For businesses and residents, the last day to file an application for physical property damage is
These loans, despite being issued by the SBA, help homeowners, renters, businesses and most private non-profit organizations. So far, the organization has approved 661 disaster loans in the amount of
"We are pleased to get these loans approved so residents in the disaster area can start to rebuild and resume their normal lives," said
By most recent data counts, the only county near
Disaster loans cover uninsured insurance losses from the disaster. Interest rates, according to the SBA, are as low as 4 percent for businesses, 2.65 percent for private nonprofit organizations, and 1.56 percent for homeowners and renters. Loans can be up to 30 years, and are capped at
The SBA assesses damage based on the type of damage and the type of building damaged. Camp says this mainly looks at square footage and quality of structure.
"The whole purpose of an SBA loan is to make you whole," he said. "We are basically trying to put people back to where they were before the storm."
The SBA stresses to business owners and residents not to wait on insurance to apply for a loan.
To be considered for all forms of disaster assistance, applicants should register online at www.disasterassistance.gov -- or download the
Loan applications can be downloaded from www.sba.gov/disaster. Completed applications can be returned to a recovery center or mailed to:
Applicants can also apply online using the Electronic Loan Application at https://disasterloan.sba.gov/ela.
The filing deadline for property damage is
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