Press Release  SBA Offers Disaster Assistance to Residents of Massachusetts Affected by Severe Winter Storms and Flooding in Norfolk County

Framingham — The Small Business Administration (SBA) has issued a Physical Disaster Declaration for Norfolk County, Massachusetts, for the March 2-3 coastal storm that caused extensive flooding along Massachusetts’ east coast. The declaration makes low interest loans available to residents, businesses, and private nonprofits of Norfolk County and all contiguous counties.

The U.S. Small Business Administration (SBA) will be opening a Disaster Loan Outreach Center in Weymouth to assist businesses and individuals who were affected by the March 2-3, 2018 nor’easter with applying for a low-interest disaster loan.  To be eligible to apply for these disaster loans, residents or businesses must be located within Norfolk, Plymouth, Bristol, Worcester, Middlesex, or Suffolk Counties.

SBA customer service representatives will be on hand to answer questions about SBA’s disaster loan program, explain the application process and help each individual complete their electronic loan application. Applications will subsequently be reviewed by SBA to determine if the applicant is qualified for the loan.  

Interest rates can be as low as 3.580 percent for businesses, 2.5 percent for private nonprofit organizations and 1.813 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.

SBA Applicants may also apply online, receive additional disaster assistance information and download applications at https://disasterloan.sba.gov/ela. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov (link sends e-mail) for more information on SBA disaster assistance. Individuals who are deaf or hard‑of‑hearing may call (800) 877-8339. Completed applications should be mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX  76155.

See the press release (SBA Offers Disaster Assistance to Residents of Massachusetts Affected by the Severe Winter Storm and Flooding in Norfolk County) from the SBA for more information.

The Disaster Loan Outreach Center will operate from May 8 - 16, 2018 in the Elroy Room of the McCullock Building in Weymouth.  No appointment is necessary.

Location:

SBA Disaster Loan Center

The McCullock Building (McElroy Room)

182 Green Street Weymouth, MA

Hours of Operation:

• Wednesday May 9:   11:00 a.m. – 6:00 p.m.
• Thursday, May 10:    9:00 a.m. – 6:00 p.m.
• Friday, May 11:          9:00 a.m. – 6:00 p.m.
• Saturday, May 12:     10:00 a.m. – 2:00 p.m.
• Sunday, May 13:        CLOSED
• Monday, May 14:      9:00 a.m. – 6:00 p.m.
• Tuesday, May 15:      9:00 a.m. – 6:00 p.m.
• Wednesday May 16: 9:00 a.m. –  4:30 p.m.

FEMA Disaster Declaration

Last Monday, April 30th, Governor Baker submitted a written request to the President for a Major Disaster Declaration for six counties - - Essex, Norfolk, Plymouth, Bristol, Barnstable and Nantucket - - as a result of the damage to public infrastructure from the March 2-3 storm.  We are waiting for a decision from the President, but if issued, the Major Disaster Declaration will allow FEMA to reimburse the state, municipalities and certain non-profits in the six counties, for 75% of their eligible costs for emergency protective measures, debris clearance, and repairs to storm-damaged public infrastructure.

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