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Disaster Press Releases

PA 13778 - Pennsylvania Deadline to Apply for SBA Working Capital Disaster Loans is June 24

 
ATLANTA – The U.S. Small Business Administration is reminding businesses in Pennsylvania that working capital disaster loans are still available to small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private non-profit organizations affected by storms and severe weather between Aug. 28 and Sept. 3, 2013. 
 
These loans are available to small businesses and most private non-profit organizations in Allegheny, Armstrong, Butler, Clarion, Indiana, Jefferson and Westmoreland counties in Pennsylvania.
“Businesses that suffered economic losses as a result of the disaster and want to apply for low-interest loans from the SBA are urged to do so before the June 24 deadline,” said Frank Skaggs, director of SBA Field Operations Center East in Atlanta.
 
Working capital disaster loans 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.
 
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 June 24, 2014.
 
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Release Number: 
14-240
Release Date: 
Thursday, May 22, 2014
Contact: 
Michael Lampton
Related State: 
Pennsylvania
Field Operations Center: 
East