SBA extends deadline to for flood survivors
The U.S. Small Business Administration (SBA) has extended the deadline to Sept. 7 for disaster survivors to submit disaster loan applications for physical damages due to severe storms, flooding, landslides and mudslides in West Virginia.
The extension will allow the businesses, homeowners and renters additional time to submit their SBA disaster loan applications to get the help they need to recover from the disaster.
SBA disaster loans make recovery more affordable with rates as low as 4 percent for businesses, 2.625 percent for private nonprofit organizations and 1.625 percent for homeowners and renters.
To be considered for all forms of disaster assistance, survivors may register online at DisasterAssistance.gov or by smart phone or tablet at m.fema.gov. Applicants may call 800-621-3362 or TTY users 800-462-7585.
Survivors referred by FEMA to the SBA may apply for a disaster loan online using the Electronic Loan Application (ELA) via SBA’s secure website at https://disasterloan.sba.gov/ela or visit a recovery center.
Located in Greenbrier, Kanawha and Nicholas counties, recovery centers are staffed with SBA’s customer service representatives who provide one-on-one assistance to survivors in completing their applications.
More information may 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. SBA 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 Sept. 7. The deadline to return economic injury applications is Mar. 27, 2017.
Over $40 million in SBA Disaster Loans approved
The U.S. Small Business Administration (SBA) has approved over $40 million in low-interest disaster loans for businesses and residents in West Virginia affected by the severe storms and flooding on June 22-29. The deadline to file an SBA disaster loan application for physical damage is Aug. 24.
“Currently, 612 disaster loans have been approved in the amount of $40,091,200.00 for affected survivors,” said Frank Skaggs, director of SBA’s Field Operations Center East in Atlanta. “We are pleased to get these loans approved so residents in the disaster area can start to rebuild and resume their normal lives. I encourage anyone who has not submitted an SBA disaster loan application to do so before the deadline.”
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 1.625 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 with FEMA online at www.DisasterAssistance.gov or by mobile device at m.fema.gov. 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 (800-462-7585 TTY).
Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at https://disasterloan.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 return applications for physical property damage is Aug. 24. The deadline to return economic injury applications is Mar. 27, 2017.