viconsortium.com Open in urlscan Pro
2a06:98c1:3120::3  Public Scan

Form analysis
3 forms found in the DOM

POST https://viconsortium.com/user-thoughts

<form action="https://viconsortium.com/user-thoughts" method="POST" id="user-thoughts-form" novalidate="novalidate">
  <input class="form-control" id="share_thoughts" name="share_thoughts" type="text" placeholder="Share your thoughts">
  <div class="share-thoughts-form vi_detail_displayn">
    <div class="row">
      <div class="form-group col-sm-12">
        <input class="form-control" readonly="" type="text" name="name" id="name" placeholder="Full Name" value="">
      </div>
      <div class="form-group col-sm-12">
        <textarea name="comment" id="comment" placeholder="Please Write Something..." class="form-control" rows="5"></textarea>
        <input type="hidden" name="content_id" id="content_id" value="10035">
      </div>
      <div class="form-group col-sm-12">
        <button id="submit-btn" class="btn btn-red pull-right">Submit</button>
      </div>
    </div>
  </div>
</form>

POST https://viconsortium.com/signin

<form action="https://viconsortium.com/signin" method="POST" id="login-form" novalidate="novalidate">
  <div class="form-group">
    <input id="email" type="email" class="form-control login-field" name="email" placeholder="Enter your email" value="">
  </div>
  <div class="form-group">
    <input id="password" type="password" class="form-control login-field" name="password" placeholder="Password" value="">
  </div>
  <div class="form-group pull-left">
    <input type="checkbox" name="remember_me"> Remember Me
  </div>
  <div class="form-group pull-right">
    <a href="https://viconsortium.com/forgot-password">Forgot Password</a>
  </div>
  <input type="hidden" id="page_reload_not" value="no">
  <input type="hidden" id="login_urls" value="https://viconsortium.com/signin">
  <div class="clearfix"></div>
  <button href="javascript:void(0);" class="btn btn-red">LOG IN</button>
  <p class="signup-btnn">Don’t have an account? <a href="javascript:void(0);" onclick="signup()">Sign Up</a></p>
</form>

POST https://viconsortium.com/signup

<form id="signup-form" role="form" method="POST" action="https://viconsortium.com/signup" style="display:none;" novalidate="novalidate">
  <div class="form-group">
    <input id="name" type="text" class="form-control login-field" name="name" placeholder="Enter your name" value="">
  </div>
  <div class="form-group">
    <input id="email" type="email" class="form-control login-field" name="email" placeholder="Enter your email" value="">
  </div>
  <div class="form-group">
    <input id="register_password" type="password" class="form-control login-field" name="register_password" placeholder="Password">
  </div>
  <div class="form-group">
    <input class="form-control" id="confirm_password" name="confirm_password" type="password" placeholder="Re-Enter Password">
  </div>
  <div class="form-group">
    <small>By signing up, you agree to receive updates and special offers for The Virgin Islands Consortium products and services. You may unsubscribe at any time. </small>
  </div>
  <div class="clearfix"></div>
  <button href="javascript:void(0);" class="btn btn-red">Create Account</button>
  <p class="login-btnn">Already have an account? <a href="javascript:void(0);" onclick="login()">Log In</a></p>
</form>

Text Content

 * Sections Detail
 * Search


Login

--------------------------------------------------------------------------------

 * September 07, 2023
 * Login

BREAKING


SBA OVERHAULS DISASTER LENDING PROGRAM, DOUBLES HOME LOAN LIMITS AND WAIVES
FIRST-YEAR INTEREST

Federal Published On September 06, 2023 06:54 AM
Ernice Gilbert | September 06, 2023 06:54:37 AM
   
   
 * 0 0 Comments
   

By GETTY IMAGES



The Small Business Administration announced this week a series of major changes
to its disaster lending program to provide enhanced support to disaster
survivors and small businesses. The finalized rule, effective for all federally
declared disasters on or after July 31, 2023, aims to offer more flexible and
affordable disaster loans.



SBA Administrator Isabella Casillas Guzman said that the agency is committed to
providing maximum resources to help communities recover from increasing numbers
of natural disasters fueled by climate change. "These modifications will help
small businesses, nonprofits, renters, and homeowners focus on recovering
quickly so their communities can survive and thrive again," said Ms. Guzman.

Bailey DeVries, associate administrator for investment and innovation and acting
associate administrator for capital access, stated that the changes are the
first of their kind in nearly three decades. "We are more than doubling the caps
for home disaster loans, ensuring that communities have sufficient funding to
rebuild and recover," she said.

Francisco Sánchez Jr., associate administrator of SBA’s Office of Disaster
Recovery and Resilience, added that these new actions continue to reshape SBA’s
disaster strategies, allowing more capital to help rebuild communities and
improve resilience against future disasters.

KEY CHANGES INCLUDE:

 * Increased Loan Limits: Home disaster loans for primary residences will now
   cap at $500,000, up from $200,000. Personal property loan limits have
   increased from $40,000 to $100,000.

 * Removal of Administrative Limit on Landscaping: The $5,000 cap on landscaping
   has been eliminated, now limited only to the overall real estate repair
   limit.

 * Extended Payment Deferral: The initial payment deferment period for all
   disaster loans has been extended from 5 to 12 months, allowing disaster
   survivors more time to recover before making payments.

 * Interest Waiver: Interest will be waived for the first 12 months from the
   date of the initial disbursement for all disaster loans. This change ensures
   that the payment deferment provides genuine relief.

 * Mitigation Disaster Loans: Restrictions have been lifted, allowing property
   owners to use disaster loan funds to mitigate against multiple types of
   disasters.

 * Collateral Requirements: The SBA will no longer require blanket liens on
   business assets that offer no liquidity during default.

 * Reduced Documentation for Reconsideration: Businesses will no longer need to
   submit financial statements with every reconsideration or appeal request for
   a previously declined application.

 * Expanded Eligibility: Consumer or marketing cooperatives are now eligible to
   apply for the Economic Injury Disaster Loan (EIDL) and Military Reservist
   Economic Injury Disaster Loan (MREIDL) programs.
   
   

Tuesday's announcement follows a decision in 2022 by Ms. Guzman to waive the
interest rate for the first year and to automatically extend the initial payment
deferment period to 12 months for disasters declared between Sept. 21, 2022, and
Sept. 30, 2023. These changes are now permanent and will apply to all disaster
loans beyond Sept. 30, 2023.



Get the latest news straight to your phone with the VI Consortium app.





0 COMMENTS

Submit
 * Disqus
 * All
 * Reader's Pick
 * Vic Picks

Sorry, No comment are found for this news.

Sorry, No comment are found for this news.

Sorry, No comment are found for this news.

Please enable JavaScript to view the comments powered by Disqus.


The Virgin Islands Consortium was founded in 2014 by Ernice Gilbert and covers
U.S. Virgin Islands and Caribbean news, politics, opinion, business,
entertainment, culture and much more. Its mission is to offer solid and in-depth
reporting and breaking news coverage on stories affecting the Caribbean, while
providing both prerecorded and live video content, including interviews, shows,
along with Caribbean carnivals and festivals to its users.

USEFUL LINKS

 * Home
 * About us
 * Contact us
 * Terms & Conditons
 * Privacy Policy

NEWS

 * Business
 * Community Center
 * Entertainment
 * Opinion
 * Politics

FOLLOW US

 * 
 * 
 * 
 * 
 * 



COPYRIGHT © 2014-2021 VI Consortium. All Rights Reserved.
×

 * Caribbean
    * Caribbean
    * Jamaica
    * St. Lucia
    * Barbados
    * Trinidad
    * British Virgin Islands
      

 * Virgin Islands
 * Coronavirus
 * Experience The USVI
 * Videos
 * Government
 * USVI Ports HUB
 * Hurricane Season
 * Business
 * Economy
 * WAPA
 * Culture
 * Entertainment
 * 
 * Grocery store deals
   * Pueblo
   * Plaza Extra East
 * Legal Notice
 * Obituary
 * Real Estate
 * Contact Us
 * Send us Tips
 * 
 * More
    * Crime
    * GERS
    * Travel
    * Tourism
    * Education
    * Carnival
    * Health
    * Election
    * Politics
    * Technology
    * Agriculture
    * Art
    * Climate
    * Culinary
    * Site News
    * US
    * Community Center
    * Top Stories
    * Sports
    * Disaster Recovery
    * Disaster Preparedness
    * Taxes
    * Journalism
    * Accidents
    * The Arts
    * Exclusive
    * Race Relations
    * Miscellaneous
    * Science
    * Human Interest
    * Sponsored Content
    * Weather Updates
    * Media
    * Faith
    * Dining
    * Caribbean
    * Investigations
    * VIC Regional News
    * VIC News
    * Judiciary
    * Environment
    * World
    * Wildlife
    * Analysis
    * Legal
    * Development
    * Senate
    * Board Meetings
    * Utopia
    * Federal
    * Opinion
    * PictureSque
      


LOG IN

To save articles or get newsletters, alerts or recommendations – all free.

Remember Me
Forgot Password

LOG IN

Don’t have an account? Sign Up

By signing up, you agree to receive updates and special offers for The Virgin
Islands Consortium products and services. You may unsubscribe at any time.

Create Account

Already have an account? Log In