The U.S. Small Business Administration reminds homeowners, renters, businesses and non-profit organizations of the deadline to submit disaster loan applications for damages due to heavy rain and flooding on Sept. 18, 2012. The deadline to apply for physical damage is Dec. 10, 2012.
Taking time to complete and return the disaster loan application to the SBA is an important part of the recovery process. All affected businesses, homeowners and renters, and non-profits in Sullivan County and the adjacent counties of Delaware, Orange and Ulster in New York; Pike and Wayne in Pennsylvania are encouraged to apply by the Dec. 10 deadline.
Interest rates are as low as 1.688 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.
Click here for more information.
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