"The U.S. Small Business Administration is strongly committed to providing the most effective and customer-focused response possible to assist homeowners, renters, and small businesses with federal disaster loans," said Acting Administrator Baruah. "Getting our businesses and communities up and running after a disaster is our highest priority at SBA."
The disaster declaration covers
Disaster loans up to
Businesses and non-profit organizations of any size may borrow up to
For small businesses, and most private, non-profit organizations of all sizes, 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.
Interest rates are as low as 2.875 percent for homeowners and renters and 4 percent for businesses with terms up to 30 years. Loan amounts and terms are set by the SBA and are based upon each applicant's financial condition.
To be considered for all forms of disaster assistance, victims must first call the Federal Emergency Management Agency (FEMA) at 1-800-621-FEMA (3362). 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 1-800-659-2955 or by emailing our customer service center at firstname.lastname@example.org.
Victims may also apply for disaster loans from SBA's secure website at https://disasterloan.sba.gov/ela/
The filing deadline to return applications for physical property damage is
For more information about the SBA's Disaster Loan Programs, visit our website at www.sba.gov/services/disasterassistance.
SOURCE U.S. Small Business Administration