Prompt Return Of SBA Applications Speeds Aid

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Release date: 
June 24, 2004
Release Number: 
1517-038

LINCOLN, Neb. -- Nebraska residents who have applied for disaster assistance and received U.S. Small Business Administration (SBA) forms are encouraged to complete and return them to SBA as soon as possible. Completing the application is a required step in obtaining some types of disaster assistance.

“If an applicant is referred to the SBA, we need to complete that part of the process before we can look at other aid options," said Federal Coordinating Officer Scott Wells. “Filling out an SBA application does not guarantee that an applicant will be approved for a loan, nor does it mean that they must accept the loan.

SBA loans are the largest source of disaster funds for making substantial repairs or rebuilding damaged structures to their pre-disaster condition. Actual loan amounts and terms are set by the SBA and are based on each applicant’s financial condition. The low-interest disaster loans are available to homeowners, renters and businesses of all sizes.

Those who have questions about their SBA application can call 1-800-366-6303 or find SBA information on their website at www.sba.gov.

On March 1, 2003, FEMA became part of the U.S. Department of Homeland Security. FEMA's continuing mission within the new department is to lead the effort to prepare the nation for all hazards and effectively manage federal response and recovery efforts following any national incident. FEMA also initiates proactive mitigation activities, trains first responders, and manages the National Flood Insurance Program and the U.S. Fire Administration.

Last Updated: 
July 16, 2012 - 18:46
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