SACRAMENTO, Calif.
– Director Tanya N. Garfield of the U.S. Small Business Administration’s (SBA) Disaster Field Operations Center - West today reminded private nonprofit (PNP) organizations on Rota, Saipan and Tinian of the
May 5, 2016
, deadline to apply for an SBA federal disaster loan for economic injury caused by Typhoon Soudelor that occurred Aug. 1-3, 2015. PNPs that provide essential services of a governmental nature are eligible for assistance.
According to Garfield, eligible PNPs of any size may apply for SBA Economic Injury Disaster Loans (EIDLs) of up to $2 million to help meet working capital needs caused by the disaster. “EIDLs may be used to pay fixed debts, payroll, accounts payable and other bills that cannot be paid because of the disaster’s impact. EIDL assistance is available regardless of whether the PNP suffered any property damage,” Garfield said.
These low-interest federal disaster loans are available in the islands of Rota, Saipan, and Tinian.
The interest rate is 2.625 percent with terms up to 30 years. Loan amounts and terms are set by SBA and are based on each applicant’s financial condition.
Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at
https://disasterloan.sba.gov/ela
.
Disaster loan information and application forms are also available from SBA’s Customer Service Center by calling (800) 659-2955 or emailing
disastercustomerservice@sba.gov
. Individuals who are deaf or hard‑of‑hearing may call (800) 877-8339. For more disaster assistance information or to download applications, visit
https://www.sba.gov/disaster
. Completed applications should be mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
SACRAMENTO, Calif.
– Director Tanya N. Garfield of the U.S. Small Business Administration’s (SBA) Disaster Field Operations Center - West today reminded private nonprofit (PNP) organizations on Rota, Saipan and Tinian of the
May 5, 2016
, deadline to apply for an SBA federal disaster loan for economic injury caused by Typhoon Soudelor that occurred Aug. 1-3, 2015. PNPs that provide essential services of a governmental nature are eligible for assistance.
SACRAMENTO, Calif.
May 5, 2016
According to Garfield, eligible PNPs of any size may apply for SBA Economic Injury Disaster Loans (EIDLs) of up to $2 million to help meet working capital needs caused by the disaster. “EIDLs may be used to pay fixed debts, payroll, accounts payable and other bills that cannot be paid because of the disaster’s impact. EIDL assistance is available regardless of whether the PNP suffered any property damage,” Garfield said.
These low-interest federal disaster loans are available in the islands of Rota, Saipan, and Tinian.
The interest rate is 2.625 percent with terms up to 30 years. Loan amounts and terms are set by SBA and are based on each applicant’s financial condition.
Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at
https://disasterloan.sba.gov/ela
.
Disaster loan information and application forms are also available from SBA’s Customer Service Center by calling (800) 659-2955 or emailing
disastercustomerservice@sba.gov
. Individuals who are deaf or hard‑of‑hearing may call (800) 877-8339. For more disaster assistance information or to download applications, visit
https://www.sba.gov/disaster
. Completed applications should be mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.