AL 13334 - Deadline to Apply for Economic Injury Disaster Loans in Alabama is June 3

Release Date: Friday, May 3, 2013
Release Number: 13-535
Related State:
Alabama
Field Operations Center: East
Contact: Michael Lampton
ATLANTA - The U.S. Small Business Administration is reminding small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private non-profit organizations of all sizes that June 3 is the filing deadline for federal economic injury disaster loans. Thes loans are available in Alabama as a result of the excessive rain, high winds, and flooding associated with Hurricane Isaac on August 28 - 30, 2012.
 
This declaration includes the following counties: Baldwin, Butler, Choctaw, Clarke, Dallas, Greene, Hale, Lowndes, Marengo, Mobile, Monroe, Perry, Sumter, Washington and Wilcox in Alabama.
 
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 3 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 June 3, 2013.
 
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