COLUMBIA, Mo. -- The Federal Emergency Management Agency (FEMA) urges Missourians who suffered damage or loss from the severe storms, tornadoes and flooding and received a disaster loan application from the U.S. Small Business Administration (SBA) to complete and return the application by the Aug. 26, 2011, deadline.
Completing and returning the application is a critical step in the recovery process.
Many disaster survivors have received an SBA disaster loan application in the mail. It is important to fill out the application and return it, even if you do not want a loan, because applying for SBA loans ensures disaster survivors are considered for the full range of disaster assistance that may be available to them.
If you do not qualify for an SBA loan, you will be referred back to FEMA and could receive additional grant money.
If you are approved for an SBA loan, you are under no obligation to accept the loan, but approved applicants remain eligible for a loan for six months and can request to initiate the loan at any point within that time period. In some cases, you may also ask for an increase in your approved loan amount.
In addition to being critical to long-term rebuilding, SBA disaster loans are easy to repay, with fixed, low interest rates less than 3 percent for up to 30 years.
SBA disaster loan applications are available from Disaster Recovery Centers and online via SBA's secure website at disasterloan.sba.gov/ela.
DRCs currently open include:
Landmark Center Shopping Mall
2640 E. 32 St., Suite 5
Joplin, MO 64804
Open Monday through Saturday, 9 a.m. to 6 p.m. until further notice. This DRC is closed on Sundays.
New Madrid County
Morehouse Elementary School Cafeteria
420 S. Carroll St.
Morehouse, MO 63838
Open Monday through Saturday, 9 a.m. to 6 p.m. This DRC will be closing Aug. 6 at 6 p.m.
To apply for an SBA loan, you will need your Social Security number, insurance policy, copies of tax returns and financial statements.
To date, survivors of flooding, tornadoes and severe storms in Missouri have received more than $36 million in SBA loans for residents and businesses in counties that have been declared disaster areas. More than $27.1 million has been provided for residential and personal property losses and nearly $9 million for business losses.
SBA can offer loans up to $200,000 to repair or replace real estate, and $40,000 to repair or replace personal property damages, including automobiles. Businesses of any size and private, non-profit organizations may borrow up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory and other business assets.
For more information, contact SBA's Disaster Assistance Customer Service Center by calling 1-800-659‑2955, emailing firstname.lastname@example.org, or visiting SBA's Web site at www.sba.gov. Hearing impaired individuals may call 1-800-877‑8339.
The first step in the recovery process is registering with FEMA.
Registration may be completed online at www.DisasterAssistance.gov, by smartphone through m.FEMA.gov, or by calling FEMA's toll-free registration line at 1-800-621-FEMA (3362). If the applicant has a speech disability or hearing loss and uses a TTY, call 1-800-462-7585 directly; if the applicant uses 711 or Video Relay Service (VRS), call 1-800-621-3362. Multi-language assistance is available. Telephone registration is available daily from 7 a.m. to 10 p.m.