Disaster press release AL 14634

AL 14634 - SBA Deadline to Apply for Economic Injury Disaster Loans in Alabama for Severe Storm, Strong Winds and Tornado is Nov. 18

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ATLANTA –

The U.S. Small Business Administration reminds small businesses, small agricultural cooperatives, small aquaculture businesses and most private nonprofit organizations in

Alabama

of the deadline to submit disaster loan applications for damages caused by severe storms, strong winds and tornado on Feb 2-3, 2016.

“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

Nov. 18

deadline,” said Frank Skaggs, director of SBA Field Operations Center East.

Low-interest disaster loans are available in following counties:  Fayette, Greene, Lamar, Pickens, Sumter and Tuscaloosa in

Alabama

and Lowndes and Noxubee in

Mississippi

Working capital disaster loans up to $2 million are available at 4 percent for small businesses, and 2.625 percent for private nonprofit organizations 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, eligible entities need to apply by the deadline.

Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at

https://disasterloan.sba.gov/ela


.

Businesses may also obtain information and loan applications by calling the SBA’s Customer Service Center at 1-800-659-2955 (1-800-877-8339 for the deaf and hard-of-hearing), or by emailing

disastercustomerservice@sba.gov

. Loan applications can also be downloaded at

www.sba.gov/disaster


. Completed applications should be returned to the center or mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.

The deadline to return economic injury applications is

Nov. 18, 2016


.


ATLANTA –

The U.S. Small Business Administration reminds small businesses, small agricultural cooperatives, small aquaculture businesses and most private nonprofit organizations in

Alabama

of the deadline to submit disaster loan applications for damages caused by severe storms, strong winds and tornado on Feb 2-3, 2016.


ATLANTA –


Alabama

“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

Nov. 18

deadline,” said Frank Skaggs, director of SBA Field Operations Center East.


Nov. 18

Low-interest disaster loans are available in following counties:  Fayette, Greene, Lamar, Pickens, Sumter and Tuscaloosa in

Alabama

and Lowndes and Noxubee in

Mississippi


Alabama


Mississippi

Working capital disaster loans up to $2 million are available at 4 percent for small businesses, and 2.625 percent for private nonprofit organizations 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, eligible entities need to apply by the deadline.

Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at

https://disasterloan.sba.gov/ela


.

Businesses may also obtain information and loan applications by calling the SBA’s Customer Service Center at 1-800-659-2955 (1-800-877-8339 for the deaf and hard-of-hearing), or by emailing

disastercustomerservice@sba.gov

. Loan applications can also be downloaded at

www.sba.gov/disaster


. Completed applications should be returned to the center or mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.

The deadline to return economic injury applications is

Nov. 18, 2016


.

Nov. 18, 2016

Related programs: Disaster