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Many residents who register for disaster assistance with the Federal Emergency Management Agency (FEMA) will be referred to SBA for assistance in the form of a low-interest disaster loan. SBA is the federal government's primary source of money forthe long-term repair or rebuilding of disaster-damaged private property that is not fully covered by insurance.
"It is important that those who receive an SBA application fill it out and return it as quickly as possible, even if they are not interested in a loan," said Federal Coordinating Officer Michael Karl. "Individuals who do not qualify forSBA loans may be referred to other available disaster aid programs and filing an application doesn't obligate anyone to accept a loan."
Completing the SBA loan application is a crucial step in the recovery process and may determine eligibility for other types of disaster assistance including FEMA grants.
SBA offers disaster loans up to $200,000 to homeowners to repair or replace their damaged or destroyed structure (real property). Also, homeowners as well as renters are eligible to borrow up to $40,000 for the repair or replacement of their personalproperty (home contents). Interest rates can be as low as 2.687 percent for homeowners and renters and maximum terms can be for as long as 30 years.
If you receive an SBA loan application and need help filling it out, you can meet with an SBA Customer Service Representative at any one of the four Disaster Recovery Centers (DRCs) that are open throughout the affected areas and listed at the end ofthis release. These representatives are on hand to answer questions about SBA's disaster loan program, explain the application process, and help each individual complete their application. If you cannot visit a DRC and need help, you can call SBA at
1-800-659-2955 or get additional information online at www.sba.gov/services/disasterassistance.
CLARK COUNTY
Clark County Middle School
384 N. Jefferson
Kahoka, MO 63445
LINCOLN COUNTY
Winfield-Foley Fire Department
2663 E. Hwy 47
Winfield, MO 63389
MARION COUNTY
Chapel Hill Professional Building
109 Virginia Street
Hannibal, MO 63401
PIKE COUNTY
Clarksville Visitors Center
204 N. 2nd Street
Clarksville, MO 63336
All centers are open 8 a.m. to 7 p.m. Monday-Saturday and closed on Sundays.
FEMA coordinates the federal government's role in preparing for, preventing, mitigating the effects of, responding to, and recovering from all domestic disasters, whether natural or man-made, including acts of terror.
FEMA, 500 C Street SW, Washington, D.C. 20472; Disaster Assistance: (800) 621-FEMA
Release Number: 1773-027
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