SBA Business Recovery Centers in Kentucky Close in Observance of Independence Day

ATLANTA - The U.S. Small Business Administration (SBA) announced today it will temporarily close its Business Recovery Centers (BRC) in Kentucky on Thursday, July 4 in observance of the Independence Day Holiday. The centers will resume normal operations on Friday, July 5.

The SBA opened its BRCs to assist survivors in Kentucky with damages covered under the President's major disaster declaration for severe storms, straight-line winds, tornadoes, flooding, landslides and mudslides that occurred on April 2.

SBA's Customer Service Representatives are available at the centers to answer questions, assist business owners complete their disaster loan application, accept documents, and provide updates on an application's status. Walk-ins are accepted, but you can schedule an in-person appointment at an SBA Disaster Recovery Center in advance. The Centers will operate as listed below until further notice.

Business Recovery Center (BRC)

Jessamine County

Detail Tech Building

160 Zakk Ct.

Nicholasville, KY 40356

Hours: Monday - Friday, 8 a.m. to 6 p.m.

Saturday, 9 a.m. to 3 p.m.

Closed: Sunday

Holiday Closure: Thursday, July 4 in observance of Independence Day

Business Recovery Center (BRC)

Jefferson County

Anchorage Middletown Fire Station

8905 US-42

Prospect, KY 40356

Hours: Monday - Friday, 8 a.m. to 6 p.m.

Saturday, 9 a.m. to 3 p.m.

Closed: Sunday

Holiday Closure: Thursday, July 4 in observance of Independence Day

For small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations, the SBA offers Economic Injury Disaster Loans (EIDLs) to help meet working capital needs caused by the disaster. Economic Injury Disaster Loan assistance is available regardless of whether the business suffered any physical property damage.

Disaster loans up to $500,000 are available to homeowners to repair or replace disaster-damaged or destroyed real estate. Homeowners and renters are eligible for up to $100,000 to repair or replace disaster-damaged or destroyed personal property.

Interest rates are as low as 4% for businesses, 3.25% for nonprofit organizations, and 2.688% for homeowners and renters, with terms of up to 30 years. Interest does not begin to accrue, and monthly payments are not due, until 12 months from the date of the initial disbursement. Loan amounts and terms are set by the SBA and are based on each applicant's financial condition.

With the changes to FEMA's Sequence of Delivery, survivors are now encouraged to simultaneously apply for FEMA grants and the SBA low-interest disaster loan assistance to fully recover. FEMA grants are intended to cover necessary expenses and serious needs not paid by insurance or other sources. The SBA disaster loan program is designed to help survivors with their long-term recovery needs. Please visit SBA.gov/disaster to apply for SBA assistance online.

Applicants may also call SBA's Customer Service Center at (800) 659-2955 or email [email protected] 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.

The filing deadline to return applications for physical property damage is July 22, 2024. The deadline to return economic injury applications is Feb. 24, 2025.

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About the U.S. Small Business Administration

The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.