Release Date: August 12, 2008
Release Number: 1763-151
» More Information on Iowa Severe Storms, Tornadoes, and Flooding
DES MOINES, Iowa -- Business owners affected by the recent disaster may be unclear about the aid available, disaster officials said today.
SBA offers two kinds of loans:
The majority of SBA disaster loans are approved at low interest rates, typically around 3 percent for homeowners and renters and 4 percent for businesses. However, SBA applications are determined on a case-by-case basis. For information about SBA programs, applicants may call 1-800-659-2955 or TTY 1-800-877-8339.
The deadline to return SBA applications for property damage is Sept. 29, 2008.
The deadline to return economic injury loan applications is February 27, 2009.
FEMA coordinates the federal government's role in preparing for, preventing, mitigating the effects of, responding to, and recovering from all domestic disasters, whether natural or man-made, including acts of terror.
Last Modified: Wednesday, 13-Aug-2008 20:38:45