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SBA Opens Business Recovery Center In Brooklyn, NY

ATLANTA, Nov. 3, 2012 /PRNewswire-USNewswire/ -- The U.S. Small Business Administration announced today the opening of a Business Recovery Center in Brooklyn, NY.  This Center will provide one-on-one help to business owners seeking disaster assistance for losses caused by Hurricane Sandy that began on Oct. 27.

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"Businesses with physical damages or loss of revenue should seriously consider visiting the Center and applying for an SBA disaster business loan," said Pravina Raghavan, SBA's New York district director.  SBA's customer service representatives are on hand at the Center to answer questions about the disaster loan program and assist business owners in completing their applications.   

The Center is open as indicated below, until further notice:

Kings County  The NYC Business Solution Brooklyn Center 9 Bond Street (between Livingston & Fulton Streets) 7 th Floor Brooklyn, NY 11201

Opens:   Tuesday, Nov. 6 at 9 a.m. Hours:    Weekdays, 9 a.m. to 5 p.m.              Saturdays, 10 a.m. to 2 p.m. Closed:  Sundays

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.

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