Following the recent bridge collapse, the Small Business Association (SBA) has established a Business Recovery Center to assist those affected by the disaster. In an update provided on Friday, the SBA announced that they have now opened three recovery centers, one of which will be permanent. The SBA has already disbursed 59 loans to impacted businesses, totaling $34 million. Despite these efforts, the SBA acknowledges that more can be done to support communities in need, particularly those that are underserved.
The SBA is committed to providing assistance to a diverse range of businesses and individuals affected by the disaster. According to Dilawar Syed, Deputy Administrator of the SBA, there is a focus on reaching all communities, including those with language barriers. In some cases, there is a need for Spanish language translation and support for individuals from various parts of South America who have unique needs.
In addition to the loans already distributed, the SBA is launching a reconsideration campaign for businesses that were initially unsuccessful in obtaining financial support. The deadline to apply for reconsideration is December 30, and interested parties are encouraged to seek further information on the recovery centers by visiting the SBA website. The SBA’s efforts continue as it works towards supporting communities in need and ensuring their recovery following the disaster.
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