ATLANTA – The U.S. Small Business Administration (SBA) is reminding private nonprofit organizations (PNPs) that Dec. 22 is the filing deadline for federal economic injury disaster loans for losses due to the severe storms and flooding that occurred Dec. 23 - 24, 2022.
PNPs located in Maine counties of Franklin, Knox, Oxford, Somerset, Waldo, and York are eligible to apply. Examples of eligible non-critical PNP organizations include but are not limited to food kitchens, homeless shelters, museums, libraries, community centers, schools, and colleges.
The SBA offers federal Economic Injury Disaster Loans (EIDL) 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 2.375% and terms up to 30 years. EIDL assistance is available regardless of whether the organization suffered any physical property damage. The SBA sets loan amounts and terms based on each applicant’s financial condition.
To be considered for this assistance, PNPs need to apply by the deadline. Applicants may apply online at sba.gov/disaster under SBA declaration # 17835.
Disaster loan information and application forms may also be obtained by calling the SBA’s Customer Service Center at 800-659-2955 (If you are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services), or by sending an email to DisasterCustomerService@sba.gov. Loan applications can be downloaded from the SBA’s website 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 submit economic injury applications is Dec. 22, 2023.
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About the U.S. Small Business Administration
The U.S. Small Business Administration helps power the American dream of business ownership. 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.