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State receives Disaster Declaration from Small Business Administration for Will, Cook Counties

SSMMA

From the State of Ilinois; please share with your communities:

Governor JB Pritzker recently announced the U.S. Small Business Administration (SBA) approved the state’s request for assistance to help people and businesses in northern Illinois. The declaration stems from a storm system that moved through parts of Will and Cook counties on June 26 and resulted in torrential rain and severe flash flooding. The approved SBA disaster declaration makes low-interest loans available to homeowners, renters and businesses in Will and Cook counties, as well as the contiguous counties of Lake, McHenry, Kane, DuPage, Kendall, Grundy and Kankakee in Illinois and Lake County, Indiana.

SBA loans can help repair or replace damaged or destroyed real estate. Homeowners and renters can apply for loans to repair or replace damaged or destroyed personal property. Businesses and private non-profit organizations can apply for loans to repair or replace damaged or destroyed real estate, machinery and equipment, inventory and other business assets.

A recent assessment revealed damage to more than 200 homes and 14 business. In all, that survey estimate shows more than $3.6 million dollars in residential and commercial losses due to this weather event.

The filing deadline to return applications for physical property damage is November 25, 2019. The deadline to return economic injury applications is June 26, 2020. Any individual or business needing additional information, or wishing to apply for a loan, should contact the SBA Customer Service Center at (800) 659-2955.

A Disaster Loan Outreach Center (DLOC) will be set up to provide additional information and loan assistance at Steger Community Center, located at 3501 Hopkins, Steger, IL. SBA representatives will be set up in the Student Conference Center, Room H-209. The hours of operation will be as follows:

Tuesday, October 1 11:00 a.m. – 6:00 p.m.

Wednesday, October 2 9:00 a.m. – 6:00 p.m.

Thursday, October 3 9:00 a.m. – 6:00 p.m.

Friday, October 4 9:00 a.m. – 6:00 p.m.

Saturday, October 5 10:00 a.m. – 2:00 p.m.

Sunday, October 6 Closed

Monday, October 7 9:00 a.m. – 6:00 p.m.

Tuesday, October 8 9:00 a.m. – 6:00 p.m.

Wednesday, October 9 9:00 a.m. – 6:00 p.m.

Thursday, October 10 9:00 a.m. – 6:00 p.m.

Friday, October 11 9:00 a.m. – 6:00 p.m.

Saturday, October 12 10:00 a.m. – 2:00 p.m.

Sunday, October 13 Closed

Monday, October 14 9:00 a.m. – 6:00 p.m. Closed in observance of Columbus Day

Tuesday, October 15 9:00 a.m. – 6:00 p.m.

Wednesday, October 16 9:00 a.m. – 6:00 p.m.

Thursday, October 17 9:00 a.m. – 4:00 p.m.

Individuals and business owners interested in this program may apply by any of the following methods:

• Online: https://disasterloan.sba.gov/ela • By Phone: 800-659-2955 • Deaf or hearing impaired: 800-877-8339 • In-person: Steger Community Center, 3501 Hopkins, Steger, IL (October 1 through October 17)

Completed applications should be mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.

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