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0 Disaster
News
Loans for
Businesses of All Sizes, Homeowners and Renters
SBA Disaster Assistance
– Field Operations Center- East – 101 Marietta
Street, NW, Suite 700, Atlanta
________________________________________________________________________________________________________________________________Release Date: Nov. 21, 2016 Contact: Michael Lampton
Phone: (404) 331-0333
SBA Extends Application Deadline; North
Carolina Businesses and Residents Encouraged to Apply for Disaster Loans for
Hurricane Matthew Losses
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 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 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 Jan.
9, 2017. The deadline for economic injury applications is July 10, 2017.
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For
more information about the SBA’s Disaster Loan Program, visit our website at www.sba.gov/disaster.
