Deadline to Apply for SBA Working Capital Loans In Massachusetts Due to Massive Fire in Hadley is Approaching

ATLANTA, July 24, 2014 /PRNewswire-USNewswire/ -- The U.S. Small Business Administration is reminding small businesses, small agricultural cooperatives, small aquaculture businesses and most private non-profit organizations affected by the massive fire in Hadley, Massachusetts on Oct. 27, 2013, that the deadline to apply for economic injury loans is Aug. 26.

These loans are available to small businesses and most private non-profit organizations in Berkshire, Franklin, Hampden, Hampshire and Worcester counties in the Commonwealth of Massachusetts.

Working capital disaster loans up to $2 million are available at 2.625 percent for private
non-profit organizations 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, 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 [email protected]. Loan applications can also be downloaded from the SBA's website at 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.

The deadline to return economic injury applications is August 26, 2014.

For more information about the SBA's Disaster Loan Program, visit our website at www.sba.gov/disaster.

Contact: Michael Lampton

Release Number: 14-313 MA 13826
Email: [email protected]
Phone: (404) 331-0333

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SOURCE U.S. Small Business Administration

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