The administration has made 16,800 loans since the hurricane hit New Jersey.
In just three months since Hurricane Sandy struck the East Coast, the U.S. Small Business Administration has approved more than $1.1 billion in disaster loans to residents and business owners affected by the storm. According to a release from the SBA, approximately 16,700 individuals have received loans, making Sandy the country's third largest disaster in terms of loaned dollars. Currently, Sandy sits behind 2005's Hurricane Katrina and its $10.8 billion in SBA loans, and 1994's Northridge, Calif., earthquake, which totaled $4 billion in loans. Sandy, however, could supplant those disaster totals in the long run. The SBA also announced recent emergency legislation in Congress that adds $799 million to the administration's disaster …
Relief available for temporary housing, repairs, loans, etc.
Tuesday, November 6, 2012
Individuals in every New Jersey county are now eligible to apply for federal disaster relief, the governor's office announced Tuesday. All residents and businesses can now apply for Individual Assistance through FEMA and the Small Business Administration. The state had already been approved for Public Assistance, which is available to state and local governments as well as nonprofits. Individual Assistance relief allows residents to apply for aid including temporary housing, repair, Disaster Unemployment Assistance and Small Business Administration loans. The governor's office advises all residents who suffered damage to apply with FEMA, even if they have their own insurance. Register by calling 800-621-3362 or 800-462-7585 for those with …