WASHINGTON – April 11, 2011 – Residents and businesses affected by the severe storms, flooding and tornadoes on March 31 can apply for low-interest disaster loans from the U.S. Small Business Administration, SBA Administrator Karen G. Mills announced today.
Mills made the loans available in response to a letter from Florida Gov. Rick Scott on April 5, requesting a disaster declaration by the SBA. The declaration covers Hillsborough County and the adjacent counties of Hardee, Manatee, Pasco, Pinellas and Polk in Florida.
“Loans up to $200,000 are available to homeowners to repair or replace damaged or destroyed real estate,” says Frank Skaggs, director of SBA’s Field Operations Center East in Atlanta. Homeowners and renters are eligible for loans up to $40,000 to repair or replace damaged or destroyed personal property. SBA’s customer service representatives will be on hand at the Disaster Loan Outreach Center to answer questions about the disaster loan program, explain the process, issue and help individuals complete their applications.
The Centers will be located in the following communities:
Hillsborough County
Progress Village Recreation Center
8701 Progress Village Blvd.
Tampa, FL 33619-7201
Days: Tuesday, April 12 to Saturday, April 16
Hours: 10 a.m. to 7 p.m.
Pinellas County
Southwest Recreation Complex
13120 Vonn Road
Largo, FL 33774
Days: Tuesday, April 12 to Saturday, April 16
Hours: 10 a.m. to 7 p.m.
“Businesses and non-profit organizations of any size may borrow up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory, and other business assets,” says Francisco A. Marrero, SBA’s South Florida district director. The SBA may increase a loan up to 20 percent of the total amount of disaster damage to real estate and/or leasehold improvements, as verified by SBA, to make improvements that lessen the risk of property damage by future disasters of the same kind.
For small businesses, and most private non-profit organizations of all sizes, the SBA offers Economic Injury Disaster Loans (EIDLs) to help meet working capital needs caused by the disaster. EIDL assistance is available regardless of whether the business suffered any physical property damage.
Interest rates are as low as 2.563 percent for homeowners and renters, 3 percent for non-profit organizations and 4 percent for businesses with terms up to 30 years. Loan amounts and terms are set by the SBA and based on each applicant’s financial condition.
Individuals and businesses unable to visit the Center in person may obtain information on loan applications 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 e-mailing disastercustomerservice@sba.gov.
Business loan applications can also be downloaded from the SBA website at javascript:HandleLink('cpe_0_0','CPNEWWIN:NewWindow%5Etop=10,left=10,width=500,height=400,toolbar=1,location=1,directories=0,status=1,menubar=1,scrollbars=1,resizable=1@http://www.sba.gov');. Those affected by the disaster may apply for disaster loans from SBA’s secure website at javascript:HandleLink('cpe_0_0','CPNEWWIN:NewWindow%5Etop=10,left=10,width=500,height=400,toolbar=1,location=1,directories=0,status=1,menubar=1,scrollbars=1,resizable=1@https://disasterloan.sba.gov/ela/');. Completed applications should be returned to the Center or mailed to:
U.S. Small Business Administration, Processing and Disbursement Center
14925 Kingsport Road
Fort Worth, TX 76155.
The filing deadline to return applications for physical property damage is June 6, 2011. The deadline to return economic injury applications is Jan. 9, 2012.
© 2011 Florida Realtors®
Mills made the loans available in response to a letter from Florida Gov. Rick Scott on April 5, requesting a disaster declaration by the SBA. The declaration covers Hillsborough County and the adjacent counties of Hardee, Manatee, Pasco, Pinellas and Polk in Florida.
“Loans up to $200,000 are available to homeowners to repair or replace damaged or destroyed real estate,” says Frank Skaggs, director of SBA’s Field Operations Center East in Atlanta. Homeowners and renters are eligible for loans up to $40,000 to repair or replace damaged or destroyed personal property. SBA’s customer service representatives will be on hand at the Disaster Loan Outreach Center to answer questions about the disaster loan program, explain the process, issue and help individuals complete their applications.
The Centers will be located in the following communities:
Hillsborough County
Progress Village Recreation Center
8701 Progress Village Blvd.
Tampa, FL 33619-7201
Days: Tuesday, April 12 to Saturday, April 16
Hours: 10 a.m. to 7 p.m.
Pinellas County
Southwest Recreation Complex
13120 Vonn Road
Largo, FL 33774
Days: Tuesday, April 12 to Saturday, April 16
Hours: 10 a.m. to 7 p.m.
“Businesses and non-profit organizations of any size may borrow up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory, and other business assets,” says Francisco A. Marrero, SBA’s South Florida district director. The SBA may increase a loan up to 20 percent of the total amount of disaster damage to real estate and/or leasehold improvements, as verified by SBA, to make improvements that lessen the risk of property damage by future disasters of the same kind.
For small businesses, and most private non-profit organizations of all sizes, the SBA offers Economic Injury Disaster Loans (EIDLs) to help meet working capital needs caused by the disaster. EIDL assistance is available regardless of whether the business suffered any physical property damage.
Interest rates are as low as 2.563 percent for homeowners and renters, 3 percent for non-profit organizations and 4 percent for businesses with terms up to 30 years. Loan amounts and terms are set by the SBA and based on each applicant’s financial condition.
Individuals and businesses unable to visit the Center in person may obtain information on loan applications 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 e-mailing disastercustomerservice@sba.gov.
Business loan applications can also be downloaded from the SBA website at javascript:HandleLink('cpe_0_0','CPNEWWIN:NewWindow%5Etop=10,left=10,width=500,height=400,toolbar=1,location=1,directories=0,status=1,menubar=1,scrollbars=1,resizable=1@http://www.sba.gov');. Those affected by the disaster may apply for disaster loans from SBA’s secure website at javascript:HandleLink('cpe_0_0','CPNEWWIN:NewWindow%5Etop=10,left=10,width=500,height=400,toolbar=1,location=1,directories=0,status=1,menubar=1,scrollbars=1,resizable=1@https://disasterloan.sba.gov/ela/');. Completed applications should be returned to the Center or mailed to:
U.S. Small Business Administration, Processing and Disbursement Center
14925 Kingsport Road
Fort Worth, TX 76155.
The filing deadline to return applications for physical property damage is June 6, 2011. The deadline to return economic injury applications is Jan. 9, 2012.
© 2011 Florida Realtors®
No comments:
Post a Comment