TheUS Small Business Administration reminds Private Non-Profit Organizations (PNPs) inVermontthatOct. 29is thedeadline to submit Economic Injury Disaster Loan applications. These loans are available from the SBA as a result of severe winter storms onDecember 20-26, 2013.Loans are available to PNPs inCaledonia,Chittenden,Essex,Franklin,Grand Isle,LamoilleandOrleanscounties inVermont.
The SBA offers Economic Injury Disaster Loans to help eligible non-critical PNP organizations meet their working capital needs such as ongoing operating expenses. Examples of eligible non-critical PNP organizations include, but are not limited to food kitchens, homeless shelters, museums, libraries, community centers and colleges.
This assistance is available regardless of whether the organization suffered any physical property damage. Loan amounts can be up to$2 millionand interest rate of 2.625 percent with terms up to 30 years. The SBA sets loan amounts and terms based on each applicant's financial condition.
To apply online using the Electronic Loan Application (ELA), visit the SBA's secure website athttps://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 sending an email to[email protected]. Loan applications can also be downloaded fromwww.sba.gov/disaster. Completed applications should be mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road,
Fort Worth, TX76155.
The filing deadline to return economic injury applications isOctober 29, 2014.
Source: ATLANTA,Sept. 25, 2014/PRNewswire-USNewswire/ --SBA.For more information about the SBA's Disaster Loan Program, visit our website atwww.sba.gov/disaster.