The deadline for disaster loans related to the damage caused by Hurricane Zeta is Feb. 8, says the U.S. Small Business Administration, which encourages those affected to apply.
According to a news release, the SBA has approved 78 low-interest disaster loans totaling $2,030,400 for those who were affected by the hurricane that caused extensive damage in Dallas County and elsewhere.
In addition to Dallas County, the loans cover Autauga, Baldwin, Bibb, Butler, Chilton, Choctaw, Greene, Hale, Lowndes, Monroe and Sumter.
Due to the current COVID-19 situation, the SBA will not be setting up a field presence to take applications from survivors. However, the SBA has opened a Virtual Disaster Loan Outreach Center and Business Recovery Center for survivors to apply online using the Electronic Loan Application on DisasterLoan.sba.gov.
The Virtual Disaster Loan Outreach Center and Business Recovery Center is open seven days a week from 8 a.m. to 8 p.m.
To schedule an appointment for assistance in applying, call Disaster Assistance Professionals at (800) 659-2955 or email at FOCE-Help@sba.gov.
As reported in the previous story, survivors are eligible for the following:
- Businesses and private nonprofit organizations of any size may borrow up to $2 million to repair or replace disaster damaged or destroyed real estate, machinery and equipment, inventory, and other business assets.
- Homeowners may borrow up to $200,000 to repair or replace disaster damaged or destroyed real estate.
- Homeowners and renters are eligible up to $40,000 to repair or replace damaged or destroyed personal property
Loan applications can be downloaded at sba.gov/disaster. Applications can be mailed to the U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
To obtain information and loan applications by phone, call 1-800-659-2955 or email DisasterCustomerService@sba.gov. For the deaf and hard of hearing call 1-800-877-8339 for assistance.
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