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Disaster Press Releases

WV 13045 - Deadline to Apply for Economic Injury Disaster Loans in West Virginia is December 17

ATLANTA - The U.S. Small Business Administration is reminding businesses in West Virginia 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 severe storms, tornadoes, flooding, mudslides and landslides between Feb. 29 and Mar. 5, 2012.
 
“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 Dec. 17, deadline,” said Frank Skaggs, director of SBA Field Operations Center East.
 
Economic Injury Disaster Loans (EIDLs) up to $2 million are available at 3 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, disaster survivors need to apply by the deadline.
 
These EIDLs are available to small businesses and most private non-profit organizations in the following counties: Boone, Cabell, Harrison, Kanawha, Lincoln, Logan, Marion, Mingo, Monongalia, Putnam, Taylor, Wayne and Wetzel in West Virginia; Boyd, Lawrence and Martin in Kentucky; and Lawrence County in Ohio.
 
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. 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 December 17, 2012.
 
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Release Number: 
13-098
Release Date: 
Wednesday, November 21, 2012
Contact: 
Michael Lampton
Related State: 
West Virginia
Kentucky
Ohio
Field Operations Center: 
East