Disaster Loan Center Now Open in Worcester County - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

Disaster Loan Center Now Open in Worcester County

Posted:

OCEAN PINES, Md.- In an effort to make applying for low interest loans for the U.S. Small Business Administration as easy as possible in Worcester County, the SBA has opened a disaster loan outreach center. The center opened on Friday, and is located at the Ocean Pines Library. SBA officials are on hand to help people with their loan applications.

Many people in Worcester County are still repairing damage from Hurricane Sandy, and the low-interest loans are meant to help with costs that are not covered by insurance.

"Homeowners can get up to $200,000 and renters up to $40,000 to replace their damaged property. Our interest rates are 1.68 percent. It's pretty darn good. You can't get that kind of money elsewhere," said SBA Public Affairs Specialist, Karen Knapsik.

According to SBA officials, the amount of people that have applied for loans is far less than they anticipated. They hope that if people have questions or concerns, they visit the outreach center. Those who took the time to apply already said it was a very quick process.

The process was very easy. The gentleman that helped me through the electronic application was great and it's no hassle," said Eric Waterman of Ocean City.

The center will be closed on Sunday, but will reopen again Monday morning until Thursday evening. The hours are 9 a.m. to 6 p.m.

You can also visit www.sba.gov/disaster or call 1-800-659-2955 to apply for the loans.

 

  • Most Popular StoriesMost Popular StoriesMore>>

  • Woman Killed in Crash West of Millsboro

    Woman Killed in Crash West of Millsboro

    Saturday, April 19 2014 10:04 AM EDT2014-04-19 14:04:50 GMT
    Delaware State Police are investigating a two vehicle crash which has left a 59-year-old woman dead, on Conaway Road.More
    Delaware State Police are investigating a two vehicle crash which has left a 59-year-old woman dead, on Conaway Road.More
  • Delmarva Chicken Festival to End in 2014

    Delmarva Chicken Festival to End in 2014

    Friday, April 18 2014 3:52 PM EDT2014-04-18 19:52:53 GMT
    The Delmarva Chicken Festival is making its last run this year after 65 years on the Delmarva Peninsula.More
    The Delmarva Chicken Festival is making its last run this year after 65 years on the Delmarva Peninsula.More
  • Pastor Carries Cross from Georgetown to Rehoboth Beach

    Pastor Carries Cross from Georgetown to Rehoboth Beach

    Friday, April 18 2014 11:22 PM EDT2014-04-19 03:22:29 GMT
    GEORGETOWN, Del.- About 16 miles separates Georgetown from Rehoboth Beach. That may not sound like a long distance. But picture doing it by foot."We're carrying a cross all the way from the circle in Georgetown on route 9 all the way to Rehoboth," said Pastor Joel Hitchcock of River City Church. Pastor Hitchcock alongside others spent Good Friday carrying a cross. His logic behind it all was simple."The reason for carrying this cross is to remind people of the main reason for Easter."When we ...More
    GEORGETOWN, Del.- About 16 miles separates Georgetown from Rehoboth Beach. That may not sound like a long distance. But picture doing it by foot."We're carrying a cross all the way from the circle in Georgetown on route 9 all the way to Rehoboth," said Pastor Joel Hitchcock of River City Church. Pastor Hitchcock alongside others spent Good Friday carrying a cross. His logic behind it all was simple."The reason for carrying this cross is to remind people of the main reason for Easter."When we ...More
Powered by WorldNow

All content © Copyright 2000 - 2014 Worldnow and WBOC. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service