Small Business Administration – ODR&R Disaster Recovery Services
Hello,
It was a pleasure to meet you this afternoon, thank you again for your time! I appreciate help in informing the residents of Rock Rapids on the services SBA is providing in response to severe storms, flooding, straight-line winds, and tornadoes that struck parts of Iowa beginning June 16th.
The following attached documents pertain to this declaration. Please don’t hesitate to contact me if you have any questions.
We want to help inform Buena Vista, Cherokee, Clay, Emmet, Lyon, O’Brien, Plymouth, Sioux, & Woodbury County homeowners, renters, most private non-profit organizations (including places of worship), and businesses of all sizes who may qualify for disaster assistance with SBA for physical damages to their property or our Economic Injury Disaster Loan. Our Business Recovery Center and Disaster Recovery Centers are staffed with SBA Representatives who can assist survivors with questions, application, upload documents, etc.
The deadline to apply is August 23, 2024, for physical damage loans and March 24, 2025, for economic injury loans. There is a 12-month deferment on our disaster loans with 0% interest and no accrual from the date of your first disbursement along with relocation, mitigation improvements, and refinance options.
Our Business Recovery Center (BRC) and State/Federal Disaster Recovery Centers (DRC) are open and staffed with SBA Representatives who can assist survivors. Below is information concerning the centers operating closest to Rock Rapids
Disaster Recovery Center – Lyon County
Forster Community Center
404 1st Avenue
Rock Rapids, IA 51246
Mondays – Sundays
8:00 am to 6:00 pm CT
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Business Recovery Center – Sioux County
Centre Mall
251 N Main Avenue, #212
Sioux Center, IA 51250
Mondays – Fridays
9:00 am – 6:00 pm CT
Saturdays
9:00 am – 1:00 pm CT
Disaster Recovery Center – Sioux County
City Park Shelter House
1013 13th Avenue
Rock Valley, IA 51247
Mondays – Sundays
8:00 am to 6:00 pm CT
Services are also available online at https://lending.sba.gov and via phone at 1-800-659-2955 for further assistance.
In summary, our Disaster Assistance include:
- Homeowners may be eligible for a disaster loan up to $500,000 for primary residence structural repairs or rebuilding. SBA may also be able to help homeowners and renters with up to $100,000 to replace important personal property, including automobiles damaged or destroyed in the disaster.
- 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. 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.
