\n\n LOCATION:Via Zoom and Facebook LIVE UID:e.1694.18990 SEQUENCE:3 DTSTAMP:20260409T194221Z URL:https://business.navarrechamber.com/events/details/facebook-live-overview-and-q-a-topic-hurricane-sally-recovery-18990 END:VEVENT END:VCALENDAR\n\n\n\n\n\n\n
\n\n- Residents with damage should first register with FEMA at \;disasterassistance.gov \;(short-term grants) and then apply to SBA for a disaster loan at \;disasterloan.sba.gov.
\n- \;
\n- Those whose loan applications are denied by SBA are referred back to FEMA for potential additional grant consideration.
\n- \;
\n- If approved for a loan\, an applicant is under no obligation to accept it.
\n- \;
\n- They can turn it down now\, and still &ldquo\;reactivate&rdquo\; their application for up to 6 months from the date of their determination letter.
\n- \;
\n- An SBA loan is one tool in a person&rsquo\;s recovery toolkit as they consider all their options.
\n\;
\n\nIt&rsquo\;s important to know that low-interest federal disaster loans are for \;HOMEOWNERS AND RENTERS\, plus \;businesses of all sizes\, non-profit organizations\, faith-based organizations\, small aquaculture businesses\, and \;small agricultural cooperatives \;impacted by Hurricane Sally.
\n\n
\n
\nAll can apply for their \;uncompensated losses \;&ndash\; i.e. their insurance wasn&rsquo\;t enough to complete their repairs or they didn&rsquo\;t have insurance\;
\n\n\n
\n\n- Individuals do not have to wait for their insurance settlement to apply for a loan. They can get money from SBA to start their repairs and then assign their insurance settlement to pay down their loan.
\n- \;
\n- It&rsquo\;s free to apply and the interest rates are very low. Please see the attached information for details.
\n- \;
\n- SBA disaster loans cover things insurance often does not\, such as debris removal\, decks\, fencing\, sheds\, etc.
\n- \;
\n- Terms are up to 30 years to make the payments affordable\, and no collateral is required for loans of $25\,000 or less.
\n- \;
\n- There is no pre-payment penalty.
\n\;
\n