WHY DISASTER SURVIVORS IN EASTERN OREGON SHOULD APPLY WITH THE SBA
[https://www.fema.gov/press-release/20210318/why-disaster-survivors-eastern-oregon-should-apply-sba]


Release Date: 
Tháng 5 14, 2020 

Salem, Oregon – If you sustained damage from the severe flooding in
Eastern Oregon February 5 – 9, 2020, you should apply for a
low-interest disaster loan from the U.S. Small Business Administration
(SBA). Disaster survivors who register for assistance with FEMA may be
eligible for grants to help pay for renting a place to live until your
home can be repaired, to pay for minor structural repairs, replace
essential personal property and/or pay for serious disaster-related
needs not covered by other programs.

But some survivors may have more significant damage and will need a
larger amount of money to help with their recovery. For those
situations, an SBA loan may be the best option. It’s important to
know that most FEMA survivors who apply for individual assistance also
will be referred to the SBA. If you get an SBA loan application, you
must complete and return it in order to maintain eligibility for
additional FEMA assistance and/or have access to funding or resources
from other entities. If SBA offers you a loan, you are not required to
take any or all the money. If you are offered a loan and decline it
because you only want a grant, you may exclude yourself from
consideration for additional assistance, such as that which is
available through FEMA’s Other Needs Assistance program.

SBA disaster loans are not just for businesses of all sizes.
Homeowners, renters and private nonprofit organizations can apply as
well.

Here are some facts to consider:

• Homeowners may qualify for low-interest disaster loans up to
$200,000 to repair or replace their primary residence. Homeowners and
renters may apply for up to $40,000 for personal property losses
(contents). Interest rates for homeowners and renters are as low as
1.563% with loans extending up to 30 years.

• Homeowners may be eligible for additional funds to pay for
mitigation improvements which include such measures as elevating
homes, building retaining walls, installing a sump pump and/or
relocating utilities.

• Homeowners also may be eligible for loans to assist with
relocation. For details, contact an SBA representative through the
Virtual Disaster Loan Outreach Center (VDLOC). To contact the VDLOC,
call (916) 735-1500. You may apply online at
https://disasterloanassistance.sba.gov.

• Business and nonprofits can apply for up to $2 million to repair
or replace disaster damaged real estate, machinery, equipment,
inventory and other business assets. Business loan rates are as low as
3.75%. The rate for private non-profits is 2.75%.

• You don’t have to wait for an insurance settlement before
applying. However, SBA is not permitted to duplicate benefits. Funds
from insurance, grants and other programs will be considered when
determining eligibility. Loan applicants should check with
agencies/organizations administering any grants or other assistance
programs under this disaster declaration to determine how an approval
of an SBA disaster loan might affect their eligibility.

• Home and business owners may be eligible for the refinancing of
existing liens or mortgages on homes, up to the amount of the loan for
real estate repair or replacement.

To be considered for all forms of disaster assistance, survivors
should register with FEMA at DisasterAssistance.gov, by mobile device
(www.fema.gov/mobile-app [http://www.fema.gov/mobile-app]) or call the
toll-free Helpline at 800-621-3362 for voice/711/video relay service.
Multilingual operators are available. Those using TTY can call
800-462-7585. The Helpline hours are: 7 a.m. to 10 p.m. CDT, seven
days a week.

Apply online at https://disasterloanassistance.sba.gov. For more
information on SBA, visit www.SBA.gov/disaster
[http://www.SBA.gov/disaster], call SBA’s Virtual Disaster Loan
Outreach Center at (916) 735-1500, or email FOCWassistance@sba.gov.
TTY users may call 800-877- 8339. The Outreach Center hours are
Mondays – Fridays, 8 am to 4:30 pm.