Monday, July 7, 2014

Deadline Approaching to Apply for Economic Injury Disaster Loans in Florida's Fishery Failure


ATLANTA - The U.S. Small Business Administration is reminding small businesses, small agricultural cooperatives, small aquaculture businesses and most private non-profit organizations affected by the failure in the state's commercial oyster fishery industry from Jan. 1, 2012 through Dec. 31, 2013 that the deadline to apply for economic injury loans is July 31.  

These loans are available to small businesses and most private non-profit organizations in Franklin, Gulf, Liberty and Wakulla counties in Florida.Working capital disaster loans up to $2 million are available at 3 percent for private non-profit organizations 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, eligible entities need to apply by the deadline.

Contact:  Applicants may apply online using the Electronic Loan Application (ELA) via SBA's secure website athttps://disasterloan.sba.gov/ela.

Applications and program information are available by calling the SBA's Customer Service Center at 1-800-659-2955  or by sending an email to disastercustomerservice@sba.gov. Loan applications can also be downloaded from the SBA's website atwww.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 to return economic injury applications is July 31, 2014

For more information about the SBA's Disaster Loan Program, visit our website at www.sba.gov/disaster.