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SBA simplifies online process for disaster loan application
WASHINGTON -- Applying for disaster recovery assistance from the U.S. Small Business Administration (SBA) just got easier thanks to revisions made to its electronic loan application, significantly reducing the number of screens an applicant must read while filling out the form.
Now, applicants for disaster assistance can fill out a form on SBA’s secure website that looks exactly like the paper application, four pages for home loans, and three pages for business loans.
Homeowners, renters, businesses, and nonprofits applying for disaster loans to cover losses to real estate and property, as well as economic injury, can access the form at https://disasterloan.sba.gov/ela/. There’s a “help” link at the top of each page, which directs users to a place where they can get questions answered. SBA’s Military Reservist Economic Injury Disaster Loan application is also available at the electronic loan application site.
Entering data is as secure as purchasing airline tickets online, since identity-proofing tools are used in the application.
Questions about the electronic loan application can be directed to SBA’s Disaster Customer Service Center at 1-800-659-2955, or by email at email@example.com.
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