SBA Deadline for Economic Injury Disaster Loans in Tennessee is February 9

ATLANTA, Jan. 10, 2012 /PRNewswire-USNewswire/ -- The U.S. Small Business Administration is reminding businesses in Tennessee that working capital loans are still available to small businesses economically impacted by the severe storms, tornadoes, high winds and flooding that occurred from April 19 through June 7, 2011.

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"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 Feb. 9 deadline," said Frank Skaggs, director of SBA Field Operations Center East.

Economic Injury Disaster Loans (EIDLs) up to $2 million are available at 4 percent for small businesses and 3 percent for private nonprofit organizations of all sizes, 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 victims need to apply by the deadline.

These EIDLs are available to businesses and nonprofits in the counties of Bedford, Benton, Carroll, Crockett, Dyer, Fayette, Franklin, Gibson, Giles, Haywood, Henry, Houston, Lake, Lauderdale, Lincoln, Madison, Marshall, Montgomery, Moore, Obion, Shelby, Stewart, Tipton and Weakley in Tennessee;  Limestone and Madison in Alabama; Crittenden and Mississippi in Arkansas; Calloway, Christian, Fulton, Hickman and Trigg in Kentucky; New Madrid and Pemiscot in Missouri; DeSoto and Marshall in Mississippi.

To obtain disaster loan information and application forms, call the SBA's Customer Service Center at 800-659-2955 (800-877-8339 for deaf and hard-of-hearing) or send an email to [email protected].  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 February 9, 2012.

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

CONTACT: Michael Lampton, +!-404-331-0333

SOURCE U.S. Small Business Administration

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