SBA: Over $1 Billion in Disaster Loans Approved in Puerto Rico

The U.S. Small Business Administration announced that more than $1 billion in low-interest disaster loans has been approved for 28,106 Puerto Rico residents and businesses recovering in the aftermath of Hurricanes Irma and María which struck in September 2017.

“Recovery for Puerto Rico has a long way to go.  The SBA is still on the ground, making sure that island residents and businesses are getting the help they need to rebuild. The agency will continue its outreach to make sure those who need the help are aware of the long-term recovery assistance that’s available,” SBA Administrator Linda McMahon said. “Meanwhile, SBA mobile business recovery centers have visited all 78 Puerto Rico municipalities, with 4,500 business owners attending sessions to learn about SBA disaster assistance and  get help with online disaster loan applications.”

The filing deadline for physical property damage disaster loan applications for Hurricanes Irma and María is March 20, 2018.  The deadline to return economic injury disaster loan applications is June 11, 2018 for Hurricane Irma, and June 20, 2018 for Hurricane María.

For information about local recovery centers and SBA’s disaster assistance program, call the Disaster Customer Service Center at 800-659-2955 (800-877-8339 for the deaf and hard-of-hearing), or emaildisastercustomerservice@sba.gov(link sends e-mail). To learn more about SBA’s disaster assistance program, and to apply for a loan online, visit www.sba.gov/disaster.

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