Jan. 17, 2013
/PRNewswire-USNewswire/ -- The U.S. Small Business Administration reminds homeowners, renters, businesses and non-profit organizations in
of the deadline to submit disaster loan applications for damages caused by Hurricane Sandy between
and Nov. 4. The deadline to apply for physical damages is
Feb. 12, 2013.
"Taking time to complete and return the disaster loan application to the SBA is an important part of the recovery process. We encourage all affected businesses, homeowners and renters, and non-profits in
to apply by the deadline," said
, district director of SBA's
Loans up to
are available to homeowners to repair or replace damaged or destroyed real estate. Homeowners and renters are eligible for loans up to
to repair or replace damaged or destroyed personal property. Businesses and non-profit organizations of any size may borrow up to
to repair or replace damaged or destroyed real estate, machinery and equipment, inventory, and other business assets.
Interest rates are as low as 1.688 percent for homeowners and renters, 3 percent for non-profit organizations and 4 percent for businesses with terms up to 30 years. The SBA sets the loan amounts and terms based on each applicant's financial condition.
Applicants may apply online using the Electronic Loan Application (ELA) via SBA's secure website at
Disaster loan information and application forms may also be obtained by calling the SBA's Customer Service Center at 800-659-2955 (800-877-8339 for the deaf and hard-of-hearing) or by sending an email to
. Loan applications can be downloaded from
. Completed applications should be mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road,
, TX 76155.
The filing deadline to return applications for physical damage is
February 12, 2013
The deadline to return economic injury applications is
September 16, 2013
For more information about the SBA's Disaster Loan Program, visit our website at
: (404) 331-0333
13-215, MD 13425/13426
SOURCE U.S. Small Business Administration