Ft. Walton Beach, FL, January 23, 2012 --(PR.com
)-- The record number of disasters affecting most states in the country continues into this year. While some homeowners and business owners are aware of the property damage claim process few if any are aware of the Economic Injury Disaster Loan program from the U.S. Small Business Administration. A private company, SBA LOAN AND DISASTER RELIEF, was recently formed to promote the program to eligible companies that were or expected to be economically affected by the recent disasters. The little known program provides up to $2,000,000 for working capital at a 4.0% fixed interest rate for as long as thirty years to these eligible companies.
SBA LOAN AND DISASTER RELIEF is currently reaching out to the companies in most states in the nation that fit this criteria. The company handles the entire process from the application to the closing documents being delivered to the front door of the borrower who simply has a notary verify the owner's signature and the closing documents are sent back to the U.S. Small Business Administration. This loan program is funded directly by the agency and there are no banks involved. Borrowers can be behind in their bills and expenses as long as the delinquent debt came about as a result of the disaster. SBA LOAN AND DISASTER RELIEF is comprised of experienced agents that are accountants as well as commercial lending agents once employed by the SBA. The Director Lane Manning has over thirty years in the lending business and is an ex-SBA trainer. "These programs are vital not only to the companies that have been affected by the disasters but the economy of the country as well. It is of paramount importance that the business owners have access to these programs," Manning adds. "We do everything for our business client including obtaining the maxmium loan amount that the borrower qualifies for in weeks instead of months or not at all. A study released last year revealed 99% of all loan rejections were due to errors in the paperwork." "That is not possible with us," says DWayne Scott, Director of Administration for SBA LOAN AND DISASTER RELIEF. "We have many safeguards in our system to ensure the borrower does not experience such tragic results," Scott insists. "Many borrowers tell us they would not know what to do on their own and they are grateful for what we do. In fact, not one the client companies currently represented by SBA LOAN AND DISASTER RELIEF were even aware of the program," Scott claimed.