ATLANTA
–The U. S. Small Business Administration (SBA) has approved over $5 million in low-interest disaster loans for businesses and residents in Florida affected by Hurricane Hermine that occurred on Aug. 31 - Sept. 11, 2016. Those affected by the hurricane are encouraged to submit their completed applications, even if they have not settled with their insurance company.
“Waiting to file an SBA application could cause unnecessary delays in receiving disaster assistance, and survivors may miss the application deadline. Returning the loan application is an essential part of the disaster recovery process,” said Frank Skaggs, director of SBA Field Operations Center East. The filing deadline to return applications for physical property damage is
Nov. 28, 2016
.
Nov. 28, 2016
.
If a survivor does not know how much of their loss will be covered by insurance or other sources, SBA will consider making a loan for the total loss up to its loan limits, provided the borrower agrees to use insurance proceeds to reduce or repay their SBA loan.
Currently, 135 disaster loans have been approved in the amount of $5,358,000 for affected survivors. Reaching $5 million means more businesses and individuals can get back on their feet. People who took the time to apply for disaster loans are making headway by getting their funding available to use for disaster related repairs.
SBA disaster loans are available to businesses of all sizes, most private nonprofit organizations, homeowners and renters to cover uninsured losses from the disaster. 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. Loan terms can be up to 30 years.
Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at
.
https://disasterloan.sba.gov/ela
.
Additional details on the locations of Disaster Recovery Centers and the loan application process can be obtained by calling the SBA Customer Service Center at 800-659-2955 (800-877-8339 for the deaf and hard-of-hearing) or by sending an email to
disastercustomerservice@sba.gov
. Loan applications can be downloaded from
disastercustomerservice@sba.gov
. Loan applications can be downloaded from
www.sba.gov
/disaster
. Completed applications can be returned to a recovery center or mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
The filing deadline to return applications for physical property damage is
. The deadline to return economic injury applications is
.
Nov. 28, 2016
. The deadline to return economic injury applications is
July 28, 2017
.
ATLANTA
–The U. S. Small Business Administration (SBA) has approved over $5 million in low-interest disaster loans for businesses and residents in Florida affected by Hurricane Hermine that occurred on Aug. 31 - Sept. 11, 2016. Those affected by the hurricane are encouraged to submit their completed applications, even if they have not settled with their insurance company.
ATLANTA
“Waiting to file an SBA application could cause unnecessary delays in receiving disaster assistance, and survivors may miss the application deadline. Returning the loan application is an essential part of the disaster recovery process,” said Frank Skaggs, director of SBA Field Operations Center East. The filing deadline to return applications for physical property damage is
Nov. 28, 2016
.
Nov. 28, 2016
.
Nov. 28, 2016
If a survivor does not know how much of their loss will be covered by insurance or other sources, SBA will consider making a loan for the total loss up to its loan limits, provided the borrower agrees to use insurance proceeds to reduce or repay their SBA loan.
Currently, 135 disaster loans have been approved in the amount of $5,358,000 for affected survivors. Reaching $5 million means more businesses and individuals can get back on their feet. People who took the time to apply for disaster loans are making headway by getting their funding available to use for disaster related repairs.
SBA disaster loans are available to businesses of all sizes, most private nonprofit organizations, homeowners and renters to cover uninsured losses from the disaster. 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. Loan terms can be up to 30 years.
Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at
.
https://disasterloan.sba.gov/ela
.
Additional details on the locations of Disaster Recovery Centers and the loan application process can be obtained by calling the SBA Customer Service Center at 800-659-2955 (800-877-8339 for the deaf and hard-of-hearing) or by sending an email to
disastercustomerservice@sba.gov
. Loan applications can be downloaded from
disastercustomerservice@sba.gov
. Loan applications can be downloaded from
www.sba.gov
/disaster
. Completed applications can be returned to a recovery center or mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
The filing deadline to return applications for physical property damage is
. The deadline to return economic injury applications is
.
Nov. 28, 2016
. The deadline to return economic injury applications is
July 28, 2017
.
Nov. 28, 2016
July 28, 2017