SBA to Close Its Business Recovery Center in Ruidoso

PSA

Director Tanya N. Garfield of the U.S. Small Business Administration’s Disaster Field Operations Center-West announced today that SBA will close its Ruidoso Business Recovery Center at 5 p.m. on Friday, June 3, 2022. “SBA opened the center to provide personalized assistance to businesses that were affected by the wildfires and straight-line winds that began on April 5, 2022,” said Garfield.

Until the center closes, SBA customer service representatives will continue to meet with business owners to answer questions about SBA’s disaster loan program, explain the application process, help each individual complete their electronic loan application and close their approved loans. No appointment is necessary. 

LINCOLN COUNTY

Business Recovery Center

Eastern New Mexico University

Ruidoso Branch Community College

709 Mechem Drive, Room 222

Ruidoso, NM  88345

Mondays - Fridays, 8:30 a.m. - 5:00 p.m.

Center closes 5 p.m. Friday, June 3

Closed for Memorial Day, Monday, May 30

 

SBA representatives will also continue to be available at the following federal-state Disaster Recovery Centers to meet with businesses and residents,” Garfield continued. The centers are open on the days and times indicated. No appointment is necessary.

 

LINCOLN COUNTY

Disaster Recovery Center

Eastern New Mexico University

Ruidoso Branch Community College

709 Mechem Drive, Room 203

Ruidoso, NM  88345

Mondays - Fridays, 8 a.m. - 5 p.m.

Saturdays, 10 a.m. - 5 p.m.

Center closes 5 p.m. Saturday, June 4

Closed on Memorial Day, Monday, May 30

MORA COUNTY

Disaster Recovery Center

VFW Hall

NM Hwy 518, MM 28.5

Mora, NM  87732

Mondays - Saturdays, 8 a.m. - 7:00 p.m.

Center opens 1 p.m. Friday, May 27

Closed for Memorial Day, Monday, May 30


SAN MIGUEL COUNTY

Disaster Recovery Center

Old Memorial Middle School

947 Legion drive

Las Vegas, NM  87701

Mondays - Saturdays, 8 a.m. - 7 p.m.

Closed for Memorial Day, Monday, May 30

SANTA FE COUNTY

Disaster Recovery Center

Glorieta Camp

11 State Route 50

Glorieta, NM  87535

Thursday, 10 a.m. - 6 p.m.

Center closes 6 p.m. Thursday, May 26


 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. SBA can also lend additional funds to businesses and homeowners to help with the cost of improvements to protect, prevent or minimize the same type of disaster damage from occurring in the future.

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

Disaster 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.

Interest rates can be as low as 2.94 percent for businesses, 1.875 percent for private nonprofit organizations and 1.438 percent for homeowners and renters with terms up to 30 years. Loan amounts and terms are set by SBA and are based on each applicant’s financial condition.

Applicants may apply online, receive additional disaster assistance information and download applications at https://link.edgepilot.com/s/1c6f836d/DvUdsnc4J0axqUxuT_gsuQ?u=https://disasterloanassistance.sba.gov/. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services. 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 July 5, 2022. The deadline to apply for economic injury is Feb. 6, 2023.

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