SACRAMENTO, Calif. –
District Director Linda Nelson of the U.S. Small Business Administration’s (SBA) Arkansas District Office, today reminded small businesses in Arkansas, Missouri, Mississippi, Oklahoma and Texas of the Nov. 7, 2016, deadline to apply for an SBA federal disaster loan for economic injury caused by severe storms, tornadoes, straight-line winds and flooding that that occurred Dec. 26, 2015 - Jan. 22, 2016.
According to Nelson, 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 (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 applicant suffered any property damage,” Nelson said.
These low-interest federal disaster loans are available in the following counties:
Arkansas counties - Arkansas, Benton, Boone, Carroll, Cleburne, Cleveland, Conway, Craighead, Crawford, Crittenden, Cross, Faulkner, Franklin, Garland, Grant, Hempstead, Howard, Independence, Jackson, Jefferson, Lawrence, Lee, Lincoln, Little River, Logan, Lonoke, Madison, Miller, Monroe, Newton, Perry, Phillips, Poinsett, Polk, Pulaski, Saint Francis, Saline, Scott, Sebastian, Sevier, Van Buren, Washington, White, Woodruff and Yell
Missouri counties - Barry, McDonald, Stone and Taney
Mississippi county - Tunica
Oklahoma counties - Adair, Delaware, Le Flore, McCurtain and Sequoyah
Texas county - Bowie
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 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 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.
# # #
SACRAMENTO, Calif. –
District Director Linda Nelson of the U.S. Small Business Administration’s (SBA) Arkansas District Office, today reminded small businesses in Arkansas, Missouri, Mississippi, Oklahoma and Texas of the Nov. 7, 2016, deadline to apply for an SBA federal disaster loan for economic injury caused by severe storms, tornadoes, straight-line winds and flooding that that occurred Dec. 26, 2015 - Jan. 22, 2016.
SACRAMENTO, Calif. –
According to Nelson, 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 (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 applicant suffered any property damage,” Nelson said.
These low-interest federal disaster loans are available in the following counties:
Arkansas counties - Arkansas, Benton, Boone, Carroll, Cleburne, Cleveland, Conway, Craighead, Crawford, Crittenden, Cross, Faulkner, Franklin, Garland, Grant, Hempstead, Howard, Independence, Jackson, Jefferson, Lawrence, Lee, Lincoln, Little River, Logan, Lonoke, Madison, Miller, Monroe, Newton, Perry, Phillips, Poinsett, Polk, Pulaski, Saint Francis, Saline, Scott, Sebastian, Sevier, Van Buren, Washington, White, Woodruff and Yell
Missouri counties - Barry, McDonald, Stone and Taney
Mississippi county - Tunica
Oklahoma counties - Adair, Delaware, Le Flore, McCurtain and Sequoyah
Texas county - Bowie
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 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 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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