Low interest federal disaster loans for Alaskans
Created on Wednesday, 26 December 2012 12:20
Written by Patty Sullivan
MAT-SU—If your home or business was damaged by the September federal flood disaster in the MAT-SU Borough, here's an avenue for a low interest loan to fund repairs. The US Small Business Administration is offering loans up to $200,000 for homeowners to repair or replace damaged real estate, and up to $40,000 to repair or replace damaged personal property. Businesses may borrow up to $2 million. Interest rates can be as low as 1.688 for homeowners, renters, 3 percent for nonprofits, and 4 percent for businesses.
LEARN MORE IN PERSON at 3 locations in the MAT-SU in January.
DISASTER LOAN OUTREACH CENTERS
Jan. 4 through Jan. 6
9 am to 6 pm
Willow Community Center
Mile 69 Parks Highway
Jan. 7 through Jan. 9
9 am to 6 pm
Cottonwood Public Safety Building
680 N. Seward Meridian Parkway
Jan. 10, 1 pm to 6 pm
Jan. 11 and Jan. 12, 9 am to 6 pm
16463 Helena Ave
Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure Web site at https://disasterloan.sba.gov/ela.
The filing deadline to return applications for property damage is February 18, 2013.
The deadline to return economic injury applications is September 18, 2013.
SBA acted under its own authority to declare a disaster following the denial on December 6 of the State’s request for individual assistance for a major disaster declaration.
Reporters call Richard Jenkins (916)735-1500 with the US Small Business Administration or download his press release for more information here.
Small Business Administration Factsheet
Small Business Administration Press release
Photo: Talkeetna residents listen to updates from officials during the 2012 flood disaster. Patty Sullivan/MSB.