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Application Deadline for Jan 10 and 13, 2024 Storms

Event Date: 
Monday, May 20, 2024 (All day)

APPLICATION DEADLINE

This is a reminder that May 20, 2024 is the deadline for homeowners, renters, businesses, and non-profit organizations in the primary counties that were declared a disaster, to apply for a low interest rate business or home physical disaster loan as the result of the storms and flooding that occurred on January 9 to 13, 2024. Please share this information with the community online and on social media.

A business or non-profit organization can apply for a business physical disaster loan for its disaster-damaged real estate, furniture, equipment, supplies, machinery, inventory, etc. A homeowner or someone who rents their home can apply for a loan for their disaster-damaged property including real estate, furniture, clothing, automobiles, etc.

The interest rates are as low as:

Homeowner or renter                  2.688%
Businesses                                      4.000%
Non-Profits organizations            3.250%
 

Loan features to aid in the recovery:

No loan application fee;
Interest does not accrue on the loan during the first year;
First payment is not due on the loan for a period of one year;
Do not have to wait to receive an insurance settlement to apply for a loan;
Loan terms are up to 30 years; and
See attached Fact Sheet for more SBA Disaster Loan information.

 

Apply online at: https://lending.sba.gov or apply in person at a Business or Disaster Recovery Center (see attached location list). You may call the SBA with questions at 1-800-659-2955 or at 711 if hearing or speech impaired.