Loans for Homeowners, Renters and Businesses of All Sizes
SBA Disaster Assistance – Field Operations Center- East – 101 Marietta Street, NW, Suite 700, Atlanta, GA 30303
Release Date: August 2, 2011
Contact: Michael Lampton
Release Number: 11-618, MA 12637/12638
SBA Urges Return of Applications Before Aug. 15
More Than $5 Million SBA Disaster Loans Approved in Massachusetts ATLANTA –
The U.S. Small Business Administration is urging survivors of Massachusetts affected by the recent storms and tornadoes to quickly return completed SBA low-interest disaster loan applications in order to be considered for all forms of assistance. Homeowners and renters who cannot afford a loan may be referred to FEMA for possible grant funds. The deadline for filing for physical damage is Aug. 15.
“There is a tendency for survivors to discard SBA disaster loan applications because they may not want a loan. However, they risk missing out on grants by not returning completed applications to SBA,”said Frank Skaggs, director, SBA Field Operations Center East, Atlanta.
The SBA has approved more than $5 million in Disaster Assistance Loans for residents and business owners in Massachusetts. “Currently, 106 home and business disaster loans have been approved in the amount of $5,298,700 for affected survivors,” Skaggs added. “We are pleased to be able to get these loans approved so residents and businesses in the disaster area can start to rebuild and resume their normal lives. With the August 15 deadline approaching, I encourage anyone who has not completed their disaster loan application to do so and return it as quickly as possible.”
Those affected by the disaster should register with Federal Emergency Management (FEMA) at1-800-621-FEMA (3362) or 800-462-7585 (TTY) for the hearing and speech impaired or register online at www.disasterassistance.gov.
More information about the disaster loans can be obtained by calling the SBA’s Customer Service Center at 800-659-2955 (800-877-8339 for people with speech or hearing disabilities)Monday through Friday from 8 a.m. to 6 p.m. ET or by sending an e-mail to firstname.lastname@example.org. Loan applications can be downloaded from www.sba.gov . Completed applications should be mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
Those affected by the disaster may also apply for disaster loans electronically from SBA’s website at disasterloan.sba.gov/ela/.
The deadline to return SBA applications for physical property damage is August 15, 2011. The deadline to return applications for economic injury is March 15, 2012.
For more information about the SBA’s Disaster Loan Program, visit our website at www.sba.gov.