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Date 07/20/2011 U* S* SMALL BUSINESS ADMINISTRATION FACT SHEET - DISASTER LOANS WASHINGTON Declaration 12693/12694 Disaster WA-00031 Incident WHITE SWAN FIRE occurring February 12 through February 13 2011 in Yakima County Washington and the contiguous Washington counties of Benton Grant King Kittitas Klicktat Lewis Pierce Skamania Application Filing Deadlines Physical Damage September 19 2011 Economic Injury April 19 2012 Whether you rent or own your own home own your own business or own a...
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How to fill out disaster loans fact sheet

How to fill out Disaster Loans Fact Sheet
01
Read the Disaster Loans Fact Sheet carefully to understand the requirements.
02
Gather necessary documents, such as identification and financial records.
03
Fill in the personal information section with accurate details.
04
Provide a detailed description of the disaster's impact on your business or personal property.
05
Specify the amount of financial assistance you are seeking.
06
Review your application for completeness and accuracy before submission.
07
Submit the completed Disaster Loans Fact Sheet according to the provided instructions.
Who needs Disaster Loans Fact Sheet?
01
Individuals affected by natural disasters seeking financial assistance.
02
Small business owners who need funding to recover from disaster-related losses.
03
Non-profit organizations impacted by disasters that require funds for recovery efforts.
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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 loan assistance available to individuals and businesses affected by disasters, including eligibility criteria, application procedures, and loan terms.
Who is required to file Disaster Loans Fact Sheet?
Individuals and businesses that have suffered damage or loss due to a declared disaster and are seeking federal disaster assistance through 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 need to provide their personal and business information, details about the disaster impact, and financial information as required in the form. It's important to follow the instructions carefully to ensure accurate submission.
What is the purpose of Disaster Loans Fact Sheet?
The purpose of the Disaster Loans Fact Sheet is to collect and summarize necessary information that supports the loan application process for disaster recovery, ensuring that applicants receive the appropriate financial assistance.
What information must be reported on Disaster Loans Fact Sheet?
The information that must be reported on the Disaster Loans Fact Sheet includes applicant's personal details, business information (if applicable), extent of damage, estimated repair costs, and any other financial information relevant to assessing loan eligibility.
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