February 10 deadline for disaster loans for physical damage caused by a tornado | News
FRANKFORT, Ky. (KT) – The U.S. Small Business Administration reminds businesses of all sizes, private nonprofit organizations, landlords and renters affected by the outbreak of extreme weather Dec. 10-11 , to apply for disaster loans for physical damage before February 10. deadline.
Disaster survivors in areas covered by the federal disaster declaration are encouraged to contact the SBA as soon as possible, even if they don’t know how much money will be needed. There is no need to wait for insurance claims to be settled, as SBA loans can be issued while insurance recovery is pending. There is no cost to apply or obligation to accept the loan if approved.
The disaster declaration covers the counties of Barren, Caldwell, Christian, Fulton, Graves, Hart, Hickman, Hopkins, Logan, Lyon, Marion, Marshall, Muhlenberg, Ohio, Taylor and Warren, which are eligible for physical disaster loans and economics of the SBA.
Small businesses and most private nonprofit organizations in the following adjacent counties can only apply for SBA Economic Disaster Loans: Adair, Allen, Boyle, Breckinridge, Butler, Calloway, Carlisle, Casey, Crittenden, Daviess, Edmonson, Grayson, Green, Hancock, Hardin, Larue, Livingston, Marion, McCracken, McLean, Metcalfe, Monroe, Nelson, Simpson, Todd, Trigg, Washington and Webster.
“Waiting to file an SBA application could lead to unnecessary delays in receiving disaster relief, and survivors could miss the application deadline,” said Kem Fleming, director of SBA Field Operations Center East. “Submitting the loan application is an essential part of the disaster recovery process.”
Applicants can apply online using the Electronic Loan Application through the SBA’s secure website at https://disasterloanassistance.sba.gov/ela/s/, and should apply under SBA Statement #17286. To be considered for all forms of disaster assistance, applicants must register online at DisasterAssistance.gov or download the FEMA mobile app. If online or mobile access is not available, applicants should call FEMA’s toll-free hotline at 800-621-3362.
Businesses and individuals can also obtain loan information and applications by calling the SBA’s Customer Service Center at 1-800-659-2955.
Again, the deadline for filing property damage claims is February 10, 2022. The deadline for returning economic injury claims is September 12, 2022.