OH 15445 - Deadline Approaching in Ohio for SBA Working Capital Loans Following Secretary of Agriculture Declaration due to Tornado, Excessive Rain, Flooding and High Winds

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

Oct. 16

is the filing deadline for federal economic injury disaster loans in

Ohio

as a result of a tornado, excessive rain, flooding and high winds on Nov. 5, 2017.

This disaster declaration includes the following counties:  Ashtabula, Cuyahoga, Geauga, Lake, Portage, and Trumbull counties in

Ohio.

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 3.385 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

www.sba.gov

.  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

Oct. 16, 2018

.