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SBA Reminds New York Disaster Victims Have Until October 2 to File Loan Application

SB Informer
Monday, September 25, 2006; 05:50 AM

The U.S. Small Business Administration (SBA) is reminding renters, homeowners, non-profit organizations and businesses they have until OCTOBER 2, 2006 to file disaster loan applications for physical damages from the severe storms and flooding that occurred June 26 through July 10, 2006.

SBA low-interest disaster loans are available to qualified renters, homeowners, non-profit organizations and businesses that suffered damage or losses due to the disaster. Interest rates can be as low as 2.937 percent for homeowners and renters and as low as 4.000 percent for businesses. Loan terms can be as long as 30 years. Actual loan amounts and terms are set by the SBA and are based on each applicant's financial condition.

New York residents, non-profit organizations, and business owners affected by storms and flooding have now received over $90 million in approved SBA disaster loans.

Anyone with disaster related damages should register first with FEMA by calling 1-800-621-FEMA (3362), then complete and return the SBA loan application. SBA Disaster Loan Outreach Centers throughout the New York declared area are ready to provide assistance.

SBA Disaster Loan Outreach Centers (DLOCs)
Conklin Town Hall
1071 Conklin Road
Conklin, NY 13748
Open: Monday-Friday from 9 a.m. - 6 p.m. Closes: Thursday, Oct. 5 at the close of business
Delaware County
Sidney Civic Center
21 Liberty Street
Sidney, NY 13838
Open: Monday-Friday 9 a.m. - 6 p.m. Close: Thursday, Oct. 5 at the close of business
Otego County
FEMA Mobile
Lowes (Parking Lot)
5283 State Highway 23
Oneonta, NY 13820
Open: Monday-Friday9 a.m. - 5 p.m. Closes: Monday, Oct. 2 at the close of business

Anyone unable to visit one of the Disaster Loan Outreach Centers may obtain an application by calling the SBA Customer Service Center at 1-800-659-2955 (1-800-877-8339 for the hearing impaired), Monday through Saturday from 8 a.m. - 9 p.m. EDT. Business loan applications can also be downloaded from the SBA website at http://www.sba.gov/disaster. Completed applications should be returned to one of the Disaster Loan Outreach Centers or mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Ft. Worth, TX. 76155.

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