Deadline to Apply for SBA Working Capital Loans in Massachusetts for Failure of Commercial Fishery is Approaching

ATLANTA, July 3, 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 failure in the state's commercial fishery industry from May 1 through April 30, 2014 that the deadline to apply for economic injury loans is Aug. 1, 2014. 

These loans are available to small businesses and most private non-profit organizations in Barnstable, Bristol, Essex, Middlesex, Norfolk, Plymouth and Suffolk counties in Massachusetts, and Hillsborough and Rockingham counties in New Hampshire.

Working capital disaster loans up to $2 million are available at 3 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 1, 2014.

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

Contact: Michael Lampton
Email: [email protected]
Phone: (404) 331-0333

Release Number: 14-296 MA 13813

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SOURCE U.S. Small Business Administration

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