Saturday, October 24, 2020

SBA Approves Over $5 Million Disaster Loans

The U.S. Small Business Administration announced that over $5 million in lowinterest disaster loans have been approved for Florida businesses and residents affected by Hurricane Irma that began on Sept. 4, 2017 in Florida.

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.

To be considered for all forms of disaster assistance, applicants should register online atwww.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.

Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website . sba.gov/ela. Disaster loan information and application forms may also be obtained by calling the 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.

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 submit applications for physical property damage is Nov. 9, 2017. The deadline for economic injury applications is June 11, 2018.

For more information about the SBA’s Disaster Loan Program, visit www.sba. gov/disaster or contact Michael Lampton at Michael.Lampton@sba.gov (404) 331- 0333.

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