SBA`s Disaster Loan Application Deadline For Physical Damage Is June 30

ATLANTA--(Business Wire)--
The U.S. Small Business Administration reminds homeowners, renters, businesses
of all sizes and non-profit organizations located in Alabama of the deadline to
submit disaster loan applications for damage caused by severe storms, flooding
and tornadoes that occurred from March 25 through April 3, 2009. The deadline to
file an application for physical damage is June 30, 2009.

The disaster declaration covers Covington, Geneva and Houston counties, which
are eligible for both Physical and Economic Injury Disaster Loans from the SBA.
Small businesses and most private, non-profit organizations in the following
adjacent counties are eligible to apply only for SBA Economic Injury Disaster
Loans: Butler, Coffee, Conecuh, Crenshaw, Dale, Escambia and Henry in Alabama;
Holmes, Jackson, Okaloosa and Walton in Florida; and Early and Seminole in
Georgia.

The SBA offers loans up to $200,000 to repair disaster damaged primary
residences. Homeowners and renters are eligible for loans up to $40,000 to
replace personal property such as furniture, appliances and clothing. Loans to
businesses of all sizes and non-profit organizations are available up to $2
million to repair damage to real estate, machinery, inventory and equipment.

The Small Business Administration`s EIDLs are available to small businesses, and
most private, non-profit organizations of all sizes to help meet working capital
needs caused by the disaster. EIDL assistance is available regardless of whether
the business suffered any property damage.

Interest rates are as low as 2.187 percent for homeowners and renters and 4.000
percent for businesses with terms up to 30 years. Loan amounts and terms are set
by SBA and are based on each applicant`s financial condition.

Additionally, disaster victims with insurance should not wait for an insurance
settlement before applying to the SBA. If victims do not know how much of their
loss will be covered by insurance or other sources, the SBA will consider making
a loan for the total loss up to its loan limits, provided the borrower agrees to
use insurance proceeds to reduce or repay their SBA loan.

The SBA also offers mitigation funds to disaster victims based on 20 percent of
the verified damage. These funds are designed to help borrowers pay for
protective measures, which may prevent damages of the same kind in the future.

Disaster victims may obtain an application by calling the SBA`s Customer Service
Center at 1-800-659-2955 (1-800-877-8339 for the hearing-impaired) Monday
through Friday from 8 a.m. until 9 p.m. EDT, or by emailing the Customer Service
Center at disastercustomerservice@sba.gov. Business loan applications can also
be downloaded from the SBA Web site at www.sba.gov/services/disasterassistance.
Completed applications should be mailed to: U.S. Small Business Administration,
Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.

Victims may apply for disaster loans from SBA`s secure Web site at
https://disasterloan.sba.gov/ela/.

The filing deadline to return applications for physical property damage is June
30, 2009. The deadline to return economic injury applications is February 1,
2010.

For more information about the SBA`s Disaster Loan Programs, visit our website
at www.sba.gov/services/disasterassistance.

Release Number: 09-461, AL 11736/11737

U.S. Small Business Administration
Michael Lampton
404-331-0333

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