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Date 08/12/2011 U* S* SMALL BUSINESS ADMINISTRATION FACT SHEET - DISASTER LOANS MISSOURI Declaration 12736/12737 Disaster MO-00052 Incident FLOODING occurring June 1 through August 1 2011 in the Missouri counties of Andrew Atchison Buchanan Holt Lafayette Platte for economic injury only in the contiguous Missouri counties of Carroll Clay Clinton DeKalb Gentry Jackson Johnson Nodaway Pettis Ray Saline Application Filing Deadlines Physical Damage October 11 2011 Economic Injury May 14 2012...
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How to fill out disaster loans fact sheet

How to fill out Disaster Loans Fact Sheet
01
Gather necessary personal and business information.
02
Obtain your gross revenue figures for the previous year.
03
Fill out the application form accurately with details about the disaster impact.
04
Provide any required financial documentation, such as tax returns and income statements.
05
Include any additional information requested in the fact sheet.
06
Review all information for accuracy before submission.
Who needs Disaster Loans Fact Sheet?
01
Individuals and businesses that have suffered losses due to a declared disaster.
02
Homeowners and renters affected by a disaster who need financial assistance.
03
Small businesses seeking funding to cover operational expenses lost during a disaster.
04
Non-profit organizations impacted 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 essential information regarding the types of loans available for those affected by disasters, as well as the application process and eligibility criteria.
Who is required to file Disaster Loans Fact Sheet?
Individuals and businesses affected by a declared disaster who 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 gather relevant information about their situation, including personal and business details, disaster impact, and financial information, and ensure to follow the provided instructions accurately.
What is the purpose of Disaster Loans Fact Sheet?
The purpose of the Disaster Loans Fact Sheet is to inform applicants about the loan options available to them, explain the application process, and clarify the information needed to assess their eligibility for disaster relief loans.
What information must be reported on Disaster Loans Fact Sheet?
The information that must be reported includes applicant's personal details, business details (if applicable), nature of the disaster, extent of damage, financial information, and any other pertinent information as required by the loan program.
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