Loans Impacting Grant Money for Sandy Victims

When Superstorm Sandy left Denise Erickson’s home with a collapsed foundation, a loan from the Small Business Administration looked like the best deal in town.

Toms River, N.J., resident Douglas Quinn in Newark, N.J., on Nov. 14, 2014, showing a photo of damage to his home after Superstorm Sandy. He says that his insurance company now says that the damage was pre-existing and refuses his claim. AP Photo/Mel Evans

Jordan Farkas at his home in Long Beach, N.Y. on Dec. 1, 2014. Some homeowners whose property was ravaged by Superstorm Sandy say they are being denied assistance from other programs because they took out low-interest federal loans right after the storm on the advice of federal workers. AP Photo/Seth Wenig