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SBA New Mexico District Office (NMDO) Webinar Series: New Mexico Wildfires: How To Start the Disaster Recovery Process, Resources, and the Latest Updates

Have you been negatively impacted by the New Mexico wildfires that began on April 5, 2022? Do you have questions but don’t know who to call? Have no fear, SBA is here!

Join the New Mexico District Office (NMDO) in collaboration with 

for a comprehensive overview of disaster assistance resources available to businesses and homeowners that were negatively impacted by the wildfire, with weekly updates every Thursday at 11:00 am MDT. SBA representatives and federal/state/local government agencies will provide information on resources available to small business owners, homeowners, and renters. The webinar will also include information about SBA’s disaster loan program application process and Question & Answer session at the end of the webinar to answer questions. SBA disaster recovery centers located throughout the impacted areas will be announced as they become available.

📌  But that’s not all! The webinar will be presented in English (in the beginning) and in Spanish (at the end)!

NOTE: Businesses of all sizes located in or around the declared disaster areas, including private nonprofit organizations, homeowners, and renters affected by the wildfires are encouraged to attend. 

“Due to the severe property damage and economic losses inflicted on New Mexico businesses, we want to provide every available service to help get them back on their feet,” said SBA Director Tanya N. Garfield of the U.S. Small Business Administration’s Disaster Field Operations Center-West. “The center will provide a one-stop location for businesses to access a variety of specialized help. SBA customer service representatives and New Mexico Small Business Development Center Network advisors will be available to meet individually with each business owner,” she added.

Details


Date/Time: Every Thursday starting May 19, 2022, 11 am MDT until further notice.

Location: Virtual/Online (MS Teams)

Cost: Free

Intended audience: Everyone

  • New Mexicans affected by the wildfires/winds in the declared disaster areas
  • Government agencies/departments who can assist with disseminating the information to the public
  • Private/public businesses, nonprofits, etc. affected
  • Media/Press

Hosted/Presented by: The SBA New Mexico District Office (NMDO)

Important: Registration is not required. Click the link below 5 minutes before the webinar to join the event.

or

To call into the event (audio only):

+1 505-373-1567,,27958936#   United States, Albuquerque

Phone Conference ID: 279 589 36#

Agenda:


SBA Disaster Assistance

  • Physical Damage Loans
    Loans to cover repairs and replacement of physical assets damaged in a declared disaster.
  • Economic Injury Disaster Loans (EIDL)
    This loan provides economic relief to small businesses and nonprofit organizations that have suffered damage to their home or personal property.
  • Mitigation Assistance
    Funding to cover small business operating expenses after a declared disaster.
  • Recovery Hub
    Find everything you need to rebuild your small business, keep employees safe and healthy, and revitalize your community.

Eligibility

  • Homeowners
    • are eligible for up to $200,000 to repair or replace damaged or destroyed real estate
    • are eligible for up to $40,000 to replace or repair damaged or destroyed personal property
  • Renters
    • are eligible for up to $40,000 to replace or repair damaged or destroyed personal property
  • Businesses of any size and private nonprofit organizations
    • may borrow up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory, and other business assets. These loans cover losses that are not fully covered by insurance or other recoveries.
  • Small businesses, small agricultural cooperatives, small businesses engaged in aquaculture, and most private, nonprofit organizations of any size
    • SBA offers Economic Injury Disaster Loans (EIDL) to help meet working capital needs caused by the disaster. EIDL assistance is available regardless of whether the business suffered any property damage.

Interest rates can be as low as:

  • 2.94% for businesses
  • 1.875% for private nonprofit organizations
  • 1.438% for homeowners and renters
  • Terms up to 30 years

Loan amounts and terms are set by the SBA and are based on each applicant’s financial condition.

To be considered for all forms of disaster assistance, survivors must first contact the Federal Emergency Management Agency at www.disasterassistance.gov. As soon as Federal-State Disaster Recovery Centers open throughout the affected area, SBA will provide one-on-one assistance to disaster loan applicants. Additional information and details on the location of disaster recovery centers is available by calling the SBA Customer Service Center at (800) 659-2955.



See the full DISASTER NEWS RELEASE, May 10, 2022, NM 17440-02: SBA to Open Business Recovery Center in Ruidoso to Help Businesses Impacted by Wildfires and Straight-line Winds (sba.gov)

Vea el COMUNICADO DE PRENSA completo SOBRE DESASTRE, 10 de mayo de 2022, NM 17440-02La Administración Federal de Pequeños Negocios Abrirá un Centro de Recuperación de Negocios en Ruidoso Para Ayudar a Los Negocios Afectados por los Incendios Fuera de Control y Vientos Rectilíneos (sba.gov)


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 www.sba.gov.