Main Content

Returning SBA Loan Applications is Important Step

Release date: 
September 15, 2011
Release Number: 

COLUMBIA, Mo. -- The U.S. Small Business Administration and the Federal Emergency Management Agency urge individuals and business owners in Andrew, Atchison, Buchanan, Holt, Lafayette and Platte counties who have received a disaster loan application from the SBA to complete and return the application by the Oct. 11, 2011, deadline.

Applying for an SBA disaster loan is a critical step in the recovery process.

Many disaster survivors have received an SBA disaster assistance loan application in the mail. It is important to fill out the application and return it, because applying for SBA loans ensures disaster survivors are considered for the full range of disaster assistance that may be available to them.

If SBA is unable to help a homeowners or renter with losses through a low-interest disaster loan, SBA may refer the applicant back to FEMA for possible additional assistance.

SBA serves as the federal government's primary source of money for the long-term rebuilding of disaster-damaged private property. SBA helps homeowners, renters, businesses of all sizes, and private nonprofit organizations fund repair or rebuilding efforts and cover the cost of replacing lost or disaster-damaged personal property.

Interest rates can be as low as 2.5 percent for homeowners and renters, 3 percent for private, nonprofit organizations and 4 percent for businesses, with terms up to 30 years. Loan amounts and terms are set by SBA and are based upon each applicant's financial condition.

SBA can offer loans to homeowners and renters up to $200,000 to repair or replace real estate, and $40,000 to repair or replace personal property, including automobiles. Businesses of any size and private, nonprofit organizations may borrow up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory and other business assets. Businesses may also receive assistance with working capital to meet ordinary and necessary expenses.

SBA disaster loan applications also are available at any Disaster Recovery Center, online via SBA's secure website at, by phone through SBA's Disaster Assistance Customer Service Center at 1-800-659‑2955, and by email at Deaf or hard of hearing individuals may call 1-800-877‑8339.

The first step in the recovery process is registering with FEMA.

Registration may be completed by calling FEMA's toll-free registration line at 1-800-621-FEMA (3362), online at, or by smartphone at 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. Multilanguage assistance is available. Helpline hours are 7 a.m. to 10 p.m.

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.

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