$118 Million Approved For Disaster Assistance Loans, SBA Deadline Extended

The U.S. Small Business Administration announced the approval of $118 million in Disaster Assistance Loans for businesses and residents affected by Superstorm Sandy. The SBA also extended the filing deadline for physical property damage to January 28, 2013, and the deadline for economic injury applications to July 31, 2013.

In a press release, Frank Skaggs, director of the SBA’s Field Operations Center East, said that, “Currently, 1,945 disaster loans have been approved in the amount of $118,791,500 for affected survivors,” and that, “We are pleased to get these loans approved so residents in the disaster area can start to rebuild and resume their normal lives. I encourage anyone who has not completed their disaster loan application to do so and return it as quickly as possible.”

Those looking to apply, can visit the SBA’s secure website. For further information and additional details on the loan application process and the location of recovery centers, call the SBA Customer Service Center at 800-659-2955 (800-877-8339 for the deaf and hard-of-hearing) or send an email to disastercustomerservice@sba.gov.