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NE 13827-03 Private, Non-profit Organizations have Three Weeks Left to Apply for SBA Disaster Loans
SACRAMENTO, Calif. – Leon J. Milobar, Director of the U. S. Small Business Administration’s (SBA) Nebraska District Office, announced today that private nonprofit organizations (PNPs) who have suffered economic injury as a result of the severe storms, winter storms, tornadoes and flooding that occurred October 2 - 6, 2013, still have three weeks remaining to apply for assistance.
The deadline to apply for a federal SBA Economic Injury Disaster Loan (EIDL) is August 25, 2014.
According to Milobar, for private, nonprofit organizations of any size, SBA offers EIDLs of up to $2 million to help meet working capital needs caused by the disaster. “EIDLs may be used to pay fixed debts, payroll, accounts payable and other bills that cannot be paid because of the disaster’s impact. EIDL assistance is available regardless of whether the nonprofit suffered any property damage,” Milobar said.
These low-interest federal disaster loans are available to Nebraska PNPs in the counties of Adams, Dawes, Dixon, Greeley, Howard, Sheridan, Sherman, Sioux, Thurston and Wayne.
The interest rate is 2.875 percent with terms up to 30 years. Loan amounts and terms are set by SBA and are based on each applicant’s financial condition.
Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure Web site at https://disasterloan.sba.gov/ela.
Disaster loan information and application forms are also available from SBA’s Customer Service Center by calling (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.
SBA Field Operations Center - West, P.O. Box 419004, Sacramento, CA 95841