SBA relocates disaster loan outreach center in Stillwater

SBA relocates disaster loan outreach center in Stillwater

Economics
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Isabel Casillas Guzman 27th Administrator of the U.S. Small Business Administration | www.sba.gov

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The U.S. Small Business Administration (SBA) has announced the relocation of its Disaster Loan Outreach Center (DLOC) in Stillwater, Oklahoma. The center will move from the City of Stillwater Community Center to the Meridian Technology Center, starting operations at the new location on Thursday, June 12 at 8:00 a.m.

The DLOC was established to assist residents, small businesses, and private nonprofit organizations affected by wildfires and straight-line winds that occurred between March 14 and March 21. Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA, stated, "When disasters strike, SBA’s Disaster Loan Outreach Centers perform an important role by assisting small businesses and their communities."

Walk-ins are welcome at the new location, but appointments can also be scheduled in advance through appointment.sba.gov. The original DLOC site will close permanently on Wednesday, June 11.

The Meridian Technology Center DLOC will operate Monday through Friday from 8:00 a.m. to 4:30 p.m., located at Rooms 127 and 129, 1414 South Sangre Rd., Stillwater, OK.

Additional DLOCs remain open in Creek County at First Baptist Church of Mannford; Lincoln County at Carney High School; Logan County at Logan County Courthouse Annex; and Pawnee County at First Baptist Church Cleveland.

Eligible businesses and nonprofits can apply for business physical disaster loans up to $2 million for repairs or replacements. Homeowners may apply for loans up to $500,000 for primary residence repairs. Renters can borrow up to $100,000 for personal property replacement or repair.

The SBA offers Economic Injury Disaster Loans (EIDL) for working capital needs due to disaster-related financial losses. Interest rates start as low as 4% for small businesses and vary slightly for nonprofits and homeowners. Applications can be submitted online via sba.gov/disaster or by contacting SBA's Customer Service Center.

Deadlines are set for July 22, 2025, for physical property damage applications and February 23, 2026, for economic injury applications.

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