Disaster press release MS 15335

MS 15335 - Deadline Approaching in Alabama for SBA Working Capital Loans Due to Rain, Flash Flooding and Flooding

...


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

May 29

is the filing deadline for federal economic injury disaster loans in Choctaw, Mobile, Sumter and Washington counties in

Alabama

as a result of rain, flash flooding and flooding that began on April 1, 2017.

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

Mississippi

.  The Small Business Administration recognizes that disasters do not usually 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 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.

The loans are for working capital and can be up to $2 million with interest rates of 3.15 percent for eligible small businesses and 2.5 percent for nonprofit organizations, and terms up to 30 years.

Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at

DisasterLoan.sba.gov

.

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

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

May 29, 2018.


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

May 29

is the filing deadline for federal economic injury disaster loans in Choctaw, Mobile, Sumter and Washington counties in

Alabama

as a result of rain, flash flooding and flooding that began on April 1, 2017.


ATLANTA -


May 29


Alabama

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

Mississippi

.  The Small Business Administration recognizes that disasters do not usually 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 SBA’s Field Operations Center East in Atlanta.


Mississippi

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.

The loans are for working capital and can be up to $2 million with interest rates of 3.15 percent for eligible small businesses and 2.5 percent for nonprofit organizations, and terms up to 30 years.

Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at

DisasterLoan.sba.gov

.

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

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

May 29, 2018.

May 29, 2018.

Related programs: Disaster