Gillibrand Urges SBA to Expedite Disaster Loans for Nearly One Thousand Small Biz and Homeowners Devastated by Superstorm Sandy

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    By New York RealEstateRama -

    New York, NY – June 10, 2013 – (RealEstateRama) — With nearly one thousand New Yorkers facing delays on securing Sandy-related federal loans and hundreds more still waiting on a final decision on their disaster loan applications, U.S. Senator Kirsten Gillibrand today urged the U.S. Small Business Administration (SBA) to expedite and streamline the disaster loan application process for New York businesses and homeowners devastated by Superstorm Sandy. Senator Gillibrand is also urging the agency to ensure that disaster loans are in fact low-interest, since the SBA has discretion to set the interest rate for each individual applicant, with rates set as high as eight percent

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