WASHINGTON — The U.S. Small Business Administration announced the opening of a Business Recovery Centers in Marathon, Milwaukee, and Outagamie Counties to assist businesses, private nonprofits, and residents affected by severe storms, tornadoes, and flooding occurring April 13 – 23.
Beginning Monday, July 13, SBA customer service representatives will be on hand at the Business Recovery Centers in Marathon, Milwaukee, and Outagamie counties to answer questions and assist with the disaster loan application process. Walk-ins are welcome, and you can schedule in-person appointments in advance at appointment.sba.gov.
The hours of operation are listed below:
MARATHON COUNTY
Business Recovery Center
Marathon County Public Library
Wausau, WI 54403
Opens at 9 a.m. Monday, July 13
Hours: Monday – Friday, 9 a.m. – 4:30 p.m.
MILWAUKEE COUNTY
Business Recovery Center
SBA District Office
310 W. Wisconsin Ave. Ste. 580W
Milwaukee, WI 53203
Opens at 8 a.m. Monday, July 13
Hours: Monday – Friday, 8 a.m. – 4:30 p.m.
OUTAGAMIE COUNTY
Business Recovery Center
Shiocton-Bovina Fire Department
Shiocton, WI 54170
Opens at 9 a.m. Monday, July 13
Hours: Monday – Friday, 9 a.m. – 6 p.m.
Saturday, 10 a.m. – 2 p.m.
“SBA’s Business Recovery Centers have consistently proven their value to business owners following a disaster,” said Chris Stallings, Associate Administrator of the Office of Disaster Recovery and Resilience at the SBA. “Business owners can visit these centers to meet face-to-face with specialists who will guide them through the disaster loan application process and connect them with resources to support their recovery.”
Businesses and nonprofits are eligible to apply for business physical disaster loans and may borrow up to $2 million to repair or replace disaster-damaged or destroyed real estate, machinery and equipment, inventory, and other business assets.
SBA’s EIDL program is available to eligible small businesses, small agricultural cooperatives, and private nonprofits — including faith-based organizations — impacted by financial losses directly related to this disaster. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for aquaculture enterprises.
EIDLs are for working capital needs caused by the disaster and are available even if the business or private nonprofit did not suffer any physical damage. They may be used to pay fixed debts, payroll, accounts payable, and other bills which could not be paid due to the disaster.
Homeowners and renters are eligible to apply for home and personal property loans and may borrow up to $100,000 to replace or repair personal property, such as clothing, furniture, cars, and appliances. Homeowners may apply for up to $500,000 to replace or repair their primary residence.
Interest rates are as low as 4% for small businesses, 3.625% for nonprofits, and 2.875% for homeowners and renters with terms of up to 30 years. Interest does not begin to accrue, and payments are not due until 12 months from the date of the first loan disbursement. The SBA determines eligibility and sets loan amounts and terms based on each applicant’s financial condition.
To apply online, visit sba.gov/disaster. 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.
The filing deadline to return applications for physical property damage is Aug. 31. The deadline to return economic injury applications is March 30, 2027.
