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Presidential Declaration of a Major Disaster for the Commonwealth of Puerto Rico

This is a Notice of the Presidential declaration of a major disaster for the Commonwealth of Puerto Rico (FEMA-4473-DR), dated 01/ 16/2020. Incident: Earthquakes. Incident Perio...

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Small Business Administration

[Disaster Declaration #16253 and #16254; PUERTO RICO Disaster Number PR-00034]

AGENCY:

U.S. Small Business Administration.

ACTION:

Notice.

SUMMARY:

This is a Notice of the Presidential declaration of a major disaster for the Commonwealth of Puerto Rico (FEMA-4473-DR), dated 01/16/2020.

Incident: Earthquakes.

Incident Period: 12/28/2019 and continuing.

DATES:

Issued on 01/16/2020.

Physical Loan Application Deadline Date: 03/16/2020.

Economic Injury (EIDL) Loan Application Deadline Date: 10/16/2020.

ADDRESSES:

Submit completed loan applications to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.

FOR FURTHER INFORMATION CONTACT:

A. Escobar, Office of Disaster Assistance, U.S. Small Business Administration, 409 3rd Street SW, Suite 6050, Washington, DC 20416, (202) 205-6734.

SUPPLEMENTARY INFORMATION:

Notice is hereby given that as a result of the President's major disaster declaration on 01/16/2020, applications for disaster loans may be filed at the address listed above or other locally announced locations.

The following areas have been determined to be adversely affected by the disaster:

Primary Municipalities (Physical Damage and Economic Injury Loans): Guanica, Guayanilla, Penuelas, Ponce, Utuado, Yauco.

Contiguous Municipalities (Economic Injury Loans Only):

Puerto Rico: Adjuntas, Arecibo, Ciales, Hatillo, Jayuya, Juana Diaz, Lajas, Lares, Maricao, Sabana Grande.

The Interest Rates are:

	Percent
For Physical Damage:
Homeowners with Credit Available Elsewhere	3.000
Homeowners without Credit Available Elsewhere	1.500
Businesses with Credit Available Elsewhere	7.750
Businesses without Credit Available Elsewhere	3.875
Non-Profit Organizations with Credit Available Elsewhere	2.750
Non-Profit Organizations without Credit Available Elsewhere	2.750
For Economic Injury:
Businesses & Small Agricultural Cooperatives without Credit Available Elsewhere	3.875
Non-Profit Organizations without Credit Available Elsewhere	2.750

The number assigned to this disaster for physical damage is 162532 and for economic injury is 162540.

(Catalog of Federal Domestic Assistance Number 59008)

James Rivera,

Associate Administrator for Disaster Assistance.

[FR Doc. 2020-01169 Filed 1-23-20; 8:45 am]

BILLING CODE 8026-03-P

Legal Citation

Federal Register Citation

Use this for formal legal and research references to the published document.

85 FR 4346

Web Citation

Suggested Web Citation

Use this when citing the archival web version of the document.

“Presidential Declaration of a Major Disaster for the Commonwealth of Puerto Rico,” thefederalregister.org (January 24, 2020), https://thefederalregister.org/documents/2020-01169/presidential-declaration-of-a-major-disaster-for-the-commonwealth-of-puerto-rico.