SBA’s Deadline for Physical Damage Disaster Loan Applications is April 5
ATLANTA – The U.S. Small Business Administration reminds homeowners, renters, businesses and non-profit organizations of the deadline to submit disaster loan applications for damage caused by the tornadoes, severe storms and flooding that occurred on January 21, 2010. The deadline to file an application for physical damage is April 5, 2010.
Disaster victims that sustained physical damage in Bradford County and the adjacent counties of Alachua, Baker, Clay, Putnam and Union in Florida are eligible to apply.
The SBA offers loans up to $200,000 to repair disaster damaged primary residences. Homeowners and renters are eligible for loans up to $40,000 to replace personal property such as furniture, appliances and clothing. Loans to businesses of all sizes and non-profit organizations are available up to $2 million to repair damage to real estate, machinery, inventory and equipment.
SBA Economic Injury Disaster Loans (EIDLs) are available to small businesses, and most private non-profit organizations of all sizes to help meet working capital needs caused by the disaster. EIDL assistance is available regardless of whether the business suffered any property damage.
Interest rates are as low as 2.625 percent for homeowners, renters and 4 percent for businesses and 3 percent for non-profit organizations with terms up to 30 years. Loan amounts and terms are set by SBA and are based on each applicant’s financial condition.
To obtain a loan application or program information, call the SBA’s Customer Service Center at 800-659-2955 (800-877-8339 for the hearing-impaired) Monday through Friday from 8 a.m. until 6 p.m. EDT or send an e-mail to firstname.lastname@example.org. Business loan applications can also be downloaded from the SBA Web site at www.sba.gov/services/disasterassistance. Completed applications should be mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX. 76155.
Victims may apply for disaster loans from SBA’s secure Web site at https://disasterloan.sba.gov/ela/. The filing deadline to return applications for physical property damage is April 5, 2010. The deadline to return economic injury applications is November 4, 2010.