SACRAMENTO, Calif. –
Low-interest federal disaster loans are now available to certain private nonprofit organizations on the Lake Traverse Reservation following the amendment to President Trump’s Feb. 1, 2017, major disaster declaration for Public Assistance as a result of the severe winter storm that occurred Dec. 24-26, 2016, announced Administrator Linda McMahon of the U.S. Small Business Administration. Private nonprofits that provide essential services of a governmental nature are eligible for assistance.
SBA disaster assistance is available in Butte, Clark, Codington, Day, Deuel, Dewey, Edmunds, Fall River, Faulk, Grant, Haakon, Hamlin, Harding, Jackson, Jones, Marshall, McPherson, Meade, Pennington, Perkins, Roberts, Stanley, Sully and Ziebach counties; the Cheyenne River Sioux Tribe within Dewey and Ziebach counties; the Lake Traverse Reservation; and the Oglala Sioux Tribe within Jackson County.
“Private nonprofit organizations should contact Tyler Steen, manager of the Mitigation and Recovery Branch, at the South Dakota Office of Emergency Management by calling (605) 773-3231 or emailing
to provide information about their organization,” said Director Tanya N. Garfield of SBA’s Disaster Field Operations Center-West. FEMA will use that information to determine if the private nonprofit provides an “essential governmental service” and is a “critical facility” as defined by law. If so, FEMA may provide the private nonprofit with a Public Assistance grant for their eligible costs. If not, FEMA may refer the private nonprofit to SBA for disaster loan assistance.
SBA may lend private nonprofits up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory and other business assets. SBA can also lend additional funds to help with the cost of improvements to protect, prevent or minimize the same type of disaster damage from occurring in the future.
For certain private nonprofit organizations of any size, SBA also offers Economic Injury Disaster Loans to help meet working capital needs caused by the disaster. Economic Injury Disaster Loans may be used to pay fixed debts, payroll, accounts payable and other bills that cannot be paid because of the disaster’s impact. Economic injury assistance is available regardless of whether the private nonprofit suffered any property damage.
The interest rate is 2.5 percent with terms up to 30 years. The filing deadline to return applications for property damage is April 3, 2017. The deadline to return economic injury applications is Nov. 1, 2017.
Applicants may apply online using 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 to download applications, visit
https://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.
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SACRAMENTO, Calif. –
Low-interest federal disaster loans are now available to certain private nonprofit organizations on the Lake Traverse Reservation following the amendment to President Trump’s Feb. 1, 2017, major disaster declaration for Public Assistance as a result of the severe winter storm that occurred Dec. 24-26, 2016, announced Administrator Linda McMahon of the U.S. Small Business Administration. Private nonprofits that provide essential services of a governmental nature are eligible for assistance.
SACRAMENTO, Calif. –
SBA disaster assistance is available in Butte, Clark, Codington, Day, Deuel, Dewey, Edmunds, Fall River, Faulk, Grant, Haakon, Hamlin, Harding, Jackson, Jones, Marshall, McPherson, Meade, Pennington, Perkins, Roberts, Stanley, Sully and Ziebach counties; the Cheyenne River Sioux Tribe within Dewey and Ziebach counties; the Lake Traverse Reservation; and the Oglala Sioux Tribe within Jackson County.
“Private nonprofit organizations should contact Tyler Steen, manager of the Mitigation and Recovery Branch, at the South Dakota Office of Emergency Management by calling (605) 773-3231 or emailing
to provide information about their organization,” said Director Tanya N. Garfield of SBA’s Disaster Field Operations Center-West. FEMA will use that information to determine if the private nonprofit provides an “essential governmental service” and is a “critical facility” as defined by law. If so, FEMA may provide the private nonprofit with a Public Assistance grant for their eligible costs. If not, FEMA may refer the private nonprofit to SBA for disaster loan assistance.
SBA may lend private nonprofits up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory and other business assets. SBA can also lend additional funds to help with the cost of improvements to protect, prevent or minimize the same type of disaster damage from occurring in the future.
For certain private nonprofit organizations of any size, SBA also offers Economic Injury Disaster Loans to help meet working capital needs caused by the disaster. Economic Injury Disaster Loans may be used to pay fixed debts, payroll, accounts payable and other bills that cannot be paid because of the disaster’s impact. Economic injury assistance is available regardless of whether the private nonprofit suffered any property damage.
The interest rate is 2.5 percent with terms up to 30 years. The filing deadline to return applications for property damage is April 3, 2017. The deadline to return economic injury applications is Nov. 1, 2017.
Applicants may apply online using 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 to download applications, visit
https://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.
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