ATLANTA
– The U.S. Small Business Administration has extended the physical disaster loan deadline to
Jan. 9, 2017
to allow more time for businesses and residents that were affected by Hurricane Matthew on Oct. 4 - 24, 2016 to apply for low-interest, long term disaster loans.
Businesses and nonprofits can apply for up to $2 million to repair or replace disaster damaged real estate, machinery, equipment, inventory, and other business assets. Loans for working capital, known as Economic Injury Disaster Loans, are available to small businesses even if the business did not suffer any physical damage. Homeowners can apply for up to $200,000 to repair or replace disaster damaged real estate. Homeowners and renters can apply for up to $40,000 to repair or replace damaged personal property including automobiles.
Interest rates are as low as 4 percent for businesses, 2.625 percent for private nonprofit organizations, and 1.563 percent for homeowners and renters, with terms up to 30 years. The SBA customizes loan amounts and terms based on each applicant’s circumstances.
Applicants may be eligible for a loan amount increase up to 20 percent of their physical damages, as verified by the SBA for mitigation purposes i.e., sump pumps, seawalls, relocation of utilities and elevation. Eligible mitigation improvements may now include a safe room or storm shelter to help protect property and occupants from future damage caused by a similar disaster.
To be considered for all forms of disaster assistance, applicants should register online at
or download the FEMA mobile app. If online or mobile access is unavailable, applicants should call the FEMA toll-free helpline at 800-621-3362. Those who use 711-Relay or Video Relay Services should call 800-621-3362.
www.DisasterAssistance.gov
or download the FEMA mobile app. If online or mobile access is unavailable, applicants should call the FEMA toll-free helpline at 800-621-3362. Those who use 711-Relay or Video Relay Services should call 800-621-3362.
The SBA offers several ways to apply for a disaster loan: online application via SBA’s secure website at
; visit a recovery center for one-one-one assistance; or download an application from
. For information or to request application forms, call the SBA’s Customer Service Center at 800-659-2955 (800-877-8339 for the deaf and hard-of-hearing) or send an email to
disastercustomerservice@sba.gov
. Completed applications should be returned to the center or mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
https://disasterloan.sba.gov/ela
; visit a recovery center for one-one-one assistance; or download an application from
www.sba.gov/disaster
. For information or to request application forms, call the SBA’s Customer Service Center at 800-659-2955 (800-877-8339 for the deaf and hard-of-hearing) or send an email to
disastercustomerservice@sba.gov
. Completed applications should be returned to the center or mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
The filing deadline to submit applications for physical property damage is
. The deadline for economic injury applications is
.
Jan. 9, 2017
. The deadline for economic injury applications is
July 10, 2017
.
ATLANTA
– The U.S. Small Business Administration has extended the physical disaster loan deadline to
Jan. 9, 2017
to allow more time for businesses and residents that were affected by Hurricane Matthew on Oct. 4 - 24, 2016 to apply for low-interest, long term disaster loans.
ATLANTA
Jan. 9, 2017
Businesses and nonprofits can apply for up to $2 million to repair or replace disaster damaged real estate, machinery, equipment, inventory, and other business assets. Loans for working capital, known as Economic Injury Disaster Loans, are available to small businesses even if the business did not suffer any physical damage. Homeowners can apply for up to $200,000 to repair or replace disaster damaged real estate. Homeowners and renters can apply for up to $40,000 to repair or replace damaged personal property including automobiles.
Interest rates are as low as 4 percent for businesses, 2.625 percent for private nonprofit organizations, and 1.563 percent for homeowners and renters, with terms up to 30 years. The SBA customizes loan amounts and terms based on each applicant’s circumstances.
Applicants may be eligible for a loan amount increase up to 20 percent of their physical damages, as verified by the SBA for mitigation purposes i.e., sump pumps, seawalls, relocation of utilities and elevation. Eligible mitigation improvements may now include a safe room or storm shelter to help protect property and occupants from future damage caused by a similar disaster.
To be considered for all forms of disaster assistance, applicants should register online at
or download the FEMA mobile app. If online or mobile access is unavailable, applicants should call the FEMA toll-free helpline at 800-621-3362. Those who use 711-Relay or Video Relay Services should call 800-621-3362.
www.DisasterAssistance.gov
or download the FEMA mobile app. If online or mobile access is unavailable, applicants should call the FEMA toll-free helpline at 800-621-3362. Those who use 711-Relay or Video Relay Services should call 800-621-3362.
The SBA offers several ways to apply for a disaster loan: online application via SBA’s secure website at
; visit a recovery center for one-one-one assistance; or download an application from
. For information or to request application forms, call the SBA’s Customer Service Center at 800-659-2955 (800-877-8339 for the deaf and hard-of-hearing) or send an email to
disastercustomerservice@sba.gov
. Completed applications should be returned to the center or mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
https://disasterloan.sba.gov/ela
; visit a recovery center for one-one-one assistance; or download an application from
www.sba.gov/disaster
. For information or to request application forms, call the SBA’s Customer Service Center at 800-659-2955 (800-877-8339 for the deaf and hard-of-hearing) or send an email to
disastercustomerservice@sba.gov
. Completed applications should be returned to the center or mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
The filing deadline to submit applications for physical property damage is
. The deadline for economic injury applications is
.
Jan. 9, 2017
. The deadline for economic injury applications is
July 10, 2017
.
Jan. 9, 2017
July 10, 2017