Over $55 Million SBA Disaster Loans Approved in New Jersey

SBA Extends Deadline to Return Applications

ATLANTA, Oct. 25, 2011 /PRNewswire-USNewswire/ -- The U. S. Small Business Administration has approved over $55 million in Disaster Assistance Loans for residents and business owners in New Jersey affected by Hurricane Irene. The deadline to return applications for physical damage has been extended to Nov. 30, 2011.

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"Currently, 1,319 home and business disaster loans have been approved in the amount of $55,307,600 for affected survivors," said Frank Skaggs, director of SBA's Field Operations Center East in Atlanta.  "We are pleased to be able to get these loans approved so residents and businesses in the disaster area can continue to rebuild and resume their normal lives."  With the extended deadline, SBA encourages anyone who has not completed their disaster loan application to do so and return it as quickly as possible.

In addition to the Disaster Recovery Centers located throughout the impacted area, business owners can visit any of the Business Recovery Centers indicated below for one-on-one assistance:

Bergen County
SBDC at Bergen County Community College
355 Main Street
Hackensack, NJ 07601
Hours:   Mon-Fri; 9 a.m. to 5 p.m.

Morris County
Denville Municipal Building
1 Saint Mary's Place
Denville, NJ 07834
Hours:    Mon-Fri; 8 a.m. to 5 p.m.

Monmouth County
Monmouth County OEM
300 Halls Mills Road
Freehold, NJ 07728
Hours:  Mon-Fri; 8:30 a.m. to 5:30 p.m.

Passaic County
Woodland Park Municipal Building
Community Room
5 Brophy Lane
Woodland Park, NJ 07424
Hours:  Mon-Fri; 8:30 a.m. to 5 p.m.

Union County
SBDC at Kean University (Incubator)
320 Park Avenue
Plainfield, NJ 07060
Hours:  Mon-Fri; 9 a.m. to 6 p.m.

To be considered for all forms of disaster assistance, call the Federal Emergency Management Agency (FEMA) at 800-621-FEMA (3362), (TTY) 800-462-7585 for the deaf and hard-of-hearing. Additional details on the locations of Disaster Recovery Centers and the loan application process can be obtained by calling the SBA Customer Service Center at 800-659-2955 (800-877-8339 for the deaf and hard-of-hearing) or by sending an email to [email protected].  

Those affected by the disaster may also apply for disaster loans electronically from SBA's website at https://disasterloan.sba.gov/ela/.

The deadline to return SBA applications for physical property damage is November 30, 2011.   The deadline to return applications for economic injury is May 31, 2012.

For more information about the SBA's Disaster Loan Programs, visit our website at www.sba.gov.        

Contact: Michael Lampton
Phone:  404-331-0333

SOURCE U.S. Small Business Administration

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