NC 15696 - SBA Opens Disaster Loan Outreach Centers and Changes Operating Hours for Centers in North Carolina
… at COB Disaster survivors don’t have to wait until their insurance claim is settled before applying for an SBA … does not know how much of their loss will be covered by insurance or other sources, SBA will consider making a loan … up to its loan limits, provided the borrower agrees to use insurance proceeds to reduce or repay their SBA loan. …