SBA Disaster Assistance Loans Key to Continuing Recovery Process
Disaster survivors in
Next to insurance, an SBA low-interest disaster loan is the primary source of funds for real estate property repairs and for replacing contents destroyed as related to Hurricane Florence.
* Survivors who register with
* Homeowners and renters who submit an SBA application and are not approved for a loan may be considered for certain other
* Survivors don't have to accept the loan.
* Survivors can submit SBA disaster loan applications in several ways: online at disasterloan.sba.gov/ela/; at any Disaster Recovery Center; or any SBA Business Recovery Centers (BRC); or by mail.
* SBA Business Recovery Centers (BRCs) help businesses get back on their feet from damage they sustained during the storms. The BRCs are a resource where businesses can meet face-to-face with SBA representatives. Survivors may locate open BRCs near them by calling the
* To find recovery center locations, visit www.fema.gov/DRC. Survivors also may call the Disaster Assistance Helpline at 800-621-3362, (TTY) 800-462-7585 for assistance. Helpline numbers are open from
* SBA has staff at all recovery centers to provide one-on-one assistance to homeowners, renters and businesses of all sizes.
* Do not wait for an insurance settlement before submitting an SBA loan application. The loan balance will be reduced by any insurance settlement. SBA loans may be available for losses not covered by insurance or other sources.
*
* Homeowners may be eligible for SBA home disaster loans up to
* An SBA loan may help fund repair of a flooded basement that
* SBA may be able to help homeowners and renters with up to
* SBA also can help businesses of all sizes and private nonprofit organizations with up to
* Applicants may be eligible for a loan amount increase up to 20 percent of their physical damage, as verified by the SBA, for mitigation purposes. Eligible mitigation improvements may include a safe room or storm shelter to help protect property and occupants from future damage caused by a similar disaster.
If you have not registered with
* You can register online at www.DisasterAssistance.gov, or by telephone at 800-621-3362 or (TTY) 800-462-7585.
* If you use 711-Relay or Video Relay Services, you should call 800-621-3362.
* Operators are multilingual, and calls are answered from
For more information on Hurricane Florence and the
FEMA Releases PrepTalk on the Value of Insurance
Florence Survivors Who Received HUD Assistance May Be Eligible For FEMA Help
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