You are here
OR 13752-02 SBA Announces Application Deadline for Oregon Small Businesses Economically Impacted by the Multiple Fire Complexes
Sacramento, CA – Camron A. Doss, Director of the U. S. Small Business Administration’s (SBA) Portland District Office announced today that small businesses have until June 6, 2014, to apply for SBA Economic Injury Disaster Loans (EIDL). “These low-interest federal disaster loans are available to small businesses for working capital needs as a result of the Multiple Fire Complexes (Douglas Complex, Big Windy Complex, Whiskey Complex, Labrador Fire and Brimstone Fire) that occurred July 26 - September 30, 2013,” Doss said today.
Small businesses in Deschutes and Josephine Counties, the neighboring Oregon counties of Crook, Curry, Douglas, Harney, Jackson, Jefferson, Klamath, Lake, Lane and Linn and the neighboring California counties of Del Norte and Siskiyou 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 (EIDLs) of up to $2 million to help meet financial obligations and operating expenses which could have been met had the disaster not occurred,” said Doss.
“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,” Doss 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 2.875 percent 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.
SBA Field Operations Center - West, P.O. Box 419004, Sacramento, CA 95841
# # #