SBA Opens Disaster Loan Outreach Center in Saipan

WASHINGTON - The U.S. Small Business Administration announced today the opening of a Disaster Loan Outreach Center in Saipan Municipality to assist businesses, private nonprofit organizations, and residents affected by Super Typhoon Sinlaku occurring April 11 - 18.

Beginning Tuesday, Sept. 15, SBA customer service representatives will be on hand at the Disaster Loan Outreach Center in Saipan to answer questions and assist with the disaster loan application process. Walk-ins are welcome, and in-person appointments can be scheduled at appointment.sba.gov.

The hours of operation are listed below:

SAIPAN MUNICIPALITY
Disaster Loan Outreach Center
Koblerville Youth Center
4PF4+8GR, Koblerville Rd.
Saipan, MP 96950

Opens Tuesday, Sept. 15 at 8 a.m.

Tuesday - Saturday, 8 a.m. - 5 p.m.

The following location is also open and continues to serve survivors:

SAIPAN MUNICIPALITY
Business Recovery Center
One-Stop Business Permitting Center
Department of Commerce
Government Bldg. 1252, Capitol Hill
Saipan, MP 96950

Monday - Friday, 8 a.m. - 4 p.m.

"When disasters strike, SBA's Disaster Loan Outreach Centers perform an important role by assisting small businesses and their communities," said Chris Stallings, Associate Administrator of the Office of Disaster Recovery and Resilience at SBA. "At these centers, our specialists help business owners and residents apply for disaster loans and learn about the full range of programs available to support their recovery."

The SBA's Economic Injury Disaster Loan program is available to small businesses, small agricultural cooperatives, and private nonprofit organizations - including faith-based organizations - with financial losses directly related to the disaster. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for small aquaculture enterprises.

Economic Injury Disaster Loans are available for working capital needs caused by the disaster and are available even if the small business or private nonprofit did not suffer any physical damage. The loans may be used to pay fixed debts, payroll, accounts payable, and other bills which could not be paid due to the disaster.

Interest rates are as low as 4% for businesses, 3.625% for nonprofits, and 2.875% for homeowners and renters with terms 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 [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 deadline to return economic injury applications is Jan. 25, 2027.

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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, 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 https://www.sba.gov.