For people still recovering from the late April storms, there is a new way to get some help this week in Tuscaloosa. A Small Business Administration Disaster Loan Outreach Center will be open Monday, June 2, through Friday, June 6, 9 a.m. to 6 p.m. each day.
The SBA Center is located at The Salvation Army at 1601 University Blvd. East, where the FEMA Center was located until Friday. The SBA says it exists to help people who are uninsured or under insured. However, an SBA disaster loan may also be a way to help cover costs while someone is waiting on an insurance settlement. Because unexpected circumstances may arise when recovering from a disaster, the SBA encourages you to fill out an application, regardless of your situation. "You're under no obligation to take out the loan," SBA Spokesperson John Frederick said. "You have six months to make up your mind, but it's always a good option to keep on the shelf."
To apply for an SBA disaster loan, you must first register with FEMA. The deadline to register with FEMA, for damages incurred between April 28 and May 5, is July 1.
Frederick said it is also important to register with FEMA and fill out an SBA loan application because this may affect your eligibility for additional help in the future. "There might be additional programs, but a lot of those programs, they want to know if you went through all means, your insurance company, FEMA, SBA, to get additional help. So that's why we encourage people to fill out the application."
FEMA says it will also have a representative at the SBA Disaster Outreach Loan Center.
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