ATLANTA – The U.S. Small Business Administration (SBA) is reminding private nonprofit organizations (PNPs) in Tennessee that Feb. 8 is the filing deadline for federal Economic Injury Disaster Loans (EIDLs) for working capital needs resulting from the severe storms, tornadoes and flooding from
March 25 through April 3, 2021.
PNPs located in counties Campbell, Cannon, Cheatham, Claiborne, Clay, Davidson, Decatur, Fentress, Grainger, Hardeman, Henderson, Hickman, Jackson, Madison, Marion, Maury, McNairy, Moore, Overton, Scott, Smith, Wayne, Williamson and Wilson in Tennessee are eligible to apply.
The SBA offers EIDLs to help eligible non-critical PNP organizations meet their working capital needs such as ongoing operating expenses. Loan amounts can be up to $2 million with an interest rate of 2 percent and terms up to 30 years. The SBA sets loan amounts and terms based on each applicant’s financial condition. Examples of eligible non-critical PNP organizations include, but are not limited to, food kitchens, homeless shelters, museums, libraries, community centers, schools and colleges.
Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at DisasterLoan.sba.gov/ela/s/ and should apply under SBA declaration # 16973 and not for the COVID-19 incident.
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 sending an email to DisasterCustomerService@sba.gov. Loan applications can also be downloaded at sba.gov/disaster. Completed paper applications should be mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
The deadline to submit economic injury applications is Feb. 8, 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, 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 sba.gov.