Director Tanya N. Garfield of the U.S. Small Business Administration’s Disaster Field Operations Center-West announced today that SBA will close its Ruidoso Business Recovery Center at 5 p.m. on Friday, June 3, 2022. “SBA opened the center to provide personalized assistance to businesses that were affected by the wildfires and straight-line winds that began on April 5, 2022,” said Garfield.
Until the center closes, SBA customer service representatives will continue to meet with business owners to answer questions about SBA’s disaster loan program, explain the application process, help each individual complete their electronic loan application and close their approved loans. No appointment is necessary.
LINCOLN COUNTY
Business Recovery Center
Eastern New Mexico University
Ruidoso Branch Community College
709 Mechem Drive, Room 222
Ruidoso, NM 88345
Mondays - Fridays, 8:30 a.m. - 5:00 p.m.
Center closes 5 p.m. Friday, June 3
Closed for Memorial Day, Monday, May 30
SBA representatives will also continue to be available at the following federal-state Disaster Recovery Centers to meet with businesses and residents,” Garfield continued. The centers are open on the days and times indicated. No appointment is necessary.
LINCOLN COUNTY
Disaster Recovery Center
Eastern New Mexico University
Ruidoso Branch Community College
709 Mechem Drive, Room 203
Ruidoso, NM 88345
Mondays - Fridays, 8 a.m. - 5 p.m.
Saturdays, 10 a.m. - 5 p.m.
Center closes 5 p.m. Saturday, June 4
Closed on Memorial Day, Monday, May 30
MORA COUNTY
Disaster Recovery Center
VFW Hall
NM Hwy 518, MM 28.5
Mora, NM 87732
Mondays - Saturdays, 8 a.m. - 7:00 p.m.
Center opens 1 p.m. Friday, May 27
Closed for Memorial Day, Monday, May 30
SAN MIGUEL COUNTY
Disaster Recovery Center
Old Memorial Middle School
947 Legion drive
Las Vegas, NM 87701
Mondays - Saturdays, 8 a.m. - 7 p.m.
Closed for Memorial Day, Monday, May 30
SANTA FE COUNTY
Disaster Recovery Center
Glorieta Camp
11 State Route 50
Glorieta, NM 87535
Thursday, 10 a.m. - 6 p.m.
Center closes 6 p.m. Thursday, May 26
Businesses of all sizes and private nonprofit organizations may borrow up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory and other business assets. SBA can also lend additional funds to businesses and homeowners to help with the cost of improvements to protect, prevent or minimize the same type of disaster damage from occurring in the future.
For small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations of any size, SBA offers Economic Injury Disaster Loans to help meet working capital needs caused by the disaster. Economic injury assistance is available regardless of whether the business suffered any property damage.
Disaster loans up to $200,000 are available to homeowners to repair or replace damaged or destroyed real estate. Homeowners and renters are eligible for up to $40,000 to repair or replace damaged or destroyed personal property.
Interest rates can be as low as 2.94 percent for businesses, 1.875 percent for private nonprofit organizations and 1.438 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.
Applicants may apply online, receive additional disaster assistance information and download applications at https://link.edgepilot.com/s/1c6f836d/DvUdsnc4J0axqUxuT_gsuQ?u=https://disasterloanassistance.sba.gov/. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services. Completed applications should be mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
The deadline to apply for property damage is July 5, 2022. The deadline to apply for economic injury is Feb. 6, 2023.