FEMA Disaster Assistance Recovery Process

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A Disaster Survivor Assistance Team and a Small Business Association Disaster Assistance Team will be at the Newcastle Town Office (4 Pump St, Newcastle) April 25-26. Homeowners, renters, businesses, and non-profit organizations who have yet to apply, who live in Cumberland, Hancock, Knox, Lincoln, Sagadahoc, Waldo, Washington, or York counties, and who suffered damage from the severe storms and flooding that took place January 9-13 can apply for FEMA assistance. You can go online to DisasterAssistance.gov, download the FEMA App for mobile devices, or call toll-free 800-621-3362; no appointments are necessary – just stop by anytime during the hours of 9 am to 5 pm.

 

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.