Disaster press release AS 15446-03

AS 15446-03 SBA Tops $5 Million in Disaster Assistance Loans

SACRAMENTO, Calif. - Director Tanya N. Garfield of the U.S. Small Business Administration’s Disaster Field Operations Center-West announced today that...
Published on by Disaster Field Operations Center West


SACRAMENTO, Calif. -

Director Tanya N. Garfield of the U.S. Small Business Administration’s Disaster Field Operations Center-West announced today that SBA has approved more than $5 million in federal disaster loans for American Samoa businesses and residents impacted by Tropical Storm Gita that occurred Feb. 7-12, 2018. According to Garfield, SBA has approved $495,200 for businesses and $4,597,600 for residents to help rebuild and recover from this disaster.

“Garfield said, “Although the deadline to apply for property damage loans has expired, small businesses and most private nonprofit organizations of any size may continue to apply for an Economic Injury Disaster Loan to help meet working capital needs caused by the disaster. Economic injury assistance is available regardless of whether the business or nonprofit organization suffered any property damage.”

SBA continues to provide one-on-one assistance to disaster loan applicants at the following location on the days and times indicated. No appointment is necessary.

PAGO PAGO




Disaster Recovery Center


Department of Youth and Women’s Affairs



Route 001


American Samoa Government


Pago Pago, American Samoa  96799

Mondays - Saturdays, 8 a.m. - 4 p.m.

Small nonfarm businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations of any size may qualify for an Economic Injury Disaster Loan of up to $2 million to help meet financial obligations and operating expenses which could have been met had the disaster not occurred. These loans may be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact.

These low-interest federal disaster loans are available in the territory of American Samoa. The interest rate is as low as 3.58 percent for businesses and 2.5 percent for private nonprofit organizations with terms up to 30 years. The deadline to submit an Economic Injury Disaster Loan application is Dec. 3, 2018.

Applicants may apply online, receive additional disaster assistance information and download applications at


https://disasterloan.sba.gov/ela


. Applicants may also call SBA’s Customer Service Center at (800) 659‑2955 or email

disastercustomerservice@sba.gov

for more information on SBA disaster assistance. Individuals who are deaf or hard‑of‑hearing may call (800) 877-8339. Completed applications should be mailed to U.S. Small Business Administration, Processing and Disbursement Center,

Related programs: Disaster

Media contacts

U.S. Small Business Administration