Loans for Business Owners Affected by María

October 18, 2017

As part of the relief efforts to help mitigate the devastation caused by Hurricane María, the Small Business Administration (SBA) is providing loans business owners—regardless of the size of their operation—, as well as loans for individuals, property owners, and tenants.

If your business suffered damages it is important you know the aid for which you may apply. Here are the three types of loans available:

  1. Businesses with physical damages1 – Up to $2MM for repairing/replacing real estate, inventory, machinery, and equipment.
  2. Businesses with economic losses2 – Up to $2MM to provide work capital to cover ordinary and necessary financial obligations that cannot be covered as a direct result of the disaster.
  3. Individual residential property owners or tenants – Up to $200,000 for repairing/replacing real estate and $40,000 to repair/replace personal property.

These loans also apply to non-profit corporations. In the case of agricultural businesses, they will be assisted by the US Department of Agriculture.

How to Apply

It’s easy! You may apply through the following channels:

Required Documents

When submitting your application you should have the following documents at hand:

Business Owners:

  • Application (SBA Form 5) – Completed and signed
  • Tax forms for the last 3 years of the business
  • The business’s financial statements from the last year of operation
  • SBA Form 413 – Personal financial statements
  • SBA Form 2202 – Details of any debts with creditors

Individuals (property owners and/or tenants):

For more information you may contact SBA’s Customer Service Center by calling 1-800-659-2955 or 1-800-877-8339 (for the deaf or hearing impaired), by email at disastercustomerservice@sba.gov or by visiting their web page at http://www.sba.gov/disaster.

You may also obtain information through FEMA concerning the help offered by the SBA and other entities by calling 1-800-621-3362, from 7:00 a.m. to 11:00 p.m., or by visiting the following web page: https://www.disasterassistance.gov/get-assistance/find-assistance

By working together, we will help rebuild Puerto Rico.


SBA Business Recovery Centers (BRC)
Available from Monday through Friday

Naguabo:

Casa Alcaldía de Naguabo
Calle Baldorioty #40
Naguabo, P.R. 00718
Horario: 8 a.m. – 5 p.m.

Ponce:

Reyna del Sur Shopping Center
Avenida Baramaya 3305
Ponce, P.R.  00728
Horario: 8 a.m. – 5 p.m.

San Juan:

Colegio de Ingenieros y Agrimensores de P.R.
Urb. Roosevelt # 500 Antolín Nin
San Juan, P.R.  00918
Horario: 8 a.m. – 5 p.m.

Centro de Detallistas de Puerto Rico
Avenida Muñoz Rivera # 501
San Juan, P.R. 00917
Horario: 8 a.m. – 5 p.m.

Plaza 273
273 Ave. Ponce de León
San Juan, P.R.  00917
Horario: 8 a.m. – 4 p.m.

FEMA/SBA Disaster Recovery Centers (DRC)
Available 7 days of the week

Arecibo

Coliseo Manuel G. Iguina Reyes
Expreso José de Diego
Arecibo, P.R. 00612
Horario: 7 a.m. – 6 p.m.

Barranquitas

Centro de Recepciones y Bellas Artes
Avenida José Zayas Green
Barranquitas, P.R.  00794
Horario: 8 a.m. – 5 p.m.

Carolina

Cancha de Voleibol Domingo “Lulo” González
Calle 24 Urb. Villa Carolina
Carolina, P.R.  00985
Horario: 7 a.m. – 7 p.m.

Humacao

Centro de Bellas Artes de Humacao
Boulevard Nicanor Vázquez
Humacao, P.R.  00792
Horario: 7 a.m. – 7 p.m.

Mayagüez 

Estadio Isidoro Gracía
Carretera 102 & Carretera 63
Mayagüez, P.R.  00682
Horario: 7 a.m. – 7 p.m.

Ponce

Edificio Ponce Servicios
Calle Mayor #72
Ponce, P.R.  00730
Horario: 7 a.m. – 7 p.m.

Río Grande

Cancha Balonmano Néstor Milete Echevarría
P.R.-3 Km 2.3 Marginal Zona Industrial las Flores
Río Grande, P.R.  00745
Horario: 7 a.m. – 7 p.m.

1-2 In case a combination of both loans is required, the amount will be limited to $2MM, unless the SBA determines and approves an exception to that limit.

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