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MA 12799 - SBA Approves More than $1 Million in Disaster Loans in Massachusetts Agency Urges Return of Applications Before Nov. 2
ATLANTA – The U.S. Small Business Administration is urging survivors in Massachusetts affected by Tropical Storm Irene to quickly return completed SBA low-interest disaster loan applications in order to be considered for all forms of assistance. Homeowners and renters who cannot afford a loan may be referred to FEMA for possible grant funds. The deadline for filing for physical damage is Nov 2. SBA’s staff is working vigorously to have all survivors take advantage of the opportunity to apply for assistance.
“SBA reassures its commitment to help homeowners, renters and businesses in Massachusetts recover from damages caused by Tropical Storm Irene and encourages those who have not returned their SBA Disaster Loan application to do so,”said Jeanne Hulit, SBA’s regional administrator for New England. “Small businesses may also benefit from Economic Injury Disaster Loans to help meet their working capital needs as a result of the disaster. These loans are available regardless of whether the business suffered any physical property damage.”
The SBA has approved more than $1 million in Disaster Assistance Loans for residents and business owners in Massachusetts. “Currently, 30 home and business disaster loans have been approved in the amount of $1,031,400 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 and businesses in the disaster area can start to rebuild and resume their normal lives.”
Those affected by the disaster should register with Federal Emergency Management (FEMA) at 1-800-621-FEMA (3362) or 800-462-7585 (TTY) for the deaf and hard-of-hearing or register online at www.disasterassistance.gov.
More information about the disaster loans can be obtained by calling the SBA’s Customer Service Center at 800-659-2955(800-877-8339 for the deaf and hard-of-hearing) Monday through Friday from 8 a.m. to 8 p.m., and Saturday and Sunday from 9 a.m. to 5:30 p.m. ET or by sending an email to firstname.lastname@example.org. Loan applications can be downloaded from 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 deadline to return SBA applications for physical property damage is November 2, 2011. The deadline to return applications for economic injury is June 5, 2012.
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For more information about the SBA’s Disaster Loan Program, visit our website at www.sba.gov.