Coronavirus (COVID-19): Relief options and Additional Resources
CLICK HERE Close

SBA Offers Disaster Assistance to Nebraska Small Businesses Economically Impacted by the Coronavirus (COVID-19)

Nebraska now eligible for SBA Economic Injury Disaster Loans
Release Date: 
Friday, March 20, 2020
Release Number: 
NE 16371-01
Advisory Date: 
Friday, March 20, 2020
Advisory Number: 
NE 16371-01
Contact: 
Elizabeth Yearwood, 402-221-7200

SACRAMENTO, Calif. – The U.S. Small Business Administration is offering low-interest federal disaster loans for working capital to Nebraska small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19), SBA Administrator Jovita Carranza announced today. SBA acted under its own authority, as provided by the Coronavirus Preparedness and Response Supplemental Appropriations Act that was recently signed by the President, to declare a disaster following a request received from Gov. Pete Ricketts on March 17, 2020.

The disaster declaration makes SBA assistance available in the entire state of Nebraska and the neighboring counties below.

Neighboring Colorado counties: Logan, Phillips, Sedgwick, Weld and Yuma;
Neighboring Iowa counties: Fremont, Harrison, Mills, Monona, Pottawattamie and Woodbury;
Neighboring Kansas counties: Brown, Cheyenne, Decatur, Doniphan, Jewell, Marshall, Nemaha, Norton, Phillips, Rawlins, Republic, Smith and Washington;
Neighboring Missouri counties: Atchison and Holt;
Neighboring South Dakota counties: Bennett, Bon Homme, Charles Mix, Clay, Fall River, Gregory, Oglala Lakota, Todd, Tripp, Union and Yankton;
Neighboring Wyoming counties: Goshen, Laramie and Niobrara.

“SBA is strongly committed to providing the most effective and customer-focused response possible to assist Nebraska small businesses with federal disaster loans. We will be swift in our efforts to help these small businesses recover from the financial impacts of the Coronavirus (COVID-19),” said Administrator Carranza.

SBA Customer Service Representatives will be available to answer questions about SBA’s Economic Injury Disaster Loan program and explain the application process.

“Small businesses, private non-profit organizations of any size, small agricultural cooperatives and small aquaculture enterprises that have been financially impacted as a direct result of the Coronavirus (COVID-19) since Jan. 31, 2020, 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 Carranza.

“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,” Carranza added.
Eligibility for Economic Injury Disaster Loans is based on the financial impact of the Coronavirus
(COVID-19). The interest rate is 3.75 percent for small businesses. The interest rate for private nonprofit
organizations is 2.75 percent. SBA offers loans with long-term repayments in order to keep
payments affordable, up to a maximum of 30 years and are available to entities without the financial
ability to offset the adverse impact without hardship.

Applicants may apply online, receive additional disaster assistance information and download
applications at https://disasterloan.sba.gov/ela. Applicants may also call SBA’s Customer
Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more
information on SBA disaster assistance. Individuals who are deaf or hard-of-hearing may call
(800) 877-8339. 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 apply for an Economic Injury Disaster Loan is Dec. 21, 2020.

For more information about Coronavirus, please visit: Coronavirus.gov.
For more information about available SBA resources and services, please visit SBA.Gov/coronavirus
###
About the U.S. Small Business Administration
The U.S. Small Business Administration makes the American dream of business ownership a reality. As
the only go-to resource and voice for small businesses backed by the strength of the federal
government, the SBA empowers entrepreneurs and small business owners with the resources and
support they need to start, grow or expand their businesses, or recover from a declared disaster. It
delivers services through an extensive network of SBA field offices and partnerships with public and
private organizations. To learn more, visit www.sba.gov.