WASHINGTON – Low-interest Economic Injury Disaster Loans (EIDLs) from the U.S. Small Business Administration (SBA) are available to North Carolina small businesses, small agricultural cooperatives, small aquaculture businesses and private nonprofit organizations affected by the gas leak explosion on April 10, 2019.
Acting SBA Administrator Christopher Pilkerton made the loans available in response to a letter from Gov. Roy Cooper on April 19, 2019, requesting a disaster declaration by the SBA. The declaration covers Durham County and the adjacent counties of Chatham Granville, Orange, Person and Wake in North Carolina .
“The SBA is strongly committed to providing the people of North Carolina with the most effective and customer-focused response possible to assist small businesses with federal Economic Injury Disaster Loans,” said Pilkerton. “Getting businesses and communities up and running after a disaster is our highest priority at SBA.”
SBA’s Customer Service Representatives will be available at the Business Recovery Center to answer questions about the disaster loan program and help individuals complete their applications.
The Center is located in the following community and is open as indicated:
Durham County
The Durham Tech Small Business Center at the Chesterfield
701 W. Main Street
Suite 203
Durham, NC 27701
Opening: Thursday, May 2, from 10 a.m. to 5 p.m. Hours:
Monday to Friday, from 8:30 a.m. to 5 p.m.
Saturday, May 4, from 10 a.m. to 1 p.m.
Closed: Sunday, May 6
Closes: Thursday, May 9 from 8:30 a.m. to 4 p.m.
“The SBA can help affected small businesses and nonprofit organizations overcome their economic losses by offering working capital loans, but the help cannot start until they submit an SBA disaster loan application to us,” said SBA’s North Carolina Acting District Director Michael Arriola.
Eligible entities may qualify for loans up to $2 million. The SBA offers economic injury loans to help meet working capital needs caused by the disaster. The rates on theses loan are 4 percent for small businesses and 2.75 percent for nonprofit organizations with terms up to 30 years. Eligibility for these working capital loans are based on the size and type of business and its financial resources. These working capital loans may be used to pay fixed debts, payroll, accounts payable, and other bills that could have been paid had the disaster not occurred. The loans are not intended to replace lost sales or profits. Economic Injury Disaster Loan assistance is available regardless of whether the business suffered any physical property damage.
Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at DisasterLoan.sba.gov.
Businesses and individuals 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. Completed applications should be returned to the center or 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 Jan. 30, 2020 .
About the U.S. Small Business Administration
The U.S. Small Business Administration makes the American dream of business ownership a reality. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov .
WASHINGTON – Low-interest Economic Injury Disaster Loans (EIDLs) from the U.S. Small Business Administration (SBA) are available to North Carolina small businesses, small agricultural cooperatives, small aquaculture businesses and private nonprofit organizations affected by the gas leak explosion on April 10, 2019.
Acting SBA Administrator Christopher Pilkerton made the loans available in response to a letter from Gov. Roy Cooper on April 19, 2019, requesting a disaster declaration by the SBA. The declaration covers Durham County and the adjacent counties of Chatham Granville, Orange, Person and Wake in North Carolina .
“The SBA is strongly committed to providing the people of North Carolina with the most effective and customer-focused response possible to assist small businesses with federal Economic Injury Disaster Loans,” said Pilkerton. “Getting businesses and communities up and running after a disaster is our highest priority at SBA.”
SBA’s Customer Service Representatives will be available at the Business Recovery Center to answer questions about the disaster loan program and help individuals complete their applications.
The Center is located in the following community and is open as indicated:
Durham County
The Durham Tech Small Business Center at the Chesterfield
701 W. Main Street
Suite 203
Durham, NC 27701
Opening: Thursday, May 2, from 10 a.m. to 5 p.m. Hours:
Monday to Friday, from 8:30 a.m. to 5 p.m.
Saturday, May 4, from 10 a.m. to 1 p.m.
Closed: Sunday, May 6
Closes: Thursday, May 9 from 8:30 a.m. to 4 p.m.
“The SBA can help affected small businesses and nonprofit organizations overcome their economic losses by offering working capital loans, but the help cannot start until they submit an SBA disaster loan application to us,” said SBA’s North Carolina Acting District Director Michael Arriola.
WASHINGTON – Low-interest Economic Injury Disaster Loans (EIDLs) from the U.S. Small Business Administration (SBA) are available to North Carolina small businesses, small agricultural cooperatives, small aquaculture businesses and private nonprofit organizations affected by the gas leak explosion on April 10, 2019.
WASHINGTON
Acting SBA Administrator Christopher Pilkerton made the loans available in response to a letter from Gov. Roy Cooper on April 19, 2019, requesting a disaster declaration by the SBA. The declaration covers Durham County and the adjacent counties of Chatham Granville, Orange, Person and Wake in North Carolina .
North Carolina
“The SBA is strongly committed to providing the people of North Carolina with the most effective and customer-focused response possible to assist small businesses with federal Economic Injury Disaster Loans,” said Pilkerton. “Getting businesses and communities up and running after a disaster is our highest priority at SBA.”
North Carolina
SBA’s Customer Service Representatives will be available at the Business Recovery Center to answer questions about the disaster loan program and help individuals complete their applications.
The Center is located in the following community and is open as indicated:
Durham County
Durham County
The Durham Tech Small Business Center at the Chesterfield
701 W. Main Street
Suite 203
Durham, NC 27701
Opening: Thursday, May 2, from 10 a.m. to 5 p.m. Hours:
Monday to Friday, from 8:30 a.m. to 5 p.m.
Saturday, May 4, from 10 a.m. to 1 p.m.
Closed: Sunday, May 6
Closes: Thursday, May 9 from 8:30 a.m. to 4 p.m.
“The SBA can help affected small businesses and nonprofit organizations overcome their economic losses by offering working capital loans, but the help cannot start until they submit an SBA disaster loan application to us,” said SBA’s North Carolina Acting District Director Michael Arriola.
Eligible entities may qualify for loans up to $2 million. The SBA offers economic injury loans to help meet working capital needs caused by the disaster. The rates on theses loan are 4 percent for small businesses and 2.75 percent for nonprofit organizations with terms up to 30 years. Eligibility for these working capital loans are based on the size and type of business and its financial resources. These working capital loans may be used to pay fixed debts, payroll, accounts payable, and other bills that could have been paid had the disaster not occurred. The loans are not intended to replace lost sales or profits. Economic Injury Disaster Loan assistance is available regardless of whether the business suffered any physical property damage.
Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at DisasterLoan.sba.gov.
Businesses and individuals 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. Completed applications should be returned to the center or 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 Jan. 30, 2020 .
Jan. 30, 2020
About the U.S. Small Business Administration
About the U.S. Small Business Administration
The U.S. Small Business Administration makes the American dream of business ownership a reality. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov .