Skip to Content

CONSUMER ALERT

Superstorm Sandy Disaster Loan Filing Period Reopens

The U.S. Small Business Administration (SBA) has reopened the filing period for survivors in all states affected by Superstorm Sandy to apply for low-interest disaster loans. 

The new filing deadline to return applications for physical property damage is December 1, 2016. The deadline to return economic injury applications is December 1, 2016.

Disaster loans up to $200,000 are available to homeowners to repair or replace disaster damaged or destroyed real estate. Homeowners and renters are eligible up to $40,000 to repair or replace disaster damaged or destroyed personal property.

Interest rates are as low as 1.688 percent for homeowners and renters, 3 percent for non-profit organizations and 4 percent for businesses with terms up to 30 years. Loan amounts and terms are set by the SBA and are based on each applicant’s financial condition.

Additional details on the locations of recovery centers and the loan application process can be obtained by calling the SBA Customer Service Center at (800) 659-2955 ((800) 877-8339 for the deaf and hard-of-hearing) or by sending an email to disastercustomerservice@sba.gov

For more information about the SBA’s Disaster Loan Program, visit the SBA website.

Updated 12/15/2015

 

Link to DFS Portal

About DFS

Contact DFS

Reports & Publications

Licensing

Laws and Regs

Connect With DFS

DFS Facebook page

Follow NYDFS on Twitter