SACRAMENTO, Calif. –
District Director Michael Ricks of the U.S. Small Business Administration’s Louisiana District Office, today reminded Louisiana small businesses of the Dec. 13, 2016, deadline to apply for an SBA federal disaster loan for economic injury caused by severe storms and flooding that occurred March 8 - April 8, 2016.
According to Ricks, small nonfarm businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations of any size may apply for Economic Injury Disaster Loans of up to $2 million to help meet working capital needs caused by the disaster. “Economic Injury Disaster Loans may be used to pay fixed debts, payroll, accounts payable and other bills that cannot be paid because of the disaster’s impact. Economic injury assistance is available regardless of whether the applicant suffered any property damage,” Ricks said.
These low-interest federal disaster loans are available in Allen, Ascension, Assumption, Avoyelles, Beauregard, Bienville, Bossier, Caddo, Calcasieu, Caldwell, Cameron, Catahoula, Claiborne, Concordia, De Soto, East Baton Rouge, East Carroll, East Feliciana, Evangeline, Franklin, Grant, Iberville, Jackson, Jefferson, Jefferson Davis, La Salle, Lincoln, Livingston, Madison, Morehouse, Natchitoches, Orleans, Ouachita, Pointe Coupee, Rapides, Red River, Richland, Sabine, St. Charles, St. Helena, St. James, St. John the Baptist, St. Landry, St. Tammany, Tangipahoa, Tensas, Union, Vernon, Washington, Webster, West Carroll, West Feliciana and Winn parishes in Louisiana; Ashley, Chicot, Columbia, Lafayette, Miller and Union counties in Arkansas; Amite, Hancock, Issaquena, Marion, Pearl River, Pike, Walthall and Warren counties in Mississippi; and Cass, Harrison, Marion, Newton, Orange, Panola, Sabine and Shelby counties in Texas.
The interest rate is 4 percent for businesses and 2.625 percent for private nonprofit organizations 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 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. –
District Director Michael Ricks of the U.S. Small Business Administration’s Louisiana District Office, today reminded Louisiana small businesses of the Dec. 13, 2016, deadline to apply for an SBA federal disaster loan for economic injury caused by severe storms and flooding that occurred March 8 - April 8, 2016.
SACRAMENTO, Calif. –
According to Ricks, small nonfarm businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations of any size may apply for Economic Injury Disaster Loans of up to $2 million to help meet working capital needs caused by the disaster. “Economic Injury Disaster Loans may be used to pay fixed debts, payroll, accounts payable and other bills that cannot be paid because of the disaster’s impact. Economic injury assistance is available regardless of whether the applicant suffered any property damage,” Ricks said.
These low-interest federal disaster loans are available in Allen, Ascension, Assumption, Avoyelles, Beauregard, Bienville, Bossier, Caddo, Calcasieu, Caldwell, Cameron, Catahoula, Claiborne, Concordia, De Soto, East Baton Rouge, East Carroll, East Feliciana, Evangeline, Franklin, Grant, Iberville, Jackson, Jefferson, Jefferson Davis, La Salle, Lincoln, Livingston, Madison, Morehouse, Natchitoches, Orleans, Ouachita, Pointe Coupee, Rapides, Red River, Richland, Sabine, St. Charles, St. Helena, St. James, St. John the Baptist, St. Landry, St. Tammany, Tangipahoa, Tensas, Union, Vernon, Washington, Webster, West Carroll, West Feliciana and Winn parishes in Louisiana; Ashley, Chicot, Columbia, Lafayette, Miller and Union counties in Arkansas; Amite, Hancock, Issaquena, Marion, Pearl River, Pike, Walthall and Warren counties in Mississippi; and Cass, Harrison, Marion, Newton, Orange, Panola, Sabine and Shelby counties in Texas.
The interest rate is 4 percent for businesses and 2.625 percent for private nonprofit organizations 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 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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