Disaster press release TN 15018

TN 15018 - Aug. 15 is the SBA Deadline to Apply for Working Capital Loans in North Carolina Due to the October 2016 Drought

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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 that

Aug. 15

is the filing deadline for federal economic injury disaster loans that are available in Graham, Haywood, Madison and Swain counties located in

North Carolina

as a result of the drought that began on Oct. 4, 2016.
“These counties are eligible because they are contiguous to one or more primary counties in

Tennessee

. 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

Aug. 15, 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 that

Aug. 15

is the filing deadline for federal economic injury disaster loans that are available in Graham, Haywood, Madison and Swain counties located in

North Carolina

as a result of the drought that began on Oct. 4, 2016.


ATLANTA -


Aug. 15


North Carolina

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

Tennessee

. 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.


Tennessee

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

Aug. 15, 2017.


Completed loan applications must be returned to SBA no later than

Aug. 15, 2017.

Related programs: Disaster