SBA Defers Existing Disaster Loans Until End of 2020

U.S. Small Business Administration Administrator Jovita Carranza announced that the SBA will be granting automatic disaster loan deferments through December 31, 2020, to help borrowers who are still paying back SBA loans from previous disasters. Because the change is automatic, borrowers of home and business disaster loans do not have to contact the agency to request deferment. NAWRB is honored to be one of only 11 organizations listed as a Women’s Entrepreneurship Partner for the SBA, and we are happy to be a resource and lend an ear to the over 30 million U.S. small businesses who make up the backbone of our economy. 

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SBA Disaster Loans for Hawaii Residents & Small Businesses—Deadline Fast Approaching

The state of Hawaii and the Federal Emergency Management Agency (FEMA) are operating a U.S. Small Business Administration (SBA) Disaster Recovery Center, opened on June 29th, to offer assistance to Kauai and Oahu residents that were affected by the flooding, mudslides and landslides that took place this April. FEMA has approved approximately $281,000 in individual assistance grant funding. Deadline to apply for individual physical damage assistance is August 27th, 2018, while impacted small businesses can apply until March 27, 2019.

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Renters and Homeowners Eligible for SBA Disaster Loans

From the hurricanes that hit Texas, Florida and Puerto Rico, to the wildfires and mudslides that devastated parts of California, the past year has been fraught with catastrophic natural disasters which have uprooted countless Americans from their stable lives. All victims of declared natural disasters—businesses, private nonprofits, homeowners and renters—are able to apply for low-interest disaster loans from the U.S. Small Business Administration (SBA) to help them recover. Renters and homeowners do not have to own a business to apply.

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