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Deadline set for storm-assistance loans as local center will close

Published 3:29 pm, Wednesday, February 6, 2013
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The deadline for applying for a Small Business Administration loan to deal with damages left in the wake of Superstorm Sandy is next Tuesday, and the local Disaster Loan Outreach Center, located at the Fairfield Senior Center, will close at the end of business Feb. 28.

Businesses, homeowners, renters and non-profits seeking assistance for storm recovery should visit the center for one-on-one help before it closes, according to town officials. The office hours for the center, located at 100 Mona Terrace, is 9 a.m. to 5 p.m., Monday through Friday. The center will remain open through Feb. 28 to process loan closings and give guidance for pending applications.

But anyone registering for disaster assistance from either the SBA or the Federal Emergency Management Agency must do so by Tuesday, Feb. 12.

Residents may also apply online using the electronic loan application via SBA's secure website -- http://disasterloan.sba.gov/ela. Interest rates are as low as 1.688 percent for homeowners and renters, 3 percent for non-profits and 4 percent for businesses with terms up to 30 years. The SBA sets the loan amounts and terms based on each applicant's financial status.

Loan information and application forms can also be obtained by calling 1-800-659-2955 or by emailing disastercustomerservice@sba.gov. Loan applications can also be downloaded from www.sba.gov, and completed applications should be mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.

So far, more than 12,000 Connecticut residents have registered for state and federal assistance and more than $41.5 million in assistance has been approved. Of that total, nearly $30 million is in low-interest loans from the SBA.

To file with FEMA, residents can go online at www.disasterassistance.gov or call 1-800-621-3362.