TRENTON, N.J. -- The quickest way to get a Small Business Administration disaster loan approved is filling out an online application.
The online application is the most user-friendly way for homeowners, renters and business survivors of Hurricane Sandy to request a loan from the SBA. An electronic loan application is a convenient alternative to visiting a disaster recovery center or mailing a paper loan application.
Regardless of the method, the deadline is the same: Jan. 30, 2013.
There’s no guess work with an online application. The program checks for errors and prompts for more information when needed. To apply online, visit https://disasterloan.sba.gov/ela.
The long-term, low-interest loans are designed to fund repairs to and replacement of homes, personal property and businesses. About 85 percent of all SBA disaster loans go to homeowners and renters.
Interest rates are as low as 1.688 percent for homeowners and renters and 4 percent for businesses, with a maximum of 30-year repayment terms.
SBA disaster loans are the primary form of federal assistance for homeowners, renters and businesses of all sizes.
For additional information, contact an SBA disaster assistance customer service center by calling 800-659-2955 or TTY 800-877-8339, emailing firstname.lastname@example.org or visiting sba.gov. SBA customer service representatives are available at all disaster recovery centers throughout the state. The centers can be found online at http://www.fema.gov/disaster-recovery-centers.
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.
The social media links provided are for reference only. FEMA does not endorse any non-government websites, companies or applications.
SBA’s Disaster Assistance Program provides long term, low-interest loans to homeowners, renters and businesses of all sizes. For more information, visit www.sba.gov. All SBA’s program and services are provided on a nondiscriminatory basis.