ATLANTA, March 5, 2012 - The U.S. Small Business Administration is reminding businesses in
Minnesota that working capital
loans are still available to small businesses, small agricultural
cooperatives and most private non-profit organizations that were
affected by the severe storms and tornadoes that occurred on May 21 - 22, 2011.
"Businesses that suffered economic losses as a result of the disaster
and want to apply for low-interest loans from the SBA are urged to do
so before the
April 9
deadline," said Frank Skaggs, director of SBA Field Operations Center East.
Economic Injury Disaster Loans (EIDLs) up to $2 million
are available at 3 percent for private non-profit organizations of all
sizes and 4 percent for small businesses, 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, disaster survivors need to apply
by the deadline.
These working capital loans are available to businesses and non-profit organizations in the following counties: Anoka, Carver, Dakota, Hennepin, Ramsey, Scott, Sherburne and Wright in
Minnesota
.
To obtain disaster loan information and application forms, call the
SBA's Customer Service Center at 800-659-2955 (800-877-8339 for the deaf
and hard-of-hearing) or send an e-mail to disastercustomerservice@sba.gov. Loan application forms 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, Fort Worth, TX 76155.
Those affected by the disaster may also apply for disaster loans electronically from the SBA's website at https://disasterloan.sba.gov/ela/.
The deadline for economic injury applications is
April 9, 2012
.
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