Nearly 20,000 SBA Loan Applications Yet to be Returned; November 23 is Deadline to Apply for Physical Damage

Posted on: Wed, 18 Nov 2009 12:19:00 EST


Symbols: SBCOE
ATLANTA, Nov 18, 2009 (BUSINESS WIRE) --
SBCOE | Quote | Chart | News | PowerRating -- With only a few days remaining before the November 23, application
deadline for physical disaster loans, the U.S. Small Business
Administration (SBA) announces that it has approved 1,085
disaster loans for $40,361,300 to Georgia homeowners, renters,
businesses and non-profit organizations affected by the September 2009
severe storms and flooding.

"We want to thank all of our federal, state and local partners, as well
as the volunteer organizations and individuals that helped the SBA to
provide financial assistance to the victims," said Frank Skaggs,
director of SBA's Field Operations Center East.

"However, there are nearly 20,000 people who have not returned their SBA
loan applications. These individuals have until November 23 to return
completed applications for physical damage to the SBA. Homeowners or
renters who do not qualify for a disaster loan may be referred to FEMA
for grant consideration.

Interest rates are as low as 2.750 percent for homeowners and renters
and 4 percent for businesses with terms up to 30 years. The SBA sets
loan amounts and terms based on each applicant's financial condition.
These loans are for uninsured or uncompensated losses up to SBA's loan
limits.

All Disaster Loan Outreach Centers and Business Recovery Centers in
the disaster area will cease operations at the close of business Monday,
November 23. Victims in the following counties in Georgia are
eligible to apply for SBA's physical disaster loans: Bartow, Carroll,
Catoosa, Chattooga, Cherokee, Cobb, Coweta, DeKalb, Douglas, Fulton,
Gwinnett, Heard, Newton, Paulding, Rockdale, Stephens and Walker.


SBA Center locations and hours of operation are as follows:
Disaster Loan Outreach Centers
Cherokee County Cobb County DeKalb County
Cherokee County Parks & Recreation Gym The Threadmill Browns Mill Recreation Center
7545 Main Street, Building 200 5000 Austell/Powder Springs Rd, Suite 120 5101 Browns Mill Road
Woodstock, GA 30188 Austell, GA 30106 Lithonia, GA 30058
Open: Mon-Fri; 9 a.m. to 6 p.m. Open: Mon-Fri; 8 a.m. to 5 p.m. Open: Mon-Fri; 8 a.m. to 5 p.m.
Douglas County Fulton County Gwinnett County
Old Douglas County Court House Fulton County Government Center Mountain Park Depot
6754 Broad Street 141 Pryor Street SW 5050 Five Forks Trickum Rd.
Douglasville, GA 30134 Atlanta, GA 30303 Lilburn, GA 30047
Open: Mon-Fri; 8 a.m. to 5 p.m. Open: Mon-Fri; 8 a.m. to 5 p.m. Open: Mon-Fri; 8 a.m. to 5 p.m.
SBA Business Recovery Centers
Cobb County Douglas County Fulton County
Powder Springs Library Douglas County Chamber of Commerce Government Service Center
4181 Atlanta Street - Bldg. 1 6658 Church Street 7741 Roswell Road
Powder Springs, GA 30127 Douglasville, GA 30134 Atlanta, GA 30350
Open: Mon-Fri; 9 a.m. to 5:30 p.m. Open: Mon-Fri; 9 a.m. to 5 p.m. Open: Mon-Fri; 8:30 a.m. to 5 p.m.

Anyone unable to visit one of the Centers may obtain information and
loan applications by calling the SBA's Customer Service Center at
1-800-659-2955 (or 1-800-877-8339 for the hearing impaired) Monday
through Friday, 8 a.m. to 9 p.m. EST, or by sending an email to disastercustomerservice@sba.gov.
Business loan applications may be downloaded from www.sba.gov/services/disasterassistance.
Applications may be returned to any of the Centers or mailed to: U.S.
Small Business Administration, Processing and Disbursement Center, 14925
Kingsport Road, Fort Worth, Texas, 76155.

Georgia disaster victims may visit SBA's secure Web site at https://disasterloan.sba.gov/ela/
to apply for disaster loans.

The filing deadline to return applications for physical property damage
is November 23, 2009. The
deadline to return economic injury applications is June
24, 2010.

For more information about the SBA's Disaster Loan Programs, visit
our Web site at www.sba.gov/services/disasterassistance.

Release Number: 10-087, GA 11886/11887

SOURCE: U.S. Small Business Administration (SBA)


U.S. Small Business Administration (SBA)
Mark Ihenacho, (404) 331-0333

For full details on (SBCOE) SBCOE. (SBCOE) has Short Term PowerRatings at TradingMarkets. Details on (SBCOE) Short Term PowerRatings is available at This Link.

UPCOMING EVENTS
Learn new strategies, how to trade in this market, and the stocks you should be focusing on each day. Join us for our free 20 minute tele-seminars during the week.
Thursday February 11 04:30 PM
* Attendance is strictly limited and are filled on a first-come, first-served basis.