ATLANTA – The U.S. Small Business Administration announced today that residents in two additional counties are eligible to apply for low interest rate disaster loans. These loans are available for damages due to severe storms, flooding, mudslides and landslides that occurred on March 15 - 31, 2012. The deadline to file an SBA disaster loan application for physical damage is May 21, 2012.
Low interest disaster loans for physical damages are available to homeowners, renters, non-profit organizations and businesses of any size located in the West Virginia Counties of Lincoln, Logan and Mingo.
Interest rates are as low as 1.875 percent for homeowners and renters, 3 percent for non-profit organizations and 4 percent for businesses with terms up to 30 years. The SBA sets the loan amounts and terms based on each applicant’s financial condition.
To be considered for all forms of disaster assistance, call the Federal Emergency Management Agency (FEMA) at 800-621-FEMA (3362), TTY 800-462-7585 for the deaf and hard-of-hearing. For additional information, 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 firstname.lastname@example.org. Loan application forms can be downloaded from the SBA’s website at www.sba.gov. Completed applications should be mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
Those affected by the disaster may also apply for disaster loans electronically from SBA’s website at https://disasterloan.sba.gov/ela/.
The filing deadline to return applications for physical damage is May 21, 2012. The deadline to return economic injury applications is December 24, 2012.
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For more information about the SBA’s Disaster Loan Program, visit our website at www.sba.gov.