One Week Remains To Return SBA Disaster Loan Applications

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Release date: 
July 11, 2011
Release Number: 
1971-121

BIRMINGHAM, Ala. — One week remains for disaster survivors who sustained storm-related damages between April 15 and May 31 to return their disaster loan application to the U.S. Small Business Administration.

Survivors only need about 20-30 minutes to complete the SBA disaster loan application by the Monday, July 18, deadline. Completing the application may provide survivors with the funding necessary to assist them in rebuilding their lives.

Homeowners can receive loans of up to $200,000 to repair or replace storm-related damages. Homeowners and renters may borrow up to $40,000 to replace damaged or destroyed personal property, including vehicles.

Applying for a disaster loan may also open the door to Federal Emergency Management Agency disaster recovery grants that do not need to be paid back.

SBA loans, with rates as low as 2.563 percent, are available in the 43 counties designated for FEMA Individual Assistance.

Survivors can call the SBA toll free at 800-659-2955 or (800-877-8339 TTY). They can also apply online at SBA’s secure website, https://DisasterLoan.SBA.gov/ELA.

FEMA’s mission is to support our citizens and first responders to ensure that as a nation we work together to build, sustain, and improve our capability to prepare for, protect against, respond to, recover from, and mitigate all hazards.

Disaster recovery assistance is available without regard to race, color, religion, nationality, sex, age, disability, English proficiency or economic status. If you or someone you know has been discriminated against, call FEMA toll-free at 800-621-FEMA (3362). If you have a speech disability or hearing loss and use a TTY, call 800-462-7585 directly; if you use 711 or Video Relay Service (VRS), call 800-621-3362.

FEMA’s temporary housing assistance and grants for public transportation expenses, medical and dental expenses, and funeral and burial expenses do not require individuals to apply for an SBA loan. However, applicants who receive SBA loan applications must submit them to SBA loan officers to be eligible for assistance that covers personal property, vehicle repair or replacement, and moving and storage expenses.

The social media links provided are for reference only. FEMA does not endorse any non-government websites, companies or applications.

Last Updated: 
July 16, 2012 - 18:46
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