SBA Disaster Loans Provide a Major Source of Financial Assistance to Homeowners, Renters, Businesses, Nonprofit Groups

For many Georgia residents and business owners recovering from recent severe storms and tornadoes, completing a U.S. Small Business Administration [SBA] disaster loan application is a necessity. SBA disaster loans provide funds to homeowners, renters, businesses and nonprofit organizations for uninsured losses.

While federal grants are one form of disaster assistance available, most of the money for repairs or replacement of storm-damaged real estate, business inventory and personal property comes in the form of low-interest SBA disaster loans. A completed SBA disaster home loan application is an essential component for some disaster-related grants from the Federal Emergency Management Agency [FEMA].

Applicants who receive SBA loan applications should complete and return them to be considered for FEMA grants that cover personal property, vehicle repair or replacement, and moving and storage expenses. However, no one is obligated to accept a loan.

Those living and working in one of the 25 federally declared Georgia counties -- i.e., Bartow, Catoosa, Cherokee, Coweta, Dade, Greene, Habersham, Harris, Heard, Floyd, Gordon, Lamar, Lumpkin, Meriwether, Monroe, Morgan, Newton, Pickens, Polk, Rabun, Spalding, Troup, Upson, Walker and White -- may be eligible for an SBA loan.

Homeowners, renters, certain private nonprofit organizations, plus businesses of all sizes can apply to SBA for losses not covered by insurance or other sources. Persons with home-based businesses or rental property who have been affected by the storms may also be eligible for SBA loans.

Homeowners can borrow up to $200,000 to repair or replace their primary residence. Homeowners and renters can borrow up to $40,000 to repair or replace personal property.

Businesses may be eligible for up to $2 million in loans to repair or replace disaster-damaged real estate, machinery and equipment, inventory and other business assets.

SBA also provides small-business owners and most private nonprofit organizations of all sizes with Economic Injury Disaster Loans [EIDLs] that provide money for ongoing business expenses needed to recover from the adverse economic impact of a disaster.

These disaster loans are available even if the business didn’t sustain physical damages from the storms.

Loan amounts and terms are determined on a case-by-case basis. Interest rates can be as low as 2.688 percent for homeowners and renters; three percent for nonprofit organizations; and four percent for businesses. Loan amounts and terms are set by SBA, and based on each applicant’s financial condition. Payment terms as long as 30 years make the loans more affordable.

To register for assistance, residents should call FEMA’s toll-free number, 1-800-621-FEMA [3362], or TTY/TDD 1-800-462-7585 for those with speech or hearing functional needs, between 7 a.m. and 10 p.m., seven days a week. Multilingual operators are available to answer calls during this time. Online registration is offered at www.disasterassistance.gov.

SBA representatives are available to assist with loan applications and to answer questions:

* In person at Disaster Recovery Centers [DRCs] operating in 13 of the federally declared counties. Location of the nearest DRC is available when registering by phone or by going online to www.fema.gov/assistance/opendrcs.shtm.

* SBA Disaster Customer Service Center at 800-659-2955, or 800-877-8339 TTY for anyone with speech or hearing functional needs, Monday through Friday, 8 a.m. to 6 p.m.; and, until further notice, on Saturday and Sunday, from 8 a.m. to 4:30 p.m. EDT.

* Online at www.sba.gov/services/disasterassistance.

* Queries e-mailed to disastercustomerservice@sba.gov.

Receive up-to-the-minute Georgia disaster recovery information by following FEMA/Region 4 on Twitter at www.twitter.com/femaregion4.

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PHOTO: Homeland Security Secretary Janet Napolitano talking to one of the young residents of Ringgold, Ga., about the tornado. On Saturday, the Secretary visited with members of the community of Ringgold at the First Baptist Church.

SOURCES: Federal Emergency Management Agency [official photo by Alice Carr], U.S. Small Business Administration
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SBA, FEMA Provide Assistance to People Impacted by Disasters in Southeastern U.S.

This morning, CBS News reports that nearly 200 people have died in tornadoes and severe storms that ravaged six states in the Southeast last night. Our thoughts go out to their loved ones, survivors, search-and-rescue teams, as well as federal, state and local officials dealing with the aftermath of this latest deadly string of disasters that's devastated countless individuals, families, businesses, organizations and communities in Alabama, Georgia, Mississippi, Kentucky, Tennessee and Virginia.

Over the years, GoodBiz113 has posted info about disaster-related resources. Here's a handy overview of what the U.S. Small Business Administration [SBA] and Federal Emergency Management Agency [FEMA] offer.

SBA Offers Low-Interest Disaster Loans
SBA provides low-interest disaster loans to homeowners, renters, businesses of all sizes, and to private, nonprofit organizations to repair or replace real estate, personal property, machinery, equipment, inventory and business assets that have been damaged or destroyed in a declared disaster.

For complete information about financing available through the SBA's Office of Disaster Assistance, go to: http://1.usa.gov/DisasterLoansSBA.

FEMA Provides Tornado Preparedness and Disaster Response Online Resources
In addition, FEMA has a wealth of tornado preparedness and disaster response resources available online:

* DisasterAssistance.gov -- http://www.disasterassistance.gov/

* Help Others Impacted by Disasters -- http://www.fema.gov/rebuild/recover/howtohelp.shtm [FEMA Donations page]

* Ready Tornado Preparedness -- http://www.ready.gov/america/beinformed/tornadoes.html

* What to Do Before, During and After a Tornado -- http://www.fema.gov/hazard/tornado/index.shtm

* Ready Evacuation Plan -- http://www.ready.gov/business/plan/evacplan.html

SOURCES: Federal Emergency Management Agency, FEMA News [file photo by David Fine], U.S. Small Business Administration
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DHS Secretary Napolitano Announces New Standards for Private-Sector Preparedness

Department of Homeland Security [DHS] Secretary Janet Napolitano [pictured] today announced the adoption of the final standards for the Voluntary Private Sector Preparedness Accreditation and Certification Program [PS-Prep] -- a major milestone in DHS' implementation of a program recommended by the 9/11 Commission to improve private-sector preparedness for disasters and emergencies.

"Private organizations across the country -- from businesses to universities to non-profit organizations -- have a vital role to play in bolstering our disaster preparedness and response capabilities," said Secretary Napolitano. "These new standards will provide our private-sector partners with the tools they need to enhance the readiness and resiliency of our nation."

PS-Prep is a partnership between DHS and the private sector that enables private entities to receive emergency preparedness certification from a DHS accreditation system created in coordination with the private sector.

The standards -- developed by the National Fire Protection Association [NFPA], the British Standards Institution [BSI] and ASIS International -- were published for public comment in the Federal Register in Oct. 2009. The adoption of the final standards was published in a Federal Register notice today, following a series of regional public meetings and the incorporation of public comments.

DHS will continue to accept comments on PS-Prep, the three adopted standards, and/or proposals to adopt any other similar standard that satisfies the target criteria of the December 2008 Federal Register notice, which announced the program.

Comments may be submitted to http://www.regulations.gov/ or FEMA-POLICY@dhs.gov, in Docket ID FEMA-2008-0017.

For more information, visit http://bit.ly/PrivateSectorPrep.

SOURCE: U.S. Department of Homeland Security
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Locke, Landrieu Announce $80 Million Recovery Act Investment to Expand Broadband Internet Access and Economic Opportunities in Louisiana

Today, U.S. Commerce Secretary Gary Locke [pictured], joined by Sen. Mary Landrieu, chair of the Senate Committee on Small Business and Entrepreneurship, announced an $80 million American Recovery and Reinvestment Act [Recovery Act] investment to help bridge the technological divide, boost economic growth, create jobs, and improve education and health care in Louisiana.

The grant will bring high-speed Internet access to more than 80 community anchor institutions -- including universities, K-12 schools, libraries, health-care facilities -- and lay the groundwork for bringing affordable broadband service to thousands of homes and businesses in the region.

The Louisiana Broadband Alliance, a collaboration among six state agencies, plans to deploy more than 900 miles of fiber-optic network to expand broadband Internet service in some of the most economically distressed regions of Louisiana. The 3,488-square-mile service area includes 12 impoverished parishes targeted by the state’s Louisiana Delta Initiative and a separate five-parish area that is home to four federally recognized Native American Indian tribes.

The new network would connect to the Louisiana Optical Network Initiative [LONI], a 1,600-plus mile fiber-optic network that connects Louisiana and Mississippi research universities to National LambdaRail and Internet2.

"This critical investment will expand computer and high-speed Internet service access to Louisiana residents most in need, helping to make them full participants in today’s 21st-century information economy," said Locke. "We are giving the people of Louisiana new tools to educate themselves, to promote their businesses, and to create more opportunities for their families and their community."

Earlier this week, Secretary Locke announced a $1.4 million grant to the Deaf Action Center of Louisiana, to provide on-demand, cost-effective sign-language interpretation at community anchor institutions, such as hospitals, courts, public-safety agencies, shelters, schools and libraries.

The Department of Commerce’s National Telecommunications and Information Administration’s [NTIA] Broadband Technology Opportunities Program [BTOP], funded by the Recovery Act, provides grants to support the deployment of broadband infrastructure, enhance and expand public computer centers, and encourage sustainable adoption of broadband service.

"Today, we have taken a big leap in our efforts to expand high-speed Internet throughout rural Louisiana, including the Delta parishes in the northeast part of our state," said Sen. Landrieu. "Creating jobs and spurring rural small-business growth, these new funds will increase broadband capacity at our homes, schools, and hospitals to advance education, research, and health-care delivery to areas in need of modern infrastructure.

"I am thankful for the Department of Commerce’s support of this, and the many innovative projects we have going on in Louisiana to improve broadband access."

Today’s announcement marks one of the many awards that Louisiana has received -- including five broadband expansion awards totaling more than $61 million.

"The Board of Regents has committed to small-business providers in the state that in utilizing the grant dollars, we will work together with the goal of ensuring that expenditures will complement the existing infrastructure and investment they have made," said Dr. Sally Clausen, commissioner of higher education for the Board of Regents. "We extend our deepest appreciation to Sen. Landrieu and Secretary Locke for this award that will better connect our schools and their students, thus providing them with better opportunities for education and economic success.

NTIA received more than 1,800 applications proposing projects totaling nearly $19 billion during the first BTOP funding round, and is now awarding grants on a rolling basis. NTIA is currently accepting BTOP applications for a second funding round.

Applications for Public Computer Centers and Sustainable Broadband Adoption projects are accepted through March 15, 2010; and applications for Comprehensive Community Infrastructure projects are accepted through March 26, 2010.

The American Recovery and Reinvestment Act provided a total of $7.2 billion to NTIA and the Department of Agriculture’s Rural Utilities Service [RUS] to fund projects that will expand access to and adoption of broadband services. Of that funding, NTIA will utilize $4.7 billion for grants to deploy broadband infrastructure in the U.S., expand public computer center capacity, and encourage sustainable adoption of broadband service. NTIA will announce all grant awards by Sept. 30, 2010.

For information about broadband funding under the American Recovery and Reinvestment Act of 2009, go to: http://www.broadbandusa.gov/.

SOURCES: U.S. Department of Agriculture, U.S. Department of Commerce, U.S. Senate Committee on Small Business and Entrepreneurship, The White House
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