EL RENO — To meet the needs of Oklahomans impacted by the recent severe storms, flooding and tornadoes, the Disaster Recovery Center in El Reno will transition into a U.S. Small Business Administration disaster loan outreach center Monday.
Jointly operated by the Oklahoma Department of Emergency Management, the Federal Emergency Management Agency and the SBA, the recovery center is in Jenks Simmons Field House at 214 N Country Club Road. Business hours will be 9 a.m. to 6 p.m. Monday through Friday.
After the transition, SBA customer service representatives will continue to be available to meet with residents and business owners to explain SBA's low-interest disaster loan program and issue applications, as well as help complete their applications and close approved disaster loans.
SBA low-interest disaster assistance 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.
Businesses of any size and nonprofit organizations can borrow up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory and other business assets. SBA can lend additional funds to homeowners and businesses to help with improvements that protect, prevent or minimize the same type of disaster damage from occurring in the future.