ATLANTA – The U.S. Small Business Administration (SBA) is reminding businesses in Alabama that Jan. 26 is the filing deadline for federal Economic Injury Disaster Loans (EIDLs) in Alabama due to the severe storms, straight-line winds and tornadoes on March 25-26, 2021.
Small businesses, small agricultural cooperatives, small businesses engaged in aquaculture, and private nonprofit organizations located in the following counties may apply: Bibb, Blount, Calhoun, Chambers, Cherokee, Chilton, Clay, Cleburne, Coosa, Dallas, Etowah, Greene, Hale, Jefferson, Marengo, Perry, Randolph, Saint Clair, Shelby, Talladega, Tallapoosa, Tuscaloosa and Walker in Alabama; and Carroll, Heard and Troup in Georgia.
Working capital disaster loans up to $2 million are available at 3 percent for small businesses, and 2 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 Jan. 26 deadline.
Applicants may apply online at DisasterLoanAssistance.sba.gov/ela/s under SBA declaration # 16937, not for the COVID-19 incident. 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 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 Jan. 26, 2022.
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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 and grow their businesses. It delivers services to people through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit sba.gov.