Prompt Return Of SBA Applications Speeds Aid 

Release Date: October 13, 2003
Release Number: 1491-63

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RICHMOND, VA -- Virginians who have applied for disaster assistance and received U.S. Small Business Administration (SBA) forms are encouraged to complete and return them to SBA as soon as possible.

Many who register for assistance will receive an SBA loan application in the mail after registering. Completing the application is a required step in obtaining some types of disaster assistance.

"If an applicant is referred to the SBA, we need to complete that part of the process before we can look at other aid options," said Federal Coordinating David Fukutomi. "Filling out an SBA application does not guarantee that an applicant will be approved for a loan, nor does it mean that they must accept the loan."

SBA loans are the largest source of disaster funds for making substantial repairs or rebuilding damaged structures to their pre-disaster condition. Actual loan amounts and terms are set by the SBA and are based on each applicant's financial condition. The low-interest disaster loans are available to homeowners, renters and businesses of all sizes.

For those who need help in filling out their SBA application, SBA loan officers can provide face-to-face help in completing the forms at any of the Disaster Recovery Centers open in the disaster-affected areas.

Those who have questions about their SBA application can call 1-800-659-2955 or find SBA information on their website at www.sba.gov.

On March 1, 2003, FEMA became part of the U.S. Department of Homeland Security. FEMA's continuing mission within the new department is to lead the effort to prepare the nation for all hazards and effectively manage federal response and recovery efforts following any national incident. FEMA also initiates proactive mitigation activities, trains first responders, and manages Citizen Corps, the National Flood Insurance Program and the U.S. Fire Administration.

Last Modified: Tuesday, 14-Oct-2003 08:25:35