Hurricane Sandy and SBA Disaster Loan Program
Posted: January 18, 2013
According to the Governor’s Office of Recovery & Rebuilding, nearly 130,000 individuals—homeowners, property owners and renters—have registered with FEMA for assistance and have received an SBA disaster loan application, but only 15,300 applications have been returned so far. Furthermore, while 35,700 businesses have also registered with FEMA for assistance and have received an SBA disaster loan application, fewer than 2,500 applications have been received so far.
Those who have declined to submit an SBA disaster loan application for business or home repairs, or property replacement, may limit their ability to ultimately obtain grants and other assistance that may become available.
It is crucial that individuals and businesses register with FEMA to get their immediate needs met and to complete the SBA loan application so state officials can compile an accurate, comprehensive picture of the damage and to ensure that opportunities for future assistance remain open.
The deadine to apply for physical property damage loans from the U.S. Small Business Administration has been extended to May 1, 2013. There are several ways to apply:
- Apply online »
- Visit a Disaster Recovery Center (DRC). DRC Locator »
Not registered with FEMA yet? Register for assistance with FEMA online, via a smartphone at m.fema.gov, by telephone at 800.621.3362 or by TTY at 800.462.7585. The deadline to register for FEMA individual assistance has also been extended to Wednesday, May 1, 2013.