The U.S. Small Business Administration reminds eligible Private Non-Profit Organizations (PNPs) located in Tennessee that Feb. 4, 2011 is the deadline to submit loan applications. These Economic Injury Disaster Loans are available because of severe storms, flooding, straight-line winds and tornadoes that occurred from April 30, 2010 through May 18, 2010. PNPs located in following counties are eligible to apply: Cannon, DeKalb, Rutherford and Wilson in our area.
The SBA offers these loans to help meet working capital needs, such as ongoing operating expenses for eligible non-critical PNP organizations. Economic Injury Disaster Loan assistance is available regardless of whether the organization suffered any physical property damage. Loan amounts can be up to $2 million at 3 percent interest rate with terms not exceeding 30 years. The SBA sets loan amounts and terms based on each applicant’s financial condition.
Disaster loan information and application forms may be obtained by calling the SBA’s Customer Service Center at 800-659-2955 (800-877-8339 for people with speech or hearing disabilities) Monday through Friday from 8 a.m. to 6 p.m. ET or by sending an e-mail to disastercustomerservice@sba.gov. Applications can also be downloaded from www.sba.gov. Completed applications should be mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Forth Worth, TX 76155.
Those affected by the disaster may apply for disaster loans from SBA’s secure website at https://disasterloan.sba.gov/ela/.
