SBA Offers Katrina Disaster & Recovery Assistance

September 13, 2005

SBA Offers Katrina Disaster & Recovery Assistance
September 13, 2005 – The National Tour Association continues to work with the Small Business Administration to assist in disaster recovery loans for its members following the devastation of Hurricane Katrina.

SBA reports that they will offer loans up to $200,000 to repair damaged primary residences. Homeowners and renters are eligible for loans up to $40,000 to replace personal property such as furniture and clothing. Loans to businesses of all sizes and nonprofit organizations are available up to $1.5 million to repair damage to real estate, machinery, equipment and inventory.

Economic Injury Disaster Loans are also available to small businesses unable to pay bills or meet operating expenses. Impacted people or businesses can begin applying online at http://www.fema.gov/, or call 1-800-621-FEMA (3362), or 1-800-462-7585 (TTY) for the hearing and speech impaired. Toll-free numbers will operate 24 hours daily until further notice.

The SBA’s disaster page, which includes ‘help’ locations in the impacted area, is: http://www.sba.gov/disaster_recov/index.html.