News Column

SBA Disaster Loan Deadline in North Carolina is Sept. 8; Small Business Owners Still Have Time to Apply

August 21, 2014



By a News Reporter-Staff News Editor at Politics & Government Week -- The U.S. Small Business Administration is reminding small businesses that Sept. 8 is the filing deadline for federal economic injury disaster loans in North Carolina as a result of excessive rain and flooding beginning Jan. 1, 2013.

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The disaster declaration includes the following counties: Alleghany, Ashe, Alexander, Caldwell, Chatham, Cumberland, Durham, Franklin, Granville, Harnett, Henderson, Iredell, Johnston, Lee, Moore, Person, Polk, Rutherford, Sampson, Surry, Vance, Wake, Watauga, Wilkes and Yadkin.

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 working capital loan amount can be up to $2 million with interest rates as low as 4 percent for eligible small businesses and 2.875 percent for non-profit organizations with terms up to 30 years.

Applicants may apply online using the Electronic Loan Application (ELA) via SBA's secure website at https://disasterloan.sba.gov/ela.

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 September 8, 2014.

For more information about the SBA's Disaster Loan Program, visit our website at www.sba.gov.

Keywords for this news article include: U.S. Small Business Administration, Government Agencies Offices and Entities.

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Source: Politics & Government Week


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