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Saturday deadline set for SBA disaster applications
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Posted on Aug 17 2004
The U.S. Small Business Administration will officially close its disaster office on Saipan at 1pm on Saturday, Aug. 21, so all disaster victims who have received an SBA application are urged to return it before that deadline.
The SBA disaster office, located in Susupe at the Pedro P. Tenorio Multi-Purpose Center on Beach Road, has been open since July 30 to provide one-on-one assistance to island residents and businesses that suffered losses from Typhoon Tingting.
According to SBA disaster area director Alfred E. Judd, the center will be open today, Aug. 17, until Friday, Aug. 20, from 8am to 12 noon, and 1pm to 5:30pm and on Saturday, Aug. 21, from 9am to 1pm.
“SBA’s loan officer will be available to answer specific questions about how a disaster loan from SBA may help each victim recover from the disaster, and provide one-on-one assistance in completing their loan application,” Judd said.
According to Judd, disaster loans of up to $200,000 are still available to homeowners to repair or replace damaged or destroyed real estate. Homeowners and renters are eligible for up to $40,000 to repair or replace damaged or destroyed personal property. Secondary homes are not eligible. However, rental properties may be eligible for business loan assistance.
Businesses of any size and private non-profit organizations may borrow up to $1.5 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory, and other business assets.
“Additionally, Economic Injury Disaster Loans of up to $1.5 million are available to small businesses only if they were adversely impacted financially by the disaster, even if they had no property damages,” Judd added.
Individuals and businesses unable to visit SBA’s disaster center may obtain information and loan applications by writing to SBA at P.O. Box 419004, Sacramento, CA 95841-9004, or by calling toll-free (800) 488-5323. Hearing impaired individuals may call (916) 735-1683.
Applications for property damage must be returned to be returned by April 20, 2005.
For more information visit SBA’s website at www.sba.gov/disaster.
