Deadline Is March 1 for Sandy Disaster Loans
Officials urge owners and renters to apply now, even if they want to decide later
Homeowners, renters and businesses have until the end of this week to submit disaster loan applications. The loans can provide low-interest financing for repairing and replacing real estate and personal property damaged by Superstorm Sandy. The deadline to apply for these loans is midnight Friday, March 1. The loans are from U.S. Small Business Administration (SBA) but are not in any way limited to small businesses. (See attached PDF for a fact sheet on the program.) "Not everybody realizes that when they hear 'Small Business,' " said Karen Knapik, public affairs specialist for the U.S. SBA's Office of Disaster Assistance. The loans can provide homeowners up to $200,000 for repairs and reconstruction and up to $40,000 to replace personal …
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5:45 pm on Thursday, February 14, 2013
These Federal Programs are all wonderful if evenly appied. The Small Business Administration(SBA) is not doing this. If you are not a responsible individual and have less than the average fiscal stability, you are offered a 1.688% interest rate for your loan. If you are above the average you are offered a 3.375% interest rate. Why? I do not live in the urban squal of the inner city and worked … more ›