Deadline to Apply for SBA Working Capital Loans In Pennsylvania Due to Severe Winter Storms

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Dec 04, 2014, 08:45 ET

ATLANTA, Dec. 4, 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 severe winter storms between Feb. 3 - 28, 2014, that the deadline to apply for economic injury loans is Jan. 2, 2015.

These loans are available to small businesses and most private non-profit organizations in Berks, Bucks, Chester, Delaware, Lancaster, Lehigh Philadelphia and Montgomery in Pennsylvania; New Castle County in Delaware; and Cecil County in Maryland.

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/disaster. 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 January 2, 2015.

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

Release Number: 15-081 PA 13920

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

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SOURCE U.S. Small Business Administration