?9
Applications For SBA Disaster Loans Are Explained
Thursday, December 29, 1955
home loan, 20 years, generally
MEDFORD (OREGON) MAIL TRIBUNE SEVEK
Vets Should Check Income Forms Here
Procedures for applications
for disaster logns from the
small business administration
were explained today in a re
port from E. O. Sheard, who
arrived in souther Oregon yes
terday from the Portland SBA
office. 0
Headquarters for the agency
are to be set up at Grants Pass,
with a representative to visit
Shady Cove and Rogue River at
a scheduled time.
o 0
The SBA has authorized any
bank in a disaster area to accept
applications for disaster loans
for homes and businesses. Banks
may assist applicant in filling
out application forms and fur
nishing necessary credit infor
mation, the report said, includ
ing an estimate or appraisal of
the loss suffered.
Statements Furnished
Financial and earnings state
ments are to be furnished where
available, otherwise income tax
reports may be used, Sheard
said, A credit report and recom
mendations by the bank should
accompany e a c n application,
which will be sent to the nearest
SBA office.
Speed in handling applica
tions will depend upon complete
ness of data furnished, Sheard
said.
Loans are not made by SBA
without reasonable assurance
that it will be repaid, according
to the report, and sustaining a
loss through disaster does not in
itself entitle a victim to a loan.
Property Loss
Any individual, partnership,
corporation, church, charitable
amount, no loan will be approv
ed for an amount in excess of
paid in monthly installments at
three per cent interest.
The borrower is expected to
pledge such collateral as he has
and is in position to furnish.
Close coordination is main
tained by SBA and Red Cross,
according to Sheard, with his
agency sometimes referring to
Red Cross applicans whose loans
SBA cannot approve and vice
versa. In some instances Red
Cross may approve a grant and
SBA provide the necessary bal
ance in a loan.
institution, or non-profit organi
zation is eligible provided a
property loss was sustained in a
disaster area as designated by
SBA.
Farmers and stockmen should
apply to farmers home adminis
tration, it was said.
Purpose of disaster loans is to
restore victims as nearly as pos
sible to pre-disaster status, and
does not necessarily mean re
storation to the same location.
Although there is no maximum
actual loss sustained or neces
sary to restore property to the
former status, less any amount
of insurance recovery.
Inventory Losses
Prior to filing, applicants
should inventory losses and
amount of insurance recovery.
Loans are not approved where
funds are available through oth
er sources.
Maximum maturity for a busi
ness loan is 10 years and for a
Veterans and widows and
children of veterans who re
ceive annual' income question
naires from the veterans admin
istration have been asked to
contact Service Officer Charles
Holbrook, in the Jackson county
court house.
The questionnaires are sent to
those receiving disability or
death pensions annually because
the pensions are subject to an
nual income legislation. They
require data on the 1955 in
come and the anticipated 195i
income.
Forms must be returned with
in 30 days of receipt, Holbrook
said, or pension payments will
be stopped. Forms should be
checked by Holbrook's office to
insure accuracy and to prevent
loss of payment, Holbrook said.
About 5,260 new cases of
pneumonia are reported each
day in the U. S.
E PAYING TOO MUCH!
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BIG FREE PARKING LOTS
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Downtown Shopping
SIXTH AND GRAPE STREETS
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WEEK UNTIL P.M.
Earjy California
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OLIVES
5 Ounce
cBottles
5 Ounce
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c
S OP'
SMI!
Swanson's Boned Chicken, 5-oz. can 39c-2 for 69c
Swanson's Boned Turkey, 5-oz. can 39c-2 for 69c
Swanson's Chicken Spread, 5-oz. can 21c-2 for 39c
e Swan son 's Chicken A La King 10-oz. can 49c-2 for 89c
Swanson's Chicken Fricassee 14-oz. can 45c-2 for 79c
PACKAGE OF 400 SHEETS
PACKAGE OF 200
SHEETS WHITE ONLY
PKGS
CHOICE OF
WHITE - YELLOW - PINK
A rTj
ZEE
PACKAGE OF 80
ASSORTED
WHITE COLORS
2 PACKAGES 2 PACKAGES
ZEE TOILET TISSUE
Choice of White Foam Green
or Ballet Pink
Roll Pack
35
DENNISON'S CATSUP
2TT
Bottle
Bottles
Dennison's Meat Balls and Gravy........No. 1 can 39c - 2 for 69c
Dennison's Chili Con Carne No. 1 can 29c -"2 for 49c
TE3C
SANITARY NAPKINS
PACKAGE OF 12
2 PACKAGES
IT
Real Gold Beverage Base
Makes 1 Quart 5 Flavor
2 Cans
33e
LEMONADE
ORANGE
ORANGE & GRAPEFRUIT
GRAPE
TROPICAL PUNCH
CHUNG KING
JUMBO SIZE CANS -SERVES 4
Beef Chop Suey 98c
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Mushroom Chow Mein 93e
Just heat and serve Ready in 10 minutes
REGULAR SIZE BAR
for
BATH SIZE BAR
for
CHEF BOY-AR-DEE
Spaghetti Dinner . . pkg. 43c
With Meat Sauce or with
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ghetti Sauce . . . 2 cans 31c
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Bruce Products
Floor Cleaner Quart 89c
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PUSS 'N' BOOTS
CAT
FOOD
8 Ounce
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No. 1,
Can
for W
for 7
DR. ROSS DOG FOOD
No. 1 can ......2 cans 29c
Doggie Bon Bons pkg. 19c
TOASTED VITA MEAL or VITA BITS
15c Off Deal Reg. 79c pkg. - 5 lb. pkg.. . 64c
GROCETERIA FRESH FRUITS & VEGETABLES
Arizona Sunkist
Grapefruit
Sunkist
LEMONS
2 Lbs.
LIMES
Large Size "
6 for
25
HAM FOR CHEW 'YEA
at this SPEC
Armour's Star - Sweetheart and Hormel's Dairy
AL
CE
Short Shank - Tenderized
- Small Family Size -
SWIFT'S PREMIUM BRAND FULLY COOKED
PICNIC
Small Size
Ready To Eat
BORDEN'S ROGUE VALLEY
Thfe Ideal Cheese for
Special Dishes.
U.S. GRADED "CHOICE" STEER
PCMOAST
HORMEL'S BRAND - READY TO EAT
OA
mm m
NC
4 Pounds
Solid Meat
SWIFT'S PREMIUM OR MORRELL'S PRIDE -FULLY COOKED
t
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57
U.S. GRADED "CHOICE" STEER
GROSS RI1R0A
7w-
U.S. GRADED "CHOICE" STEER
T-BOHE STEAK
Truly the Steak
of Distinction.
Aged to Prefection.
87
YOUNG, TENDER, MEATY, FRESH -
i
PMl
MBS
SMALL SIDES
3 lbs. Under Average
Barbecue some for New Year's.
What could be better?
MEAT PRICES GOOD THROUGH SATURDAY
OR UNTIL STOCKS ARE EXHAUSTED
for
20 MULE TEAM BORAX .2 lb. pkg. 35
20 MULE TEAM BORAX ...5 lb. pkg. 79c
BORAXO (CLEhaad?)IRTT 8 ox. can. . .17c lb. can. . .29c
c
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