AK 15859-06 SBA Tops $20 Million in Disaster Assistance Loans
Director
"SBA's disaster assistance employees are committed to helping businesses and residents rebuild as quickly as possible," said Garfield. Businesses and residents in
SBA has customer service representatives available at the following Disaster Recovery Centers to provide one-on-one assistance to homeowners, renters and business disaster loan applicants.
Click here to view Table: https://www.sba.gov/offices/disaster/dfocw/resources/1638095
Businesses of all sizes and private nonprofit organizations may borrow up to
Disaster loans up to
For small businesses and most private nonprofit organizations of all sizes, SBA offers Economic Injury Disaster Loans to help meet working capital needs caused by the disaster. Economic injury assistance is available regardless of whether the business suffered any property damage. These economic injury disaster loans are available in Chugach REAA, Copper River REAA, Delta/Greely REAA, Denali Borough, Iditarod Area REAA,
Interest rates can be as low as 3.74 percent for businesses, 2.75 percent for private nonprofit organizations and 2 percent for homeowners and renters with terms up to 30 years. Loan amounts and terms are set by SBA and are based on each applicant's financial condition.
Applicants may apply online, receive additional disaster assistance information and download applications at https://disasterloan.sba.gov/ela. Applicants may also call
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