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Small Business Administration Reminds Business Owners of Deadline for Flood Disaster Loans & More Latest News

 

By The Chronicle employees

The U.S. Small Business Administration’s Disaster Field Operations Center-West Director Tanya Garfield reminded Washington enterprise homeowners on Friday of the Nov. 15 deadline to use for an SBA federal catastrophe mortgage for financial harm attributable to winter climate and flooding that occurred Jan. 5 via 16. 

According to Garfield, small non-farm companies, agricultural cooperatives and companies engaged in aquaculture and most non-public nonprofit organizations of any measurement might apply for as much as $2 million in loans to assist meet working capital wants attributable to the January flooding. 

“Economic Injury Disaster Loans may be used to pay fixed debts, payroll, accounts payable and other bills that cannot be paid because of the disaster’s impact. Economic injury assistance is available regardless of whether the applicant suffered any property damage,” Garfield mentioned. 

The low curiosity catastrophe loans can be found to companies in Cowlitz, Grays Harbor, Lewis, Pacific, Pierce, Skamania, Thurston, Wahkiakum and Yakima counties. 

Interest charges on loans are 2.83% for companies and 1.875% for non-public nonprofits. Loans are for phrases of as much as 30 years. Loan quantities and phrases are set by the Small Business Administration and are primarily based on the monetary situation of every applicant. 

Applicants might apply on-line, obtain extra help and obtain purposes at https://disasterloanassistance.sba.gov/. 

For extra data, candidates can name the Small Business Administration’s customer support heart at 800-659-2955 or electronic mail [email protected] For candidates with listening to or speech disabilities, name 7-1-1 to entry telecommunications relay providers. 

Completed purposes must be mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, Texas 76155.

Small Business Administration Reminds Business Owners of Deadline for Flood Disaster Loans

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Small Business Administration Reminds Business Owners of Deadline for Flood Disaster Loans

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Small Business Administration Reminds Business Owners of Deadline for Flood Disaster Loans

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