Charleston, WV -- If you've received a disaster loan application from the U.S. Small Business Administration (SBA), federal and state officials urge you to return your completed forms.
"Completing the SBA loan application does not obligate the applicant to a loan, but is a required step in determining if you are eligible for other types of disaster assistance," said Federal Coordinating Officer Carlos Mitchell of the Federal Emergency Management Agency (FEMA). "If an individual does not qualify for an SBA loan, the application may be referred to the Individual and Family Grant (IFG) program."
To be considered for an SBA loan, you first must apply for disaster assistance by calling the FEMA toll-free registration number. "If your family income is above a certain level, you will be provided with a disaster loan application package to fill out and return to the SBA," said State Coordinating Officer Stephen Kappa of the West Virginia Office of Emergency Services. "Whether or not you qualify for a loan depends, in part, on your ability to repay."
To date, more than 600 SBA loan applications have been issued to West Virginia disaster victims and more than $34,000 in disaster loans have been approved to homeowners, renters and businesses to help repair flood damaged property.
Those whose homes or businesses sustained damage and who have not applied can still start the process by calling the FEMA toll-free registration number: 800-462-9029 or (TTY) 800-462-7585 for the speech- and hearing- impaired. The lines are open Monday through Friday 8 a.m. to 6 p.m.
To check on the status of your SBA disaster loan application, call the SBA at 800-659-2955, Monday through Friday 7 a.m. to 5 p.m. If you have other questions about disaster assistance, call the FEMA helpline at 800-525-0321 or (TTY) 800-462-7585 for the speech or hearing impaired.