FINDLAY, Ohio -- Those impacted by Ohio's severe storms and flooding who receive a low interest disaster loan application from the U.S. Small Business Administration (SBA) should take the time to fill it out - even if they don't want a loan or think they qualify.
Most of the people who register for assistance online at www.fema.gov or by calling 1-800-621-FEMA (3362) or (TTY) 1-800-462-7585 will receive a packet containing the SBA loan application.
Those who apply with SBA and do not qualify for a low interest disaster loan may be referred to other programs, but applicants must still complete the SBA application before they can be considered for certain grants and programs.
"Don't make yourself ineligible by not completing the form," said Jesse Munoz, Federal Coordinating Officer of the Federal Emergency Management Agency (FEMA).
FEMA disaster assistance covers basic needs only and normally will not compensate you for the entire loss. FEMA may help pay for needs not covered under your insurance policy - excluding your deductible. FEMA disaster aid does not have to be paid back. SBA assistance is in the form of low-interest disaster loans.
Disaster loans from the SBA are not just for small businesses. The SBA is the primary source of federal funds for long-term disaster recovery for homeowners, renters, non-farm businesses of all sizes, and private non-profit organizations. In fact, the majority of SBA disaster loans are made to homeowners and renters.
SBA loan amounts are based on the actual cost of repairing or rebuilding a damaged home or business and replacing damaged personal property, minus any insurance reimbursements or benefits from other agencies or organizations for the same loss.
Those affected by a disaster do not have to wait for their insurance settlement before applying for an SBA loan.
For small businesses only, SBA offers Economic Injury Disaster Loans (EIDL) to help meet working capital needs caused by the disaster. EIDL assistance is available regardless of whether the business suffered any property damage.
To date, SBA has approved more than $2 million in disaster loans to Ohio homeowners, renters, and businesses hurt by the recent severe storms and flooding.
"We urge anyone who sustained losses and received an SBA low interest disaster loan application to mail in the completed form as soon as possible," said State Coordinating Officer Nancy Dragani, director of the Ohio Emergency Management Agency (Ohio EMA). "It's the next step in getting help."
Information on SBA low interest disaster loan applications is available by visiting a Disaster Recovery Center or an SBA Disaster Loan Outreach Center, calling the SBA helpline at 1-800-659-2955, or visiting the SBA website at www.SBA.gov/services/disasterassistance.
Residents from Allen, Crawford, Hancock, Hardin, Putnam, Richland, Seneca, and Wyandot counties are eligible to apply for disaster assistance.
Temporary housing assistance from FEMA does not require that an applicant file for an SBA loan. However, an applicant must complete an SBA loan application to be eligible for additional assistance under the part of the Other Needs Assistance (ONA) program that covers personal property, vehicle repair or replacement, and moving and storage expenses.
There are other ONA grants such as public transportation expenses, medical and dental expenses, and funeral and burial expenses that do not require individuals to apply for an SBA loan to be eligible. FEMA will process applications for housing assistance regardless of whether the applicant has applied for an SBA loan, and eligibility determinations for applicants requesting FEMA's ...