SACRAMENTO, Calif. –
Director Tanya N. Garfield of the U.S. Small Business Administration’s Disaster Field Operations Center - West today reminded private nonprofit organizations in Maui County of the Dec. 5 deadline to apply for an SBA federal disaster loan for property damage caused by severe storms, flooding, landslides and mudslides that occurred Sept. 11-14, 2016. Private nonprofits that provide essential services of a governmental nature are eligible for assistance.
According to Garfield, eligible private nonprofits of any size may apply for SBA federal disaster loans of up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory and other business assets. SBA can also lend additional funds to help with the cost of making improvements that protect, prevent or minimize the same type of disaster damage from occurring in the future.
In addition, SBA offers Economic Injury Disaster Loans to help eligible private nonprofits 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 private nonprofit suffered any property damage. Private nonprofits have until July 6, 2017, to apply for an SBA economic injury disaster loan.
The interest rate is 2.625 percent with terms up to 30 years. Loan amounts and terms are set by SBA and based on each applicant’s financial condition.
Applicants may apply online using 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
. Completed applications should be mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
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SACRAMENTO, Calif. –
Director Tanya N. Garfield of the U.S. Small Business Administration’s Disaster Field Operations Center - West today reminded private nonprofit organizations in Maui County of the Dec. 5 deadline to apply for an SBA federal disaster loan for property damage caused by severe storms, flooding, landslides and mudslides that occurred Sept. 11-14, 2016. Private nonprofits that provide essential services of a governmental nature are eligible for assistance.
SACRAMENTO, Calif. –
According to Garfield, eligible private nonprofits of any size may apply for SBA federal disaster loans of up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory and other business assets. SBA can also lend additional funds to help with the cost of making improvements that protect, prevent or minimize the same type of disaster damage from occurring in the future.
In addition, SBA offers Economic Injury Disaster Loans to help eligible private nonprofits 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 private nonprofit suffered any property damage. Private nonprofits have until July 6, 2017, to apply for an SBA economic injury disaster loan.
The interest rate is 2.625 percent with terms up to 30 years. Loan amounts and terms are set by SBA and based on each applicant’s financial condition.
Applicants may apply online using 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
. Completed applications should be mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
# # #