SBA Deadline Approaches

2/27/2017

 
   
 
 
                                                                                                                                                                                                                                                        Disaster News
                                                                                                                                                                                                                                                                                                Economic Injury Loans for Small Businesses
                                                                                        SBA Disaster Assistance – Field Operations Center- East – 101 Marietta Street, NW, Suite 700, Atlanta, GA 30303
 
Release Date: Feb. 27, 2017                                                                                            Contact: Michael Lampton
Release Number: 17-336, WV 14750                                                              Email: Michael.Lampton@sba.gov
                                                                                                                                                                Phone:  (404) 331-0333
 
SBA Deadline to Apply for Economic Injury
Disaster Loans in West Virginia is March 27
 
ATLANTA – The U.S. Small Business Administration is reminding small businesses, small agricultural cooperatives, small aquaculture businesses and most private nonprofit organizations in West Virginia of the deadline to submit disaster loan applications for economic injury caused by the severe storms, flooding, landslides and mudslides on June 22-29, 2016.  The deadline to apply for a working capital disaster loan is March 27, 2017.
 
“We urge businesses that suffered economic losses as a result of the disaster and want to apply for
low-interest loans from the SBA to do so before the March 27 deadline,” said Frank Skaggs, director of SBA Field Operations Center East in Atlanta. 
 
Low-interest disaster loans are available in the counties of Boone, Braxton, Cabell, Calhoun, Clay, Fayette, Greenbrier, Jackson, Kanawha, Lewis, Lincoln, Logan, Mason, Mercer, Mingo, Monroe, Nicholas, Pendleton, Pocahontas, Putnam, Raleigh, Randolph, Roane, Summers, Upshur, Wayne, Webster, Wirt and Wood in West Virginia; Alleghany, Bath, Craig, Giles and Highland in Virginia; and Meigs in Ohio.

 

Working capital disaster loans up to $2 million are available at 4 percent for small businesses, and 2.625 percent for private nonprofit organizations 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.
 
Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at https://disasterloan.sba.gov/ela.
 
Applications and program information are available by calling the SBA’s Customer Service Center at 1-800-659-2955 (1-800-877-8339 for the deaf and hard-of-hearing), or by sending an email to disastercustomerservice@sba.gov. Loan applications can also be downloaded from the SBA’s website at www.sba.gov/disaster. 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 March 27, 2017.
 
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For more information about the SBA’s Disaster Loan Program, visit our website at www.sba.gov/disaster.


Contact Information

Michael Lampton Email: Michael.Lampton@sba.gov