MA 13556 - Deadline to Apply for Economic Injury Disaster Loans For Boston Marathon Bombing is January 27

Release Date: Thursday, December 26, 2013
Release Number: 14-071
Related State:
Massachusetts
Field Operations Center: East
Contact: Michael Lampton

ATLANTA - The U.S. Small Business Administration is reminding business owners in Massachusetts that working capital loans are still available to small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private non-profit organizations affected by the Boston Marathon Bombing on April 15, 2013.

 

“Businesses that suffered economic losses as a result of the disaster and want to apply for low-interest working capital loans from the SBA are urged to do so before the January 27, 2014 deadline,” said Frank Skaggs, director of SBA Field Operations Center East in Atlanta.

 

Economic Injury Disaster Loans (EIDLs) up to $2 million are available at 2.875 percent for private non-profit organizations of all sizes and 4 percent for small businesses, 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 deadline.

 

These EIDLs are available to small businesses and most private non-profit organizations in Essex, Middlesex, Norfolk and Suffolk counties in Massachusetts.

 

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

 

To obtain disaster loan information and application forms, call the SBA’s Customer Service Center at 800-659-2955 (800-877-8339 for the deaf and hard-of-hearing) or send an email to disastercustomerservice@sba.gov.  Loan application forms can also be downloaded from www.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 for economic injury applications is January 27, 2014.

 

                                                                                       # # #

 

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

Get the Info That Matters Most to You With SBA Direct

Find information on:

(Select your topics)

Get Local Assistance Right in Your Area

Counseling, mentoring, and training from an SBA District Office, SCORE Chapter, Small Biz Development Center or Women’s Biz Center in your area.

FIND RESOURCES

Connect With Us

101 Marietta Street, NW Suite 700
Atlanta, GA 30303
United States
Phone: 404-331-0333
Fax: 404-331-0273 or 1-800-798-3807
TTY/TTD: 404-331-7296
Hours of Operation:
<p>7:00 a.m. to 5:00 p.m. Monday - Friday</p>
Toll Free: 800-659-2955