What immediate assistance does the Iowa Department of Economic Development (IDED) offer to assist businesses impacted by the recent floods?
Immediate financial assistance for businesses following disasters, including floods and tornados, is available from Federal Emergency Management Agency (FEMA) and the U.S. Small Business Administration (SBA). The SBA offers disaster recovery loans at 4% for up to 30 yrs at a maximum of $2 million.To qualify for assistance, a victim must be located in one of the Presidential declared disaster counties. A copy of that map is located at www.flood2008.iowa.gov.Step one for all disaster victims seeking federal assistance is to register with FEMA for an identification number. Applicants may register on their website http://www.fema.gov/assistance/index.shtm or by phone by calling 1-800-621-FEMA (3362). Persons with speech or hearing disabilities may call TTY at 1-800-462-7585.Once a FEMA identification number is secured, applicants may file with SBA by downloading an application from their website at: http://www.sba.gov/tools/Forms/smallbusinessforms/daforms/TOOLS_SBF_DISAST_ ASSIST_FORMS.ht
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