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Deadline Approaching to Apply for SBA Working Capital Disaster Loans Due to Drought in Indiana is March 12
By: PR Newswire
Feb. 13, 2013 02:38 PM
ATLANTA, Feb. 13, 2013 /PRNewswire-USNewswire/ -- The U.S. Small Business Administration is reminding small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private non-profit organizations of all sizes that March 12 is the filing deadline for federal economic injury disaster loans available in Gibson, Knox and Posey counties in Indiana as a result of the drought that began on June 19, 2012.
"These counties are eligible because they are contiguous to one or more primary counties in Illinois. The Small Business Administration recognizes that disasters do not usually stop at county or state lines. For that reason, counties adjacent to primary counties named in the declaration are included," said Frank Skaggs, director of SBA's Field Operations Center East in Atlanta.
"When the Secretary of Agriculture issues a disaster declaration to help farmers recover from damages and losses to crops, the Small Business Administration issues a declaration to eligible entities affected by the same disaster," Skaggs added.
Under this declaration, the SBA's Economic Injury Disaster Loan program is available to eligible
The loan amount can be up to $2 million with a 4 percent interest rate for eligible small businesses and
Applicants may apply online using the Electronic Loan Application (ELA) via SBA's secure website at https://disasterloan.sba.gov/ela.
Disaster loan information and application forms may also be obtained by calling the SBA's Customer Service Center at 800-659-2955 (800-877-8339 for the deaf and hard-of-hearing) or by sending an email to firstname.lastname@example.org. Loan applications can be downloaded from the SBA's website at www.sba.gov. Completed applications should be mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
Completed loan applications must be returned to SBA no later than March 12, 2013.
For more information about the SBA's Disaster Loan Program, visit our website at www.sba.gov.
Contact: Michael Lampton
Release Number: 13-285, IL 13140
SOURCE U.S. Small Business Administration
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