SBA Approves Over $10 Million in Disaster Loans in Florida

ATLANTA, Aug. 8, 2012 /PRNewswire-USNewswire/ -- The U.S. Small Business Administration has approved more than $10 million in Disaster Assistance Loans for residents and businesses in Florida affected by Tropical Storm Debby. 

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"Currently, 278 disaster loans have been approved in the amount of $10,248,300 for affected survivors," said Frank Skaggs, director of SBA's Field Operations Center East in Atlanta.  "We are pleased to get these loans approved so that the residents and businesses in the disaster area can start to rebuild and resume their normal lives. I encourage anyone who has not completed their disaster loan application to do so and return it as quickly as possible." 

Interest rates are as low as 1.938 percent for homeowners and renters, 3 percent for non-profit organizations and 4 percent for businesses with terms up to 30 years.  The SBA sets the loan amounts and terms based on each applicant's financial condition.

Applicants may apply online using the Electronic Loan Application (ELA) via SBA's secure website at https://disasterloan.sba.gov/ela/.

Disaster loan information and application forms may also be obtained by calling the SBA's 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].  Loan applications can be downloaded from www.sba.gov.  Completed applications should be mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155. 

The deadline to return SBA applications for physical property damage is September 4, 2012.  The deadline to return applications for economic injury is April 3, 2013.

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

Contact: Kathy Cook
Phone: 404-331-0333

Release Number: 12-724, FL 13103/13104

SOURCE U.S. Small Business Administration

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