Not a Small Business? Contact the SBA anyway
posted over 1 year ago by lizaloop from LO*OP Center, Inc.
SBA is not just for commercial businesses. Disaster assistance loans are designed to provide recovery capital to businesses of all sizes, most private nonprofit organizations, as well as homeowners and renters, for their losses that are not fully covered by insurance or other compensation.
You may be eligible for a Home Disaster Loan – Loans to homeowners or renters to repair or replace disaster-damaged real estate and personal property, including automobiles. There is a limit of $40,000 to repair or replace personal property. Subject to these maximums, loan amounts cannot exceed the verified uninsured disaster loss.
Ineligible Property – Secondary homes, personal pleasure boats, airplanes, recreational vehicles and similar property are not eligible, unless used for business purposes. Property such as antiques and collections are eligible only to the extent of their functional value. Amounts for landscaping, swimming pools, etc., are limited.
Loan applicants should check with agencies / organizations administering any grant or other assistance program under this declaration to determine how an approval of SBA disaster loan might affect their eligibility.
You may use your SBA disaster loan to relocate. The amount of the relocation loan depends on whether you relocate voluntarily or involuntarily. If you are interested in relocation, an SBA representative can provide you with more details on your specific situation.
Applicants may apply online, receive additional disaster assistance information and download applications at https://disasterloan.sba.gov/ela. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email email@example.com for more information on SBA disaster assistance. Individuals who are deaf or hard-of-hearing may call (800) 877-8339. Completed applications should be mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
See https://buttecountyrecovers.org/sba/ for more information.
Post a new comment
News by topic
Other recent news
**State-funded Disaster Relief Assistance to undocumented adults who are ineligible for other forms of assistance**
Forwarded on behalf of California Human Development. Please help to spread the word, this assistance…
You can still get a Free Mattress and Foundation from Living Spaces with a FEMA number or insurance award letter
If you or your family lost your home to the recent fires in California, Living…
Red Cross Grants
The Red Cross has begun a second phase of financial…