ATLANTA – The U.S. Small Business Administration reminds eligible Private Non-Profit Organizations (PNPs) in eight Mississippi counties that Feb. 14, 2011 is the deadline to submit Economic Injury Disaster Loan applications. The loans are available from the SBA because of the severe storms, tornadoes and flooding that occurred from May 1-2, 2010.
These loans are available to PNPs located in the following Mississippi counties: Alcorn, Benton, Marshall, Panola, Prentiss, Tippah, Tishomingo and Union.
The SBA offers Economic Injury Disaster Loans to help meet working capital needs such as ongoing operating expenses for eligible non-critical PNP organizations. This assistance is available regardless of whether the organization suffered any physical property damage. Loan amounts can be up to $2 million, and the interest rate is 3 percent with terms up to 30 years. The SBA sets loan amounts and terms based on each applicant’s financial condition.
Disaster loan information and application forms may be obtained by calling the SBA’s Customer Service Center at 800-659-2955 (800-877-8339 for people with speech or hearing disabilities) Monday through Friday from 8 a.m. to 6 p.m. ET or by sending an e-mail to firstname.lastname@example.org. Applications can also be downloaded from www.sba.gov. Completed applications should be mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Forth Worth, TX 76155.
Organizations affected by the disaster may apply for disaster loans from SBA’s secure website at https://disasterloan.sba.gov/ela/.
The filing deadline to return economic injury applications is February 14, 2011.
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For more information about the SBA’s Disaster Loan Programs, visit our website at www.sba.gov.