Small Business Administration provides assistance to areas impacted by summer storms

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MARKED TREE, ARK. (KAIT) – The federal government says people in northeast Arkansas are still dealing with the aftermath of a summer storm.

The Small Business Administration opened an emergency loan distribution center in Marked Tree on Monday.

Javier Caltenco, the SBA’s public information officer, said he knows there are people in the area who don’t have the resources to recover.

“We try to help those individuals and businesses recover because they may be underinsured or have no insurance at all,” Kaltenko said.

The SBA allows businesses and private nonprofit organizations to borrow up to $2 million to repair or replace damaged or destroyed real estate.

Disaster loans of up to $500,000 are available to homeowners to repair or replace damaged real estate, and $100,000 is available for personal property, including vehicles.

It’s been five months since the hurricane began and many have questioned whether help will ever arrive. Kaltenko explained that the federal government.

“When the president signs it and gives us the OK, it’s for us to come here in person and provide emergency assistance as we arrive,” Caltenco said.

In this case, that signature didn’t come until November 14th.

Caltenko said he was surprised by the turnout for the venue as it was its first day open.

“Usually on the first day, people don’t know we’re opening, but now we have a lot of people here, so yeah, I’m surprised,” Caltecho said.

The deadline to apply for property damage is January 16, 2024. The filing deadline for economic damages is August 19, 2024.

Applicants may call 916-735-1507 between 8 a.m. and 4:30 p.m.

The Disaster Loan Disbursement Center is open Monday through Friday 8am to 5pm at The Tree Community Centre.

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