SBA working capital disaster loans deadline in Massachusetts is April 14
ATLANTA, March 13, 2015 /PRNewswire-USNewswire/ -- The U.S. Small Business Administration (SBA) is reminding small businesses, small agricultural cooperatives, small aquaculture businesses and private nonprofit organizations in Massachusetts of the deadline to submit disaster loan applications for economic injury as a result of a major fire that caused extensive damage in the City of Holyoke on June 16, 2014. The deadline to apply for a working capital disaster loan is April 14, 2015.
"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 14 deadline," said Frank Skaggs, director of SBA Field Operations Center East in Atlanta.
Low-interest disaster loans are available in Hampden County and the adjacent counties of Berkshire, Hampshire and Worcester in Massachusetts; and Hartford, Litchfield and Tolland in Connecticut.
Working capital disaster loans up to $2 million are available at 2.625 percent for private
nonprofit 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.
Completed loan applications must be returned to SBA no later than April 14, 2015.
For more information about the SBA's Disaster Loan Program, visit our website at www.sba.gov/disaster.
Release Number: 15-157 MA 14052
Contact: Michael Lampton
Email: [email protected]
Phone: (404) 331-0333
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SOURCE U.S. Small Business Administration
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