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AC town hall to address mitigation, recovery efforts

SBA SBA will address residents' concerns tonight. ATLANTIC CITY – Two representatives from the Small Business Administration are scheduled to be on hand for an Atlantic City Town Hall meeting 6-8 p.m. tonight (Monday. Feb. 11) in City Hall, 1301 Bacharach Blvd.

FEMA and storm damage mitigation programs are among the scheduled discussion topics.

Home owners, renters and business owners have until March 1, 2013 to file for a disaster loan from the Small Business Administration.

Karen Knapik, public affairs specialist for SBA, said SBA loans help cover the cost of recovering from disaster not covered by direct assistance from FEMA and other agencies.

Knapik said sometimes people don’t realize they need SBA help until it’s too late. With deadlines having already been extended, it’s wise to get your application in, she said.

Even if you are not sure that you will need a loan or if you quality, apply anyway by the deadline, she said, that way the option is open for you to accept a loan in the future, which can be as low as 1.688 percent for home owners, 4 percent for business owners and 3 percent for non-pofits.

The meeting is in the second floor council chambers.

Learn more at http://www.sba.gov/category/navigation-structure/loans-grants/small-business-loans/disaster-loans


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