ATLANTA
– The U.S. Small Business Administration reminds businesses of all sizes, private nonprofit organizations, homeowners, and renters in
Illinois
of the deadline to submit disaster loan applications for damages caused by severe storms and flooding on July 11-27, 2017. The deadline to submit applications for physical damage is
Jan. 12, 2018.
Low-interest disaster loans are available in Lake County and the contiguous counties of Cook and McHenry in
Illinois;
and the adjacent county of Kenosha in
Wisconsin
.
Businesses of any size and nonprofit organizations may borrow up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory, and other business assets.
For small businesses, small agricultural cooperatives, small aquaculture businesses and private, nonprofit organizations, the SBA offers Economic Injury Disaster Loans (EIDLs) to help meet working capital needs caused by the disaster. EIDL assistance is available regardless of whether the business suffered any physical property damage.
Loans up to $200,000 are available to homeowners to repair or replace damaged or destroyed real estate. Homeowners and renters are eligible for loans up to $40,000 to repair or replace damaged or destroyed personal property.
Interest rates are as low as 3.215 percent for businesses, 2.500 percent for nonprofit organizations, and 1.938 percent for homeowners and renters with terms up to 30 years. Loan amounts and terms are set by the SBA and are based on each applicant’s financial condition.
Applicants may be eligible for a loan amount increase up to 20 percent of their physical damages, as verified by the SBA for mitigation purposes. Eligible mitigation improvements may include a safe room or storm shelter to help protect property and occupants from future damage caused by a similar disaster.
Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at
https://disasterloan.sba.gov/ela
.
Businesses and individuals 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
.
Completed applications should be returned to the centers or mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
The filing deadline to submit applications for physical property damage is
Jan. 12, 2018
. The deadline for economic injury applications is
Aug. 13, 2018
.
ATLANTA
– The U.S. Small Business Administration reminds businesses of all sizes, private nonprofit organizations, homeowners, and renters in
Illinois
of the deadline to submit disaster loan applications for damages caused by severe storms and flooding on July 11-27, 2017. The deadline to submit applications for physical damage is
Jan. 12, 2018.
ATLANTA
Illinois
Jan. 12, 2018.
Low-interest disaster loans are available in Lake County and the contiguous counties of Cook and McHenry in
Illinois;
and the adjacent county of Kenosha in
Wisconsin
.
Illinois;
Wisconsin
Businesses of any size and nonprofit organizations may borrow up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory, and other business assets.
For small businesses, small agricultural cooperatives, small aquaculture businesses and private, nonprofit organizations, the SBA offers Economic Injury Disaster Loans (EIDLs) to help meet working capital needs caused by the disaster. EIDL assistance is available regardless of whether the business suffered any physical property damage.
Loans up to $200,000 are available to homeowners to repair or replace damaged or destroyed real estate. Homeowners and renters are eligible for loans up to $40,000 to repair or replace damaged or destroyed personal property.
Interest rates are as low as 3.215 percent for businesses, 2.500 percent for nonprofit organizations, and 1.938 percent for homeowners and renters with terms up to 30 years. Loan amounts and terms are set by the SBA and are based on each applicant’s financial condition.
Applicants may be eligible for a loan amount increase up to 20 percent of their physical damages, as verified by the SBA for mitigation purposes. Eligible mitigation improvements may include a safe room or storm shelter to help protect property and occupants from future damage caused by a similar disaster.
Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at
https://disasterloan.sba.gov/ela
.
Businesses and individuals 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
.
Completed applications should be returned to the centers or mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
The filing deadline to submit applications for physical property damage is
Jan. 12, 2018
. The deadline for economic injury applications is
Aug. 13, 2018
.
Jan. 12, 2018
Aug. 13, 2018