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03/18/2011 U* S* SMALL BUSINESS ADMINISTRATION FACT SHEET - DISASTER LOANS OHIO Declaration 12492 12493 Disaster OH-00026 Incident Severe Storms and Flooding Occurring February 27 2011 through March 8 2011 For Counties of Auglaize and Marion and contiguous counties of Allen Crawford Darke Delaware Hardin Logan Mercer Morrow Shelby Union Van Wert and Wyandot. Application Filing Deadlines Physical Damage May 17 2011 Economic Injury December 19 2011 Whether you rent or own your own home own...
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How to fill out disaster loans fact sheet
How to fill out Disaster Loans Fact Sheet
01
Gather necessary information such as your business details, financial statements, and any relevant documentation.
02
Obtain a copy of the Disaster Loans Fact Sheet from the appropriate agency or website.
03
Fill in your business name, address, and contact information in the designated areas.
04
Provide an overview of the disaster impact on your business, including loss of income and damages.
05
List any existing insurance coverage and how much it covers your losses.
06
Indicate the amount of funding you are seeking and outline how it will be used.
07
Review the completed form for accuracy and completeness before submission.
08
Submit the completed Disaster Loans Fact Sheet according to the provided instructions (online or by mail).
Who needs Disaster Loans Fact Sheet?
01
Small business owners affected by a disaster.
02
Homeowners who have suffered property damage due to a disaster.
03
Non-profit organizations impacted by a disaster.
04
Farmers and agricultural businesses facing financial losses from 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 about the loans available to businesses and individuals affected by disasters, outlining eligibility requirements, application processes, and loan terms.
Who is required to file Disaster Loans Fact Sheet?
Individuals and businesses that have suffered financial losses due to a declared 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 provide accurate personal and business information, details of the disaster impact, financial statements, and any required documentation to support their application.
What is the purpose of Disaster Loans Fact Sheet?
The purpose of the Disaster Loans Fact Sheet is to guide applicants through the loan application process and inform them about the various financing options available to help them recover from disasters.
What information must be reported on Disaster Loans Fact Sheet?
The information that must be reported includes personal contact information, business details, the nature of the disaster, the extent of damages incurred, financial data including income and expenses, and any insurance coverage related to the losses.
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