TX 13823-03 Three Weeks Left to Apply for SBA Disaster Loans
SACRAMENTO, Calif. – Pamela Sapia, Director of the U. S. Small Business Administration’s (SBA) San Antonio District Office, announced today that small businesses have until August 22, 2014, to apply for an SBA Economic Injury Disaster Loan (EIDL). “These low-interest federal disaster loans for working capital are available to small businesses as a result of the severe storms and flooding that occurred from October 30 - 31, 2013,” Sapia said today.
Small businesses in the primary Texas counties of Caldwell, Hays and Travis and the neighboring counties of Bastrop, Blanco, Burnet, Comal, Fayette, Gonzales, Guadalupe and Williamson are eligible to apply for these working capital loans.
“Small, nonfarm businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private, nonprofit organizations of any size may qualify for Economic Injury Disaster Loans of up to $2 million to help meet financial obligations and operating expenses which could have been met had the disaster not occurred,” said Sapia.
“These loans may be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact. Disaster loans can provide vital economic assistance to small businesses to help overcome the temporary loss of revenue they are experiencing,” Sapia added.
Eligibility is based on the financial impact of the disaster only and not on any actual property damage. These loans have an interest rate of 4% percent for small businesses and 2.625% for private, nonprofit organizations with terms up to 30 years, and are restricted to small businesses without the financial ability to offset the adverse impact without hardship.
Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure Web site at https://disasterloan.sba.gov/ela.
For owners of these impacted small businesses, disaster loan information and application forms are also available from SBA’s Customer Service Center by calling toll-free at (800) 659-2955 or e-mailing firstname.lastname@example.org. Individuals who are deaf or hard‑of‑hearing may call (800) 877‑8339. For more information about SBA’s disaster assistance programs, visit http://www.sba.gov/disaster.
The filing deadline is August 22, 2014.
SBA Field Operations Center - West, P.O. Box 419004, Sacramento, CA 95841