ATLANTA –
The U.S. Small Business Administration (SBA) is encouraging those businesses and individuals affected by Hurricane Irma or Hurricane Maria in Puerto Rico 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.
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.
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 3.305 percent for businesses, 2.5 percent for private nonprofit organizations, and 1.75 percent for homeowners and renters. Loan terms can be up to 30 years.
Physical disaster loans are available to businesses of all sizes, non-profit organizations, homeowners and renters to repair or replace disaster-damaged property, including contents and automobiles. Economic Injury Disaster Loans are available for small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private non-profit organizations of all sizes having difficulties meeting operating expenses because of the disaster. These working capital loans may be used to pay fixed debts, payroll, accounts payable, and other bills that could have been paid had the disaster not occurred.
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 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
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.
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.
Additional information on disaster recovery centers and the disaster loan program may be obtained by calling SBA’s 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
.
disastercustomerservice@sba.gov
.
Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at
Disasterloan.sba.gov
. Loan applications can be downloaded from
www.sba.gov
Disasterloan.sba.gov
. Loan applications can be downloaded from
www.sba.gov
/disaster
. Completed applications should 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. For more information about SBA recovery assistance, visit
www.sba.gov/disaster
.
The filing deadline to submit applications for physical property damage has been extended to
for Hurricanes Irma and Maria. The deadline for economic injury applications is
for Hurricane Irma and
for Hurricane Maria.
June 18, 2018
for Hurricanes Irma and Maria. The deadline for economic injury applications is
June 11, 2018
for Hurricane Irma and
June 20, 2018
for Hurricane Maria.
ATLANTA –
The U.S. Small Business Administration (SBA) is encouraging those businesses and individuals affected by Hurricane Irma or Hurricane Maria in Puerto Rico 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.
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.
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 3.305 percent for businesses, 2.5 percent for private nonprofit organizations, and 1.75 percent for homeowners and renters. Loan terms can be up to 30 years.
Physical disaster loans are available to businesses of all sizes, non-profit organizations, homeowners and renters to repair or replace disaster-damaged property, including contents and automobiles. Economic Injury Disaster Loans are available for small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private non-profit organizations of all sizes having difficulties meeting operating expenses because of the disaster. These working capital loans may be used to pay fixed debts, payroll, accounts payable, and other bills that could have been paid had the disaster not occurred.
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 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
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.
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.
Additional information on disaster recovery centers and the disaster loan program may be obtained by calling SBA’s 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
.
disastercustomerservice@sba.gov
.
Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at
Disasterloan.sba.gov
. Loan applications can be downloaded from
www.sba.gov
Disasterloan.sba.gov
. Loan applications can be downloaded from
www.sba.gov
/disaster
. Completed applications should 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. For more information about SBA recovery assistance, visit
www.sba.gov/disaster
.
The filing deadline to submit applications for physical property damage has been extended to
for Hurricanes Irma and Maria. The deadline for economic injury applications is
for Hurricane Irma and
for Hurricane Maria.
June 18, 2018
for Hurricanes Irma and Maria. The deadline for economic injury applications is
June 11, 2018
for Hurricane Irma and
June 20, 2018
for Hurricane Maria.
June 18, 2018
June 11, 2018
June 20, 2018