If I had it to do over, I would never take a cent from the government after a catastrophe!!! And I lost everything.
I got $25,000 emergency funds and now 3 years later they have decided it was a loan and want it back plus interest and penalties of another $9,000.
I about passed out when I opened the letter on Christmas Eve.
“I got $25,000 emergency funds and now 3 years later they have decided it was a loan and want it back plus interest and penalties of another $9,000.
I about passed out when I opened the letter on Christmas Eve.”
Just WOW!
Look carefully at the paperwork you signed. I'm betting there are loan documents in there somewhere. I haven't looked at things in a couple of decades, but it used to be the first $1000 from FEMA was free money. Until you got more through the SBA's ODA, at which point the first $1000 was rolled into the loan.
Now, the SBA can be (or at least was) sloppy with its documentation, so you might want a lawyer in your state to look at the documents.
The greediest entity on earth is not a corporation, although corporate greed does exist.
The greediest entity on earth is our federal government.