Superstorm Sandy Low Interest Recovery Loans – Update

Superstorm-Sandy-Damage

Superstorm Sandy Damage

The U.S. Small Business Administration, or SBA, has reopened the filing application period for home owners, renters, businesses of all sizes, and non-profit organizations in New Jersey affected by Superstorm Sandy to request disaster loan assistance to recover from the storm. The additional time offers another opportunity for anyone affected by the storm to request low-interest disaster Hurricane Sandy Damageloans to rebuild. The new deadline to submit an SBA disaster loan for physical damage and economic injury is December 1, 2016.

To be considered for financial assistance, you should complete an SBA disaster loan application. You can apply online at www.sba.gov/disaster , visit a recovery center near you, or call 800-659-2955. Rates are as low as 1.688% for home owners and renters, 3% for non-profits, and 4% for businesses, with repayment terms of up to 30 years.

If your application was previously approved, declined, or withdrawn and you need to recover, you should submit an application to the SBA to be considered for disaster loan assistance.



Important documents for your review (PDFs):

Superstorm Sandy SBA Details

SBA Opens Another Disaster Loan Outreach Center in New Jersey

U. S. Small Business Administration Disaster Loans – FACT SHEET

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