SBA disaster loans "not" just for businesses - WALB.com, Albany News, Weather, Sports

SBA disaster loans "not" just for businesses

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March 14, 2007

Americus-  The Small Business Administration doesn't want the word "Business" in their title to frighten away homeowners in need of storm clean up help.

The SBA Disaster Loan Program is the primary source of federal money for long term recovery assistance for both business and home owners. So far, the SBA has approved more than a half million dollars in disaster assistance for Georgians affected by the storms. The loans can help homeowners, renters, businesses, and nonprofit organizations rebuild. Once victims apply for FEMA assistance they should also fill out paperwork for an SBA loan. Even if they don't qualify, they might get more help from FEMA.

"That's why we really encourage people after they apply for FEMA to apply for the SBA loan because if they're not approved by the SBA they can get further help from FEMA," said Richard Daigle, SBA Public Information Officer.

The SBA also plans to open a Business Center with more help specifically geared toward business owners. That center will open Monday and operate Monday through Friday from 8:00 a.m. to 5:00 p.m. on the campus of South Georgia Technical College in the John Pope Center.

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