SBA deadline for physical damage disaster loans Oct. 26, 3 towns added to list
The U.S. Small Business Administration this week reminded eligible private nonprofit organizations of the Oct. 26 deadline to submit disaster loan applications for damages caused by Hurricane Irene on Aug. 21-24, 2011. The agency also added Loíza, Peñuelas and San Juan to the eligibility list.
Eligible private nonprofit’s — food kitchens, homeless shelters, museums, libraries, community centers and colleges — in Adjuntas, Aguada, Aguas Buenas, Aibonito, Anasco, Arecibo, Arroyo, Barranquitas, Bayamon, Caguas, Canovanas, Carolina, Catano, Cayey, Ceiba, Ciales, Cidra, Coamo, Comerio, Corozal, Culebra, Fajardo, Guayama, Guaynabo, Gurabo, Humacao, Jayuya, Juana Diaz, Juncos, Loíza, Las Marías, Las Piedras, Luquillo, Maricao, Maunabo Morovis, Naguabo, Naranjito, Peñuelas, Orocovis, Rincón, Río Grande, Sabana Grande, Salinas, San Juan, San Lorenzo, Santa Isabel, Trujillo Alto, Utuado, Vega Baja, Vieques, Villalba, Yabucoa and Yauco may borrow up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory and other business assets, the agency said.
The SBA may increase a loan up to 20 percent of the total amount of disaster if it confirms that damage is greater. Interest rates are as low as 3 percent with terms up to 30 years.
Disaster loan information may be obtained by calling the SBA’s Disaster Assistance Customer Service Center at 800-659-2955 (800-877-8339 for the deaf and hard-of-hearing) Monday through Friday from 8 a.m. to 8 p.m., and Saturday and Sunday from 9 a.m. to 5:30 p.m., or by sending an email to email@example.com. Applications can also 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.