Deadline For Businesses To Apply For SBA Disaster Loans Is Jan. 30

January 28, 2012

There is still time to apply for U.S. Small Business Administration working capital loans for small businesses in the North Escambia area that were impacted by severe storms, tornadoes, high winds and flooding that occurred from April 15 to May 31, 2011.

“Businesses that suffered economic losses as a result of the disaster and want to apply for low-interest loans from the SBA are urged to do so before the Jan. 30 deadline,” said Frank Skaggs, director of SBA Field Operations Center East.

Economic Injury Disaster Loans (EIDLs) up to $2 million are available at 4 percent for small businesses and 3 percent for private nonprofit organizations of all sizes, with terms up to 30 years. The loans are intended to pay fixed debts, payroll, accounts payable, and other expenses that could have been paid had the disaster not occurred. To be considered for this assistance, disaster victims need to apply by the deadline.

Among the qualified counties for the loans are Santa Rosa and Escambia counties in Florida, and Escambia County, Alabama.

To obtain disaster loan information and application forms, call the SBA’s Customer Service Center at 800-659-2955 (800-877-8339 for deaf and hard-of hearing) or send an email to disastercustomerservice@sba.gov. Loan application forms can also be downloaded from www.sba.gov .

Those affected by the disaster may also apply for disaster loans electronically from the SBA’s website at https://disasterloan.sba.gov/ela/ .

The deadline for economic injury applications is January 30, 2012.

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Written by William Reynolds · Filed Under News