January 24, 2013

State of Alabama
Press Release: Alabama Department of Commerce

SBA Reps in Troy Through Saturday Taking Applications for Disaster Home Loans

January 23, 2013

TROY, Alabama -- U.S. Small Business Administration officials will be in Troy through Saturday to assist those affected by the Christmas tornadoes.

The representatives are in the city to assist residents in obtaining low-interest disaster loans, according to SBA.

Most loan requesting coming into SBA's temporary disaster relief office in Troy have been home disaster loans.

Gov. Robert Bentley requested a disaster declaration by the SBA on Jan. 4. The declaration covers the Mobile and Pike counties and the adjacent counties of Baldwin, Barbour, Bullock, Coffee, Crenshaw, Dale, Montgomery and Washington in Alabama; George, Greene and Jackson in Mississippi.

"The SBA is strongly committed to providing the people of Alabama with the most effective and customer-focused response possible to assist homeowners, renters, and businesses of all sizes with federal disaster loans," said SBA Administrator Karen Mills. "Getting businesses and communities up and running after a disaster is our highest priority at SBA."

"Loans up to $200,000 are available to homeowners to repair or replace damaged or destroyed real estate. Homeowners and renters are eligible for loans up to $40,000 to repair or replace damaged or destroyed personal property," said Frank Skaggs, director of SBA's Field Operations Center East in Atlanta. SBA's customer service representatives are on hand at the Disaster Loan Outreach Centers to issue applications and assist survivors with completing their applications."

The SBA will be at the Troy Public Library at 500 East Walnut St. until Saturday at 3 p.m. The office will be open through Friday from 9 a.m.-5 p.m. each day.

The filing deadline to return applications for physical property damage is March 11, 2013. The deadline to return economic injury applications is October 10, 2013.

Applicants may also apply online using the Electronic Loan Application (ELA) via SBA's secure website at https://disasterloan.sba.gov/ela.

Individuals and businesses unable to visit the Center may obtain information and loan applications by calling the SBA's Customer Service Center at 1-800-659-2955 (1-800-877-8339 for the deaf and hard-of-hearing), or by sending an email to disastercustomerservice@sba.gov.

Loan applications can also be downloaded from the SBA's website at www.sba.gov. Completed applications should be returned to the Center or mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.

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