SBA approves disaster loans for Hurricane Matthew relief

In this Thursday, Nov. 3, 2016 photo, Jason Meier paints flood damaged wall studs in his flood damaged home in Virginia Beach, Va. Hundreds of homes in the area were damaged from floodwaters from the remnants of Hurricane Matthew. (AP Photo/Steve Helber)

HAMPTON ROADS, Va. (WAVY) – The Small Business Administration has approved more than $5 million in disaster loans for businesses affected by Hurricane Matthew.

SBA disaster loans are available to businesses of all sizes, most private nonprofit organizations, homeowners and renters to cover uninsured losses from the disaster.

The SBA says to be considered for all forms of disaster assistance, applicants should register online or download the FEMA mobile app.

If online or mobile access is unavailable, applicants should call the FEMA toll-free helpline at 800-621-3362. Those who use 711-Relay or Video Relay Services should call 800-621-3362.

Applicants may apply online using the Electronic Loan Application via SBA’s secure website.

The filing deadline to return applications for physical property damage is Jan. 3, 2017. The deadline to return economic injury applications is Aug. 2, 2017.