Disaster loans available for tornado victims

 

Illinois District Office - July 2021

u s small business administration

SBA Offers Disaster Assistance to Illinois Businesses and Residents Affected by Tornado

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Illinois businesses and residents affected by the tornado which occurred on June 21, 2021, may apply for low-interest disaster loans from the SBA. Businesses and residents in DuPage County and the adjacent counties of Cook, Kane, Kendall and Will in Illinois can apply for disaster loans.

How and when to apply

Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at https://disasterloanassistance.sba.gov and should apply under SBA declaration #17037, not for the COVID-19 incident.

Disaster loan information and application forms may also be obtained by calling the SBA’s Customer Service Center at 800-659-2955 (800-877-8339 for the deaf and hard-of-hearing) or by emailing DisasterCustomerService@sba.gov.

Completed applications should be returned to the center or mailed to:

U.S. Small Business Administration

Processing and Disbursement Center

14925 Kingsport Road

Fort Worth, TX 76155

The filing deadline to return applications for physical property damage is Sept. 14, 2021. The deadline to return economic injury applications is April 18, 2022.

Loan details

  • Interest rates are as low as 2.88% for businesses, 2% for nonprofit organizations, and 1.625% for homeowners and renters
  • Terms up to 30 years

Loan amounts and terms are set by the SBA and are based on each applicant’s financial condition.

Disaster Loan Outreach Center

To assist businesses and residents affected by the disaster, the SBA will open a Disaster Loan Outreach Center (DLOC) in DuPage County on Tuesday, July 20 at 9 a.m. as indicated below. Customer Service Representatives will be available at the DLOC to answer questions about the disaster loan program and help individuals complete their applications.

The center will be open through Thursday, July 29 at 5 p.m.

Village of Woodridge

5 Plaza Drive Woodridge, Illinois 60517

Monday – Friday from 9:00 a.m. - 6:00 p.m.

Saturday, July 24, from 9:00 a.m. - 1:00 p.m.

Closed: Sunday

Due to the ongoing COVID-19 pandemic, the SBA has established protocols to help protect the health and safety of the public. All visitors to the DLOC are encouraged to wear a face mask.


Stay updated

Visit sba.gov/relief for updates on the loan programs, guidance for businesses and employers, and other SBA resources.

If you have questions about your already submitted EIDL application, contact the SBA Disaster Customer Service Center at (800) 659-2955 or disastercustomerservice@sba.gov.

Follow @SBA_Illinois on Twitter.

E-mail questions to illinois.do@sba.gov.