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Don’t Delay Your Disaster Recovery: Submit Your SBA Loan Application

Don’t Delay Your Disaster Recovery: Submit Your SBA Loan Application

San Juan, Puerto Rico — The U.S. Smaller Business enterprise Administration (SBA) personal loan software may be a resource of additional assistance for Puerto Rico people who used for FEMA guidance just after Hurricane Fiona.

SBA lower-interest disaster loans are meant for far more than just companies. An applicant who is referred to the SBA throughout the first FEMA application process need to entire an SBA loan software. Submitting a financial loan application retains the whole range of catastrophe help readily available as an solution. No a person is obligated to accept a mortgage.

The federal funding system stops for those people referred to the SBA who opt for not to apply. If you use and are not eligible for a bank loan, this might open up the door to more grant cash, these kinds of as support to switch important household merchandise, switch or fix a weakened automobile, address storage charges or satisfy other catastrophe-relevant wants.

Good reasons to full the SBA software, even if you assume you don’t currently need to have a personal loan:

  • SBA may bridge the gap of recovery expenses not lined by FEMA grants or insurance policies settlements.

  • The financial loans are personalized to your personal fiscal situation. On a situation-by-case basis, the SBA may possibly be ready to support with refinancing your latest home loan(s).

  • Property owners may well be qualified for a disaster mortgage up to $200,000 for home repairs, and house owners and renters may well acquire up to $40,000 to swap critical particular home, including automobiles destroyed or wrecked in the disaster.

  • Small business entrepreneurs could also uncover recovery assistance via financial loans to fix or change disaster-harmed small business assets and economic damage financial loans to satisfy their regular and needed monetary obligations that cannot be met as a immediate consequence of the disaster.

For one particular-on-just one aid finishing an SBA software or to get your loan software inquiries answered, pay a visit to a Organization Restoration Centre (BRC) in the municipalities of Arecibo, Barranquitas, Caguas, Fajardo, Mayagüez, Ponce and Yabucoa.

BRC places:

  • Inter-American College of Puerto Rico-Arecibo, Carretera #2, km. 80.4, Barrio San Daniel, Sector Las Canelas, Arecibo, PR 00612

  • Inter-American College of Puerto Rico, Barranquitas Regional University, Games Place in the Multipurpose Heart Constructing, Highway 156, Intersection 719, Bo, Helechal, Barranquitas, PR 00794

  • Centro de Gobierno Municipal, Calle Alejandro Tapia y Rivera, Caguas, PR 00725

  • Inter-American University of Puerto Rico, Parque Batey Central, C. Unión, Fajardo, PR 00738

  • Women’s Business enterprise Middle, Villa Capitán II Setting up, Suite 204, 828 Hostos Avenue (Social gathering City Heights), Mayagüez, PR 00682

  • Universidad Interamericana de Puerto Rico, Recinto de Ponce, 104 Turpeaux Ind Park, Place 107, Mercedita, Ponce, PR 00715

  • Biblioteca Municipal de Yabucoa, 3 CII Catalina Morales, Yabucoa, PR 00767

For more details email [email protected] or call 1-800-659-2955. Men and women who are deaf or difficult-of-listening to, or have a speech disability, please dial 7-1-1 to obtain telecommunications relay providers. Learn a lot more about the SBA loans out there for individuals and companies following a catastrophe, by checking out  Loan apps can also be downloaded from Completed purposes should really be mailed to: U.S. Tiny Small business Administration, Processing and Disbursement Centre, 14925 Kingsport Highway, Fort Truly worth, TX 76155.  

You can also take a look at any open FEMA Catastrophe Restoration Heart. Associates from the U.S. Small Business Administration (SBA) are on hand at the DRCs to deliver application info and describe how to apply for SBA’s reduced-interest disaster financial loans for owners, organizations, private nonprofits and renters, and offer details about repairs and rebuilding to make households additional disaster resistant. Discover your closest DRC by checking out