Prompt Return of SBA Loan Applications Speeds Disaster Aid

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Release date: 
October 4, 2011
Release Number: 
4020-071

ALBANY, N.Y. -- The Federal Emergency Management Agency joins the U.S. Small Business Administration (SBA) in urging New Yorkers who have applied for disaster aid to complete and return their loan applications promptly.

The sooner flood survivors complete the application, the sooner decisions regarding federal aid can be made. Filling out the SBA application is a necessary step to being considered for some forms of disaster assistance.

The SBA disaster loans are the primary source of long-term recovery aid. The loan application provides necessary information for determining the appropriate aid for each applicant. If the SBA is unable to approve a loan, the applicant may be automatically referred to other disaster aid programs.

“We are encouraging anyone who has received an SBA loan application to return it as soon as possible,” said Philip E. Parr, Federal Coordinating Officer. “Filling out the loan application does not obligate anyone to accept the loan.”

The SBA low-interest disaster loans are available to qualified renters, property owners, non-profit organizations, and businesses of any size that suffered losses due to the disaster. These loans are designed for disaster survivors not fully covered by insurance or without insurance.

To date, the SBA has approved more than $18 million in low-interest disaster loans for New Yorkers who suffered damage from Hurricane Irene.

For more information, call the SBA at 1-800-659-2955 or visit the SBA web site at www.sba.gov.

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
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