The U.S. Small Business Administration (SBA) has awarded 106 disaster loans to Hurricane Sandy victims in Connecticut, totaling to $6.1 million, as of Dec. 10.
Home and business owners affected by the storm can apply for the long-term, low-interest loans of up to $2 million to replace damaged real estate, equipment, inventory and other assets.
The deadline for applying for physical damage loans has been extended one month, from Dec. 31, 2012 to Jan. 28, 2013. Economic injury loan applications are due July 31, 2013.
“We are pleased to get these loans approved so residents in the disaster area can start to rebuild and resume their normal lives,” said Frank Skaggs, director of the SBA’s field operations center East in Atlanta, in a press release. “I encourage anyone who has not completed their disaster loan application to do so and return it as quickly as possible.”