Sandy Update: Top Reasons You're Eligible to Apply for SBA Disaster Assistance

From SBA:

A month after Hurricane Sandy devastated the East Coast, homeowners, renters and businesses are dealing with the challenging task of rebuilding their homes, businesses and communities.

There’s a lot of information out there about different forms of federal assistance, and a lot of confusion about the U.S. Small Business Administration’s role in helping homeowners, renters and businesses recover. The SBA is committed to the long-term recovery of the people and businesses affected by Hurricane Sandy.

Don’t let misinformation keep you from getting an SBA disaster loan! Here are the facts:

You don’t have to be a business owner to apply for an SBA disaster loan. SBA makes low-interest loans to homeowners of up to $200,000 to repair or replace the residence. Renters and homeowners are also eligible to apply for up to $40,000 to repair or replace damaged personal property – like furniture, cars, appliances – that isn’t fully covered by insurance.