ATLANTA –
The U.S. Small Business Administration announced that all municipalities in
Puerto Rico
are now included in the disaster declaration for Hurricane Maria.
SBA’s physical and economic injury low-interest loans are now available in all the municipalities in Puerto Rico. Businesses of any size and private nonprofit organizations may borrow up to $2 million to repair or replace disaster damaged or destroyed real estate, machinery and equipment, inventory, and other business assets. 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. Eligible mitigation improvements may include a safe room or storm shelter to help protect property and occupants from future damage caused by a similar disaster.
For small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations, the SBA offers Economic Injury Disaster Loans to help meet working capital needs caused by the disaster. Economic Injury Disaster Loan assistance is available regardless of whether the business suffered any physical property damage.
Disaster loans up to $200,000 are available to homeowners to repair or replace disaster damaged or destroyed real estate. Homeowners and renters are eligible up to $40,000 to repair or replace disaster damaged or destroyed personal property.
Interest rates are as low as 3.305 percent for businesses and 2.5 percent for nonprofit organizations, 1.75 percent for homeowners and renters with terms up to 30 years. Loan amounts and terms are set by the SBA and are based on each applicant’s financial condition.
Applicants may apply online using the Electronic Loan Application (ELA) via the SBA’s secure website at
https://disasterloan.sba.gov/ela
.
https://disasterloan.sba.gov/ela
.
To be considered for all forms of disaster assistance, applicants should register online at
www.DisasterAssistance.gov
or on 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 711or Video Relay Services may also call 800-621-3362. People who use TTY may call 800-462-7585.
www.DisasterAssistance.gov
or on 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 711or Video Relay Services may also call 800-621-3362. People who use TTY may call 800-462-7585.
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 e-mail to
disastercustomerservice@sba.gov
. Loan applications can also be downloaded from
www.sba.gov/disaster
. Completed applications should be mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
disastercustomerservice@sba.gov
. Loan applications can also be downloaded from
www.sba.gov/disaster
. Completed applications should be 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. 20, 2017
. The deadline to return economic injury applications is
June 20, 2018
.
ATLANTA –
The U.S. Small Business Administration announced that all municipalities in
Puerto Rico
are now included in the disaster declaration for Hurricane Maria.
ATLANTA –
Puerto Rico
SBA’s physical and economic injury low-interest loans are now available in all the municipalities in Puerto Rico. Businesses of any size and private nonprofit organizations may borrow up to $2 million to repair or replace disaster damaged or destroyed real estate, machinery and equipment, inventory, and other business assets. 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. Eligible mitigation improvements may include a safe room or storm shelter to help protect property and occupants from future damage caused by a similar disaster.
For small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations, the SBA offers Economic Injury Disaster Loans to help meet working capital needs caused by the disaster. Economic Injury Disaster Loan assistance is available regardless of whether the business suffered any physical property damage.
Disaster loans up to $200,000 are available to homeowners to repair or replace disaster damaged or destroyed real estate. Homeowners and renters are eligible up to $40,000 to repair or replace disaster damaged or destroyed personal property.
Interest rates are as low as 3.305 percent for businesses and 2.5 percent for nonprofit organizations, 1.75 percent for homeowners and renters with terms up to 30 years. Loan amounts and terms are set by the SBA and are based on each applicant’s financial condition.
Applicants may apply online using the Electronic Loan Application (ELA) via the SBA’s secure website at
https://disasterloan.sba.gov/ela
.
https://disasterloan.sba.gov/ela
.
To be considered for all forms of disaster assistance, applicants should register online at
www.DisasterAssistance.gov
or on 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 711or Video Relay Services may also call 800-621-3362. People who use TTY may call 800-462-7585.
www.DisasterAssistance.gov
or on 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 711or Video Relay Services may also call 800-621-3362. People who use TTY may call 800-462-7585.
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 e-mail to
disastercustomerservice@sba.gov
. Loan applications can also be downloaded from
www.sba.gov/disaster
. Completed applications should be mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
disastercustomerservice@sba.gov
. Loan applications can also be downloaded from
www.sba.gov/disaster
. Completed applications should be 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. 20, 2017
. The deadline to return economic injury applications is
June 20, 2018
.
Nov. 20, 2017
June 20, 2018