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Disaster Press Releases

MN 14064 - Update: SBA Disaster Loans Available in Additional Areas in Minnesota for Private Non-Profit Organizations; Upcoming Deadline Sept. 19

ATLANTA – The U.S. Small Business Administration adds additional areas for disaster assistance and reminds eligible private non-profit (PNP) organizations in Minnesota of the Sept. 19 deadline to submit disaster loan applications for damages caused by severe storms, high winds, flooding, landslides and mudslides from June 11 through July 11, 2014.

The declaration now covers the following parts of MinnesotaBeltrami, Blue Earth, Brown, Carver, Chippewa, Dodge, Faribault, Freeborn, Hennepin, Jackson, Koochiching, Lac Qui Parle, Lake of the Woods, Le Suer, Lyon, Marshall, Martin, McLeod, Murray, Nicollet, Nobles, Pipestone, Ramsey, Redwood, Renville Rice, Rock, Roseau, Scott, Sibley, Steele, Todd, Wadena, Waseca, Watonwan, Wright, and Yellow Medicine counties, and the Bois Forte Band of Chippewa within Koochiching County, Red Lake Band of Chippewa, and Prarie Island Indian Community tribes.

The SBA offers low interest disaster loans to private non-profit organizations for physical losses up to its loan limits.  Approved loans can be increased for protective measures to lessen similar future damages.  Additionally, PNPs can obtain loans for unmet working capital needs.  To be considered for this assistance, PNPs 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.

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. Applications can also be downloaded from the SBA’s website at 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 filing deadline to return applications for physical property damage is September 19, 2014.  The deadline to return economic injury applications is April 21, 2015.

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

Release Number: 
14-339A
Release Date: 
Tuesday, August 26, 2014
Contact: 
Michael Lampton
Related State: 
Minnesota
Field Operations Center: 
East