August 2007

Gulf Coast borrowers may request SBA reinstatement

If your Small Business Administration loan was cancelled following Hurricanes Katrina, Rita, or Wilma in 2005, you may request reinstatement until Jan. 31, 2008.

The SBA has attempted to get in touch with all borrowers whose loans were cancelled last fall without prior contact by the agency, and will continue its outreach. The agency encourages Katrina, Rita and Wilma borrowers whose loans have been cancelled to contact SBA’s Customer Service Center if they would like the loan to be reinstated.

Interested borrowers may need to update their file data with new telephone numbers and, in some cases, new addresses. Financial information may need to be updated as well.

SBA’s Disaster Assistance Customer Service Center is open Monday through Friday from 8 a.m. to 9 p.m. (EDT). The toll-free number is 800-659-2955 or you can email SBA at Disastercustomerservice@sba.gov.

Source: Small Business Administration, www.sba.gov

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