SBA Encourages Individuals To Return Loan Applications

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Release date: 
May 5, 2005
Release Number: 
1588-013

TRENTON, N.J. -- The U.S. Small Business Administration (SBA) is urging all New Jersey homeowners, renters and businesses who have registered for assistance from the U.S. Department of Homeland Security’s Federal Emergency Management Agency (FEMA) and received an SBA loan application to complete and return it as soon as possible. This is an important step in the recovery process because most federal dollars distributed after disasters come in the form of low-interest loans. As of close of business May 4, more than 1,300 SBA loan applications have been issued.

Those who have received an SBA loan application should know:

  • Homeowners, renters, businesses of all sizes and certain private non-profit organizations are eligible to apply for SBA disaster loans.
  • Applicants can receive face-to-face help in filling out the SBA loan application at any Disaster Recovery Center. For the nearest location, call the SBA Helpline at 1-800-659-2955.
  • If SBA cannot approve the loan application, applicants may be referred to other agencies for additional assistance; however, they must return the application for consideration of additional assistance.
  • SBA loan amounts are based on uninsured or otherwise uncompensated disaster losses. Disaster victims with insurance should apply as soon as possible even if their insurance hasn’t settled.

Homeowners, renters and businesses who sustained damages as a result of severe storms and flooding should first register for assistance by calling FEMA’s application/Helpline at 800-621-FEMA (3362) or 800-462-7585 (TTY) Mon. – Fri. 8 a.m. to 8 p.m., Sat. 8 a.m. to 7 p.m. and closed on Sun. until further notice. Multilingual operators are available to assist callers. Registration is also available at www.fema.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 Citizen Corps, the National Flood Insurance Program and the U.S. Fire Administration.

Last Updated: 
July 16, 2012 - 18:46
State/Tribal Government or Region: 
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