This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Over $700 Million, SBA Wants To Do More

ATLANTA, Jan. 10, 2013 /PRNewswire-USNewswire/ -- The U.S. Small Business Administration has helped thousands of disaster survivors affected by Hurricane Sandy that devastated the east coast from North Carolina up to Rhode Island.  The SBA has approved over $720 million in low-interest, taxpayer-backed disaster loans to homeowners, renters and businesses. But the agency wants to help more people and businesses.

(Logo:  http://photos.prnewswire.com/prnh/20110909/DC65875LOGO)

"Many people are hesitant to apply for disaster loans because they are afraid of taking on more debt, but the funds to repair or replace disaster damaged property must come from somewhere.  An affordable low-interest rate loan from the SBA is a sensible way for survivors of the super storm to finance their recovery," said Frank Skaggs, director of SBA Field Operations Center East.

The application process for a SBA disaster loan is not hard. The application is straight forward and SBA representatives are eager to assist in completing it.  "It only takes about thirty minutes to complete an application and a completed SBA disaster loan package enables survivors to make informed decisions about what recovery options best suit their needs," added Skaggs.

"Time is passing quickly, we encourage everyone affected by Hurricane Sandy to apply for a SBA disaster loan now to help speed up the recovery process," added Skaggs.

Applicants may apply online using the Electronic Loan Application (ELA) via SBA's secure website at https://disasterloan.sba.gov/ela or visit one of the local recovery centers for one-on-one assistance. 

For more information, contact the SBA Customer Service Center at 800-659-2955 (800-877-8339 for the deaf and hard-of-hearing) or by visiting www.sba.gov

For more information about the SBA's Disaster Loan Program, visit our website at www.sba.gov.

Contact: Michael Lampton Phone: 404-331-0333 Release Number: 13-182, 13365/13366

SOURCE U.S. Small Business Administration

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,070.40 +46.34 0.26%
S&P 500 2,114.49 +6.20 0.29%
NASDAQ 5,016.9290 +11.5380 0.23%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs