ATLANTA – The U.S. Small Business Administration reminds eligible Private Non-Profit Organizations (PNPs) of the March 1, 2010 deadline to submit disaster loan applications for Economic Injury caused by severe storms, tornadoes, flooding and mudslides that occurred from May 3 - 20, 2009.
Private Non-Profit Organizations (PNPs) located in Ballard, Breathitt, Carlisle, Clay, Crittenden, Estill, Floyd, Fulton, Grayson, Hickman, Jackson, Knott, Lawrence, Lee, Leslie, Letcher, Madison, Magoffin, Marshall, Owsley, Perry, Pike, Russell and Trigg in Kentucky are eligible to apply to SBA. Eligible PNPs are those that provide non critical services such as: food kitchens, homeless shelters, museums, libraries, community centers, schools and colleges.
SBA offers Economic Injury Disaster Loans to help meet working capital needs, such as ongoing operating expenses for PNP organizations of all sizes. Economic Injury Disaster Loan assistance is available regardless of whether the business suffered any physical property damage.
Interest rates are as low as 4 percent with terms up to 30 years. Loan amounts and terms are set by the SBA and are based on each applicant’s financial condition.
Disaster loan information and application forms may be obtained by calling the SBA’s Disaster Assistance Customer Service Center at 800-659-2955 (for the hearing-impaired 800-877-8339) Monday through Friday from 8 a.m. to 6 p.m. EST or by sending an e-mail to email@example.com. Those affected by the disaster may apply for disaster loans from SBA’s secure Web site at https://disasterloan.sba.gov/ela/. Applications can also be downloaded from www.sba.gov/services/disasterassistance. 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 return economic injury applications is March 1, 2010.