Disaster press release MD 14800

MD 14800 - Deadline Approaching to Apply for Working Capital Loans For Heavy Rains and Flooding in Maryland

...


ATLANTA –

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

Maryland

of the deadline to submit disaster loan applications for economic injury caused by the heavy rains and flooding on July 30, 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

May 10, 2017

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

Low-interest disaster loans are available in the following counties: Howard County and the adjacent counties of Anne Arundel, Baltimore, Carroll, Frederick, Montgomery and Prince George’s in

Maryland

.

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.

Survivors 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 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

May 10, 2017


.


ATLANTA –

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

Maryland

of the deadline to submit disaster loan applications for economic injury caused by the heavy rains and flooding on July 30, 2016.


ATLANTA –


Maryland

“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

May 10, 2017

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


May 10, 2017

Low-interest disaster loans are available in the following counties: Howard County and the adjacent counties of Anne Arundel, Baltimore, Carroll, Frederick, Montgomery and Prince George’s in

Maryland

.


Maryland

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.

Survivors 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 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

May 10, 2017


.

May 10, 2017

Related programs: Disaster