage businesses that are changing Kentucky’s economic landscape. The deadline to submit nominations is March 15.
KSBDC encourages small businesses that meet the following minimum qualifications to apply:
· Privately held
· In business for three or more years
· Employ six or more full-time employees, including the owner
· Annual sales meet or exceed $500,000
· Located and headquartered in Kentucky
·Demonstrate the intent and capacity to grow evidenced by the judging criteria.
Pacesetters will be selected based on two or more of the following criteria:
· Growth in the number of employees
·Increase in sales and/or unit volume
· Innovativeness of the product or service
·Response to adversity
·Employee engagement and commitment
·Contributions by the nominee to aid community-oriented projects
Pacesetters will be recognized at the Kentucky Celebrates Small Business event held at the Capitol rotunda in Frankfort during the first week of May. Each honoree will receive an award inscribed with the business’s name and a promotional video for their own use that highlights the business. In addition, KSBDC will send a customized press release announcing the award to local media and trade associations. Honorees are given the rights to use the Kentucky Pacesetter logo and event photographs in promoting their business.
Anyone may submit nominations, including third parties associated with an eligible second-stage business. A business may self-nominate by completing the required form. Winners will be notified by March 27. Full nomination requirements and the application are online at https://www.ksbdc.org/kentucky-pacesetters1 .
The Kentucky Small Business Development Center, part of the University of Kentucky College of Agriculture, Food and Environment, is a network of 12 offices located throughout the state. The center helps existing and start-up businesses succeed by offering high quality, in-depth and hands-on services. KSBDC is a partner program with the U.S. Small Business Administration. More information on KSBDC services can be found on their website, http://www.ksbdc.org/ .
Writer: Roberta Meisel, 859-257-0104
UK College of Agriculture, Food and Environment, through its land-grant mission, reaches across the commonwealth with teaching, research and extension to enhance the lives of Kentuckians.