Me (Anthony Bauer) and my friend, Frank Adinolfe are mentioned in this article.
SOUTHWEST FLORIDA WEDNESDAY, OCTOBER 27, 2004 THE NEWS-PRESS news-press.com HURRICANE CHARLEY Local & State B3 Groups announce more federal disaster aid BY JOAN D. LAGUARDIA jlaguardianews-press.com Victims of Hurricane Charley, including those who already got federal aid or settled with insurance companies, still might be eligible for low-interest federal loans. Those loans could cover new hurricane shutters, seawalls and other items to permanently reduce or lessen damage from future hurricanes. As opportunities for federal assistance continue, the amount paid out in Florida surpassed $1.7 billion and will undoubtedly reach $2 billioa Small Business Association and Federal Emergency Management Agency spokesmen in Orlando updated disaster recovery news Tuesday. They said federal aid to Florida's hurricane victims includes more than $700 million from FEMA to individual households. More than 1 million households registered for help. The Department of Children & Families has provided $151 million, said Mike Stone, of the State Emergency Response Team. The SBA has approved 9,953 loans for $314.3 million to homeowners, renters and businesses, said Anthony Bauer, spokesman for the SBA. It now will consider loan applications from property owners who want . to install foundation bolts, tie-downs, framing anchors, sewage backflow valves or anything else used for damage mitigation, Bauer said. The current SBA interest rate is 3.187 percent. It is a fixed, simple interest rate. More than 697,000 Floridians have applied for SBA loans. Those who already have an SBA loan are automatically eligible to apply for a mitigation loan for up to 20 percent of the value of their existing repair loan, said Frank Adinolfe, SBA spokesman. Applicants who do not qualify for an SBA loan to cover repairs are not eligible for a mitigation loan. Those who have never applied for WHO TO CALL To register for federal assistance, call (800) 621-3362. The TTY number is (800) 462-7585 for those with speech or hearing impairment. To get housing provided by FEMA, call (888) 472-1727. To contact the SBA directly, call (800) 359-2227. For crisis counseling assistance, call (866) 518-1825. news-press.com Dealing with disaster Get hurricane recovery information and more on the Florida Division of Emergency Management site FEMA aid or an SBA loan, still may do so through Dec. 11. Adinolfe urged anyone who has not already registered with FEMA and the SBA to do so. Even applicants with available credit and insurance could still qualify for an SBA loan, he said. As insurers begin to settle claims, property owners might become eligible for an SBA loan for items insurance would not cover. Elaine and Joseph Molinaro, of Cape Coral, are an example. "We were referred to the SBA for a loan after FEMA refused us, and it was after the insurance," Elaine Molinaro said. "The SBA picked up the balance of the money that we didn't have. We were told we had good credit, and we did get the 3.187 percent I will also say the SBA was very prompt and very professional," she said. Unlike FEMA the SBA may offer a loan to cover insurance deductibles. "We will be able to work with the case, looking at what exactly we can help with," Adinolfe said. COUNTY BREAKDOWNS Here's a breakdown of SBA loans in Southwest Florida. LEE COUNTY Home: 787 loans totaling $19.9 million Business: 241 loans totaling $9.3 million. Total: 1,028 loans totaling $29.2 million CHARLOTTE COUNTY Home: 1,826 loans totaling $72.1 million Business: 461 loans totaling $19.6 million Total: 2,287 loans totaling $91.7 million ' COLLIER COUNTY Home: 4 loans totaling $70,400 Business: 7 loans totaling $440,800 -Total: 11 loans totaling $511,200 DESOTO COUNTY Home: 285 loans totaling $10.8 million . Business: 90 loans totaling $4.6 million Total: 375 loans totaling $15.4 million