Over $34 Million Disaster Loans Approved in New York
ATLANTA, Oct. 18, 2011 /PRNewswire-USNewswire/ -- The U.S. Small Business Administration reminds homeowners, renters, businesses and non-profit organizations located in New York that there is less than two weeks remaining before the Oct. 31 deadline to submit their disaster loan applications for physical damage caused by Hurricane Irene. SBA's staff is working vigorously to have all survivors take advantage of the opportunity to apply for low-interest disaster loans.
"There is a tendency for survivors to discard SBA disaster loan applications because they may not want a loan. However, homeowners and renters may risk missing out on grants by not returning completed applications to SBA," said Frank Skaggs, director of SBA's Field Operations Center East in Atlanta. Those who received SBA applications are encouraged to return them even if they do not want a loan. If the SBA is not able to approve a home loan, the individual may be referred to the Federal Emergency Management Agency for possible grant assistance.
The SBA has approved over $34 million in Disaster Assistance Loans for residents and business owners in New York. "Currently, 734 home and business disaster loans have been approved in the amount of $34,074,700 for affected survivors," said Skaggs. "We are pleased to be able to get these loans approved so residents and businesses in the disaster area can continue rebuilding and resuming their normal lives."
For assistance, 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 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 property damage is October 31, 2011.
The deadline to return economic injury applications is May 31, 2012.
For more information about the SBA's Disaster Loan Program, visit our website at www.sba.gov.
Contact: Michael Lampton
SOURCE U.S. Small Business Administration