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SBA opens Business Recovery Center in Hoover to assist Alabama businesses recover from October storms | The St. Clair Times

The U.S. Small Business Administration announced today the opening of a Business Recovery Center at the Hoover Recreation Center on Thursday, Jan. 6 to provide Alabama businesses with one-on-one assistance in submitting a disaster loan application if  they were impacted by the severe storms and flooding on Oct. 6-7, 2021. 

The disaster declaration covers Jefferson and Shelby counties in Alabama, which are eligible for both Physical and Economic Injury Disaster Loans from the SBA. Small businesses and most private nonprofit organizations in the following adjacent counties are eligible to apply only for SBA Economic Injury Disaster Loans: Bibb, Blount, Chilton, Coosa, St. Clair, Talladega, Tuscaloosa and Walker. 

To assist businesses affected by the disaster, the SBA will open a Business Recovery Center (BRC) on Thursday, Jan. 6 at noon at the Hoover Recreation Center as indicated below: 

SBA Business Recovery Center 

Jefferson County 

Hoover Recreation Center Board Room 

600 Municipal Drive 

Hoover, AL 35216 

Opening: Thursday, Jan. 6, noon – 6 p.m. CST 

Hours: Monday – Friday, 9 a.m. – 6 p.m. CST 

Closed: Saturday and Sunday

Customer service representatives will be available until further notice at the BRC to answer questions about the disaster loan program and assist business owners in completing their applications. 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.  

Businesses and private nonprofit organizations of any size may borrow up to $2 million to repair or replace disaster-damaged or destroyed real estate, machinery and equipment, inventory and other business assets. Applicants may be eligible for a loan amount increase up to 20 percent of their physical damages, as verified by the SBA, for mitigation purposes. Eligible mitigation improvements may include a safe room or storm shelter, sump pump, elevation, retaining walls and landscaping to help protect  property and occupants from future damage caused by a similar disaster. 

For small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and  most private nonprofit organizations, the SBA offers Economic Injury Disaster Loans 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 $200,000 are available to homeowners to repair or replace disaster-damaged or destroyed real estate. Homeowners and renters are eligible for up to $40,000 to repair or replace  disaster-damaged or destroyed personal property. 

Interest rates are as low as 2.855 percent for businesses, 2 percent for nonprofit organizations and 1.563 percent for homeowners and renters, with terms up to 30 years. Loan amounts and terms are set by the SBA and are based on each applicant’s financial condition. 

Applicants may apply online using the Electronic Loan Application via SBA’s secure website at, and should apply under SBA declaration No. 17289, not for  the COVID-19 incident. 

To be considered for all forms of disaster assistance, applicants should register online at or download the FEMA mobile app. If online or mobile access is unavailable, applicants should call the FEMA toll-free helpline at 800-621-3362. Those who use 711-Relay or Video Relay Services should call 800-621-3362.  

Businesses and individuals may also obtain information and loan applications by calling the SBA’s  Customer Service Center at 1-800-659-2955 (1-800-877-8339 for the deaf and hard-of-hearing) or emailing Loan applications can also be downloaded at Completed applications should be 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 Feb. 21, 2022. The deadline  to return economic injury applications is Sept. 21, 2022. 

About the U.S. Small Business Administration 

The U.S. Small Business Administration makes the American dream of business ownership a reality. 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

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