Over $10 Million in Disaster Loans Approved in Kentucky
ATLANTA, April 23, 2012 /PRNewswire-USNewswire/ -- The U.S. Small Business Administration reminds homeowners, renters, businesses and non-profit organizations located in Kentucky that only two weeks remain before the May 7 deadline to submit their disaster loan applications for physical damage caused by the severe storms, tornadoes, winds and flooding between Feb. 29 through March 3, 2012. SBA's staff is working vigorously to have all eligible survivors take advantage of the opportunity to apply for low-interest disaster loans.
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 $10 million in Disaster Assistance Loans for residents and business owners in Kentucky. "Currently, 193 home and business disaster loans have been approved in the amount of $10,100,500 for affected survivors," said Frank Skaggs, director of SBA's Field Operations Center East in Atlanta. "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 [email protected]. 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 May 7, 2012.
The deadline to return economic injury applications is December 6, 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