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SBA Disaster Loans Are Important To Your Full Recovery

After a disaster, a lot happens—some things more quickly than others. One thing that is consistent is there are a number of assistance programs that disaster survivors can apply for and there are insurance claims to be made.

You may first seek assistance from insurance. But you may find that insurance does not cover everything. Unfortunately, you may find this out months later when other options for funding, such as Small Business Administration disaster loans, may no longer be available.

Next to insurance, an SBA disaster loan may be the primary source for funds for home repairs and replacement of personal property following a disaster. You can get a loan of up to $200,000 before you settle with your insurance company and use the SBA money to fix your home. You can also borrow an additional $40,000 to help pay for things like furniture, clothes and vehicles that were damaged and not covered by homeowner’s or renter’s insurance.

There is another important reason to return your SBA application. In the event you return your application and you are denied an SBA home loan, you then might be eligible to receive other assistance from FEMA such as money to replace personal property. In most cases, you cannot receive this type of assistance from FEMA without being denied an SBA loan first.

But none of these options are available if you don’t return your SBA application. To take advantage of this help, you must get your loan application to the SBA by the March 1 deadline.

For additional information on SBA low-interest disaster loans, contact the SBA Disaster Assistance Customer Service Center by calling 800-659-2955 or TTY 800-877-8339, emailing [email protected] or visiting sba.gov. SBA customer service representatives are available at all disaster recovery centers throughout the state. Centers can be found online at fema.gov/DRC.

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About Edited by Susan Bainbridge

At age 6, Susan was destined to be a journalist and photographer.  In 1980, Susan founded Bainbridge News and The Bainbridge Chronicle Newspaper. Bainbridge News specializes in Military and National Politics, including Military Funerals and Burials and Political Funerals and Burials.  Susan has covered the White House, the Pentagon and Capitol Hill. She has covered every president from Ronald Reagan to Barack Obama. Recognized for her versatility, Susan has also covered finance, crime, civil rights events, marches, sports, musical events and more. In 1990, she established Bainbridge Photography, an On-Location photography company. In addition to military and political events, including Military and Political funerals and burials, Bainbridge Photography expanded into covering ALL funerals and burials, receptions, weddings, real estate, inventory, insurance, portrait, head shot, pets, fire and Hazmat.  Miss Bainbridge believes in going the extra mile. "My Clients always come first." In 1980, Susan began her career in Washington, D.C., working for WMZQ Radio as a reporter and guest hostess from 1980 to 1985. Intrigued by radio, Susan wanted to write, freelancing for radio, television and print newspapers, including AP, The Washington Post, The Washington Times, The Northern Virginia Sun, The Press-Republican and The Bainbridge Chronicle (established by Susan Bainbridge). In 1986, Susan worked at WDCA-TV Channel 20 as a guest hostess for "Eye On Washington." From 1990 to 1994, Susan reported and anchored for "The Arlington Weekly News." Additionally, she produced a segment for the G. Gordon Liddy Radio Show. A prolific writer, while in high school in 1977, Bainbridge wrote an episode for NBC's "Little House on The Prairie" entitled "Laura's Best Friend." Though the show's producers did not use the script then, NBC producers encouraged Susan to pursue a writing and journalism career. Susan is a member of the National Press Club, the National Press Photographer's Association and the Society of Professional Journalists. Susan Bainbridge's recognitions include from former Presidents Ronald Reagan, George Herbert Walker Bush and Bill Clinton, former First Lady Nancy Reagan, former British Prime Minister Margaret Thatcher, the late actor Lorne Greene, among many others. BAINBRIDGE NEWS was founded in 1980 by Susan Bainbridge (a sixth generation writer), a third generation journalist, a first generation photographer and a fourth generation entrepreneur. She is the first generation to establish a news business. Bainbridge News is dedicated in honor of Miss Bainbridge's late grandfather and idol, Mark S. Watson (The Baltimore Sun editor and war correspondent from 1920 to his death in 1966).

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