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Our way -- insurance you're having trouble and your insurance companies another place you can turn.
Is the US Small Business Administration I'm joined now by -- Jamison.
Who is the -- who is with the office of disaster assistance.
The US small -- administration great to see much thank you for being here.
A lot of people not have.
Happy with their insurance companies you must have been a -- -- Yes and that's one reason that's it's always good to register with FEMA.
And fill out and return the SBA disaster loan assistance application because.
We can often times make a -- for disaster there.
So they've done through the main role.
That the SBA has played in -- situation.
Has been getting loans to those business owners I guess.
Well we also loaned people money for repairs to their homes as well as for renters for their contents.
And -- we do a lot of that disaster loans four.
People's homes for repair and replacement of homes as well as for contents we've approved.
Over 680 million dollars in the state of New Jersey.
And 680 million dollar 680 million dollars and dad have vast majority of that is for homeowners and renters.
Now I didn't know how does that -- dead and sync -- with a business though.
If if -- -- getting their insurance money they come to you they say we need a loan I'm gonna start rebuilding we need to look and then if they eventually get back to.
Money from their insurance company then they can simply -- -- alone with that so it's a way to -- -- -- -- And that's exactly how works is that they come -- SBA.
And as we can approve them alone we approve them alone they take disbursement on that.
And then once insurance does settle with them that money goes to pay down the SBA loan so those that are left with the difference between.
You're in their total disaster damages and what insurance would -- would be the remainder on -- SBA look.
And that's how old and how I'm.
Have you seen any new deal -- In desperation I guess of the office of disaster assistance what does -- how do you rate this what you've seen here over the last few months you've been here since November how does -- rate compared to other disasters you've had to go into and help people.
I don't compare disasters because we -- individuals disaster.
Critical and so life altering to them and so I can't compare disasters.
Supplies that to say.
People are very resilient team in this area.
And I think that they're going to recover.
And they're going to come back stronger than before you -- you real spirit here yes yes I I definitely have.
Rebuilding around here and I've seen that spirit expressed.
Both in word and indeed.
Perhaps we'll -- you not helping you clean up tea you're you're based in Atlanta is home.
You within the US Small Business Administration you've been helped his since November I mean you -- that I mean.
You're heroes of this is well in -- it's very easy for people in these situations I think.
To criticize insurance companies and this -- there's all finishes with a to criticize government response for you guys.
-- -- for these people.
Well I'm I'm not I'm no hero.
I appreciate that but I'm no hero that the best thing I can do.
He's encouraged people to return there SBA disaster loan assistance applications.
And after that I can listen to -- listening to them tell their stories and.
There's -- terrible stories disaster -- Those that's two big goals I have done here is -- -- people to return SBA disaster loan applications and to listen.
-- and then the homeowners.
Business owners -- as anybody is that there right now and who is not done that there's still help available.
Yes they're still help available.
-- disaster deadline was extended to may first -- can still register with FEMA and you can still -- that SBA disaster loan application.
And for homeowners and renters if we can't approved a loan for you in many cases we can refer you to possible grant eligibility -- when he was grant programs.
So it's very important that they return -- SBA disaster loan -- Right may have another month to do it from today.
Yes there all right not Jamison of that Small Business Administration thank you very much for being his --
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