Disaster press release OH 15021

OH 15021 - SBA Deadline to Apply for Working Capital Loans in West Virginia Due to the 2016 Drought is Approaching

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ATLANTA -

The U.S. Small Business Administration is reminding small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations located in Pleasants, Tyler and Wood counties in

West Virginia

that

Sept. 5

is the filing deadline for federal economic injury disaster loans as a result of the drought from May 24 through Oct. 21, 2016.
“These counties are eligible because they are contiguous to one or more primary counties in

Ohio

. The Small Business Administration recognizes that disasters usually do not stop at county or state lines. For that reason counties adjacent to primary counties named in the declaration are included,” said Frank Skaggs, director of the SBA’s Field Operations Center East in Atlanta.
Under this declaration, the SBA’s Economic Injury Disaster Loan Program is available to eligible farm-related and nonfarm-related entities that suffered financial losses as a direct result of this disaster. With the exception of aquaculture enterprises, SBA cannot provide disaster loans to agricultural producers, farmers, or ranchers. Nurseries are eligible to apply for economic injury disaster loans for losses caused by drought conditions.
The loans are for working capital and can be up to $2 million with interest rates of 2.625 percent for private nonprofit organizations and 4 percent for small businesses, with terms up to 30 years.
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 may also be obtained by calling the SBA’s Customer Service Center at 800-659-2955 (800-877-8339 for the deaf and hard-of-hearing) or by sending an email to

disastercustomerservice@sba.gov

.  Loan applications can be downloaded from the SBA’s website at

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.
Completed loan applications must be returned to SBA no later than

Sept. 5, 2017.


ATLANTA -

The U.S. Small Business Administration is reminding small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations located in Pleasants, Tyler and Wood counties in

West Virginia

that

Sept. 5

is the filing deadline for federal economic injury disaster loans as a result of the drought from May 24 through Oct. 21, 2016.


ATLANTA -


West Virginia


Sept. 5

“These counties are eligible because they are contiguous to one or more primary counties in

Ohio

. The Small Business Administration recognizes that disasters usually do not stop at county or state lines. For that reason counties adjacent to primary counties named in the declaration are included,” said Frank Skaggs, director of the SBA’s Field Operations Center East in Atlanta.


Ohio

Under this declaration, the SBA’s Economic Injury Disaster Loan Program is available to eligible farm-related and nonfarm-related entities that suffered financial losses as a direct result of this disaster. With the exception of aquaculture enterprises, SBA cannot provide disaster loans to agricultural producers, farmers, or ranchers. Nurseries are eligible to apply for economic injury disaster loans for losses caused by drought conditions.
The loans are for working capital and can be up to $2 million with interest rates of 2.625 percent for private nonprofit organizations and 4 percent for small businesses, with terms up to 30 years.
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 may also be obtained by calling the SBA’s Customer Service Center at 800-659-2955 (800-877-8339 for the deaf and hard-of-hearing) or by sending an email to

disastercustomerservice@sba.gov

.  Loan applications can be downloaded from the SBA’s website at

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.
Completed loan applications must be returned to SBA no later than

Sept. 5, 2017.

Sept. 5, 2017.

Related programs: Disaster