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SBA Closes Business Recovery Centers for Christmas and New Year’s Day; St. Croix and St. Thomas Centers Saturday Hours Change

CHRISTIANSTED – The U.S. Small Business Administration (SBA) announced today that the Business
Recovery Centers (BRCs) on St. Croix and St. Thomas, U.S. Virgin Islands will close for Christmas Day,
Monday, Dec. 25 and New Year’s Day, Monday, Jan. 1.

SBA representatives at the Centers can provide information about disaster loans, answer questions and
help businesses in completing the SBA application. The Centers are located as indicated below:
St. Croix                                                                                     St. Thomas

Small Business Development Center Virgin Islands Small Business Development Center
4100 Sion Farm Shopping Center, Suite 16 University of the Virgin Islands
Christiansted St. Croix, VI 00820 8000 Nisky Center, Suite 720
St. Thomas, VI 00802
Hours: Monday – Friday, 8 a.m. – 5 p.m.
Saturday, 9 a.m. – 2 p.m.
Closed: Monday, Dec. 25 and Monday, Jan. 1
Closed: Sundays

SBA disaster loans are available to businesses of all sizes, most private nonprofit organizations,
homeowners and renters to cover uninsured losses from the disaster. Interest rates are as low as 3.305
percent for businesses, 2.5 percent for private nonprofit organizations, and 1.75 percent for homeowners
and renters. Loan terms can be up to 30 years.

Economic injury disaster loans are also available to provide disaster related working capital to small
businesses and most private nonprofit organizations. These working capital loans may be used to pay
fixed debts, payroll, accounts payable, and other bills that could have been paid had the disaster not
occurred.

Additional information on the disaster loan program may be obtained by calling SBA’s Customer Service
Center at 800-659-2955 (800-877-8339 for the deaf and hard-of-hearing) or by sending an email to:
disastercustomerservice@sba.gov

Loan applications can be downloaded from www.sba.gov. Applicants
may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at:

https://disasterloan.sba.gov/ela

Completed applications should be returned to a recovery center or mailed to:

U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road,
Fort Worth, TX 76155. For more information about SBA recovery assistance, visit
http://www.sba.gov/disaster

The filing deadline to submit applications for physical property damage is Jan. 8, 2018 for Hurricanes
Irma and Maria. The deadline for economic injury applications is June 7, 2018 for Hurricane Irma and
June 20, 2018 for Hurricane Maria.

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The Author

John McCarthy

John McCarthy

John McCarthy has been reporting on the U.S. Virgin Islands since 1989. He is originally from Detroit, Michigan.

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