SBA to Open Business Recovery Center in Lafayette

SBA to Open Business Recovery Center in Lafayette to Help Businesses Impacted by Wildfires and Straight-Line Winds

SACRAMENTO, Calif. – The U.S. Small Business Administration and the Colorado Small Business Development Center today announced the opening of an SBA Business Recovery Center in Lafayette on Thursday, Jan. 6, 2022, to provide a wide range of services to businesses impacted by the wildfires and straight line winds that began Dec. 30, 2021.

“Due to the severe property damage and economic losses inflicted on Colorado businesses, we want to provide every available service to help get them back on their feet,” said SBA’s Director Tanya N. Garfield of the U.S. Small Business Administration’s Disaster Field Operations Center-West. “The center will provide a one-stop location for businesses to access a variety of specialized help. SBA customer service representatives and Small Business Development Center advisors will be available to meet individually with each business owner,” she added. No appointment is necessary. All services are provided free of charge. The center will open as indicated below.

BOULDER COUNTY
Business Recovery Center
Boulder County Southeast Hub
Second Floor
1755 South Public Road
Lafayette, CO 80026
Opens 9 a.m. Thursday, Jan. 6
Mondays – Sundays, 9 a.m. – 7 p.m.

“SBA representatives will meet with each business owner to explain how an SBA disaster loan can help finance their recovery. They will answer questions about SBA’s disaster loan program, explain the application process and help each business owner complete their electronic loan application,” said Garfield.

According to Boulder SBDC Executive Director Sharon King, business advisors at the center will provide business assistance to clients on a wide variety of matters designed to help small business owners re-establish their operations, overcome the effects of the disaster and plan for their future. “Services include assessing business working capital needs, evaluating the business’s strength, cash flow projections, and most importantly, a review of options with the business owner to help them evaluate their alternatives and make decisions that are appropriate for their situation,” she said. In addition, according to Jim Vernon of the Denver SCORE office, SCORE volunteers will also be available to meet individually with each business owner.

Businesses of any size 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. These loans cover losses that are not fully covered by insurance or other recoveries.

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 Disaster Loan assistance is available regardless of whether the business suffered any property damage.

For business owners who are unable to visit the business recovery center, they may apply online using SBA’s secure website at https://disasterloanassistance.sba.gov/

SBA representatives will continue to meet with business owners and residents at disaster application centers located throughout the impacted area as they are established. For a list of locations, or to receive additional disaster assistance information, visit SBA’s website at www.sba.gov/disaster. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information. 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.

The deadline to apply for property damage is March 1, 2022. The deadline to apply for economic injury is Sept. 30, 2022.

About the U.S. Small Business Administration
The U.S. Small Business Administration makes the American dream of business ownership a reality. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.

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