The U.S. Small Business Administration which provides the majority of disaster assistance through loans is requiring disaster victims to use the SBA portal to apply for assistance.
While the agency claims the portal system speeds up the process for the victim there are some issues to avoid.
Don’t lose your login information. No one will be able to help you get back into your account and you will have to start over.
Don’t make entry mistakes on important items such as your social security number. One mistake on a single digit can take weeks to correct.
Do turn in what the portal requires during the seven-day period allowed. If you don’t SBA will withdraw your file and it will be up to you to file a reconsideration explaining why you did not provide the information in the time allowed. They may or may not accept your reconsideration to apply.
While the disaster assistance program provides financing that can not be matched for victims with no credit available elsewhere, the new system does have its problems.
If you need professional assistance that is what we do and you may contact us at any time to represent you.