Post-Sandy Federal Loans Handed Out from WNY Office

November 1, 2012 Updated Nov 1, 2012 at 6:45 PM EDT

By WKBW News

...
November 1, 2012 Updated Nov 1, 2012 at 6:45 PM EDT


BUFFALO (WKBW) In the aftermath of Hurricane Sandy, thousands are still cleaning up and assessing all the damage the superstorm caused. For those without insurance and in need of help, a local office right here in Western New York is lending a helping hand.

You may think a company called the Small Business Administration would be all about small start-up companies or struggling mom-and-pop businesses. But when disaster strikes, they also provide much needed financial assistance. And the place you call just happens to be in downtown Buffalo.

The one and only Disaster Assistance Customer Service Center on Elmwood Avenue has been flooded with calls since the superstorm struck the East coast. They provide low interest, federally funded loans to the uninsured and under-insured after natural disasters like Sandy hit. More than 100 people work in the office, with even more being trained, to help those who have lost everything without a way to replace it.

"We're the ones who provide the private sector help to all the small businesses out there, to all those homeowners, all those renters who don't have adequate insurance. They turn to the SBA, that's our mission and that's what we do," center Director William Leggiero said.

The call center is expected to receive call in the hundreds of thousands before this is all over, and hand out loans that total in the billions.

If you or someone you know has suffered a large loss because of Hurricane Sandy and do not have the insurance to cover it, and want to learn more about the disaster relief loans from the SBA, head to www.SBA.gov