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Date 07/05/2011 U* S* SMALL BUSINESS ADMINISTRATION FACT SHEET - DISASTER LOANS TEXAS Declaration 12669/12670 Disaster TX-00378 Incident DYER MILLS FIRE occurring June 19 through June 26 2011 in Grimes County Texas and the contiguous Texas counties of Brazos Madison Montgomery Walker Waller Washington Application Filing Deadlines Physical Damage September 6 2011 Economic Injury April 5 2012 Whether you rent or own your own home own your own business or own a small agricultural cooperative...
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How to fill out disaster loans fact sheet
How to fill out Disaster Loans Fact Sheet
01
Step 1: Gather necessary documentation, including identification and financial information.
02
Step 2: Locate the Disaster Loans Fact Sheet on the appropriate governmental website or agency portal.
03
Step 3: Carefully read the instructions provided on the Fact Sheet.
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Step 4: Fill out personal information sections including name, address, and contact details.
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Step 5: Complete the financial information section, providing income and expense details.
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Step 6: Review the filled Fact Sheet for accuracy and completeness.
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Step 7: Submit the completed Fact Sheet as directed, either online or by mail.
Who needs Disaster Loans Fact Sheet?
01
Individuals or businesses affected by a declared disaster seeking financial assistance.
02
Homeowners and renters who need to repair or replace property damaged in a disaster.
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Small businesses looking for capital to cover disruptions caused by a disaster.
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People Also Ask about
What is the interest rate for a FEMA loan?
Low-interest disaster rates are available. Interest rates are as low as 2.688% for homeowners and renters, 4.0% for businesses and 3.25% for nonprofit organizations. Your first payment will not be due for 12 months, and no interest will accrue during that 12-month period.
What is the maximum FEMA will pay?
Qualifying for an SBA loan is generally easier than a traditional bank loan, but that doesn't mean it's a simple process. Applying for these loans takes a lot of effort, including loads of paperwork. Whether you'll qualify will depend on the type of SBA loan you pursue.
What can an SBA disaster loan not be used for?
Use of proceeds You may not use the funds to upgrade homes or make additions, unless required by the local building code. You may be eligible for up to a 20% loan amount increase above the real estate damage, as verified by SBA, for improvements that will help prevent risk of future property damage.
Is it hard to get approved for an SBA disaster loan?
Qualifying for an SBA loan is generally easier than a traditional bank loan, but that doesn't mean it's a simple process. Applying for these loans takes a lot of effort, including loads of paperwork. Whether you'll qualify will depend on the type of SBA loan you pursue.
Will disaster loans be forgiven?
As of January 2025, there are no plans to forgive outstanding SBA EIDL loans.
What is the interest rate on a FEMA disaster loan?
SBA can offer a loan that fits your personal budget. For applicants unable to obtain credit elsewhere, the interest rates are 2.5 % for home loans, 4.0% for business loans and 2.375% for nonprofit organizations.
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What is Disaster Loans Fact Sheet?
The Disaster Loans Fact Sheet is a document that provides information about the types of loans available for businesses and individuals affected by disasters, detailing the eligibility criteria and application process.
Who is required to file Disaster Loans Fact Sheet?
Individuals and businesses that have been affected by a disaster and are seeking financial assistance through disaster loans are required to file the Disaster Loans Fact Sheet.
How to fill out Disaster Loans Fact Sheet?
To fill out the Disaster Loans Fact Sheet, applicants should review the instructions provided, gather necessary financial documentation, and accurately complete the sections detailing their personal and financial information, the nature of the disaster impact, and the requested loan amount.
What is the purpose of Disaster Loans Fact Sheet?
The purpose of the Disaster Loans Fact Sheet is to inform potential borrowers about available disaster relief loans, the conditions under which they can apply, and the documentation required, thereby facilitating a smoother application process.
What information must be reported on Disaster Loans Fact Sheet?
The Disaster Loans Fact Sheet must report information such as the applicant's personal and business details, the extent of the damage incurred due to the disaster, the type of loan being applied for, and any existing debts or income sources.
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