ATLANTA, June 19, 2012 /PRNewswire-USNewswire/ -- The U.S. Small Business Administration is reminding small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private non-profit organizations of all sizes that July 16 is the filing deadline for federal economic injury disaster loans available in Accomack, Arlington, Fairfax and Loudoun counties in Virginia as a result of the combined effects of drought, excessive heat and damage resulting from Hurricane Irene and Tropical Storm Lee that occurred from April 1 through Oct. 31, 2011.
"These counties are eligible because they are contiguous to one or more primary counties in Maryland. The Small Business Administration recognizes that disasters do not usually stop at county or state lines. For that reason, counties adjacent to primary counties named in the declaration are included," said Frank Skaggs, director of SBA's Field Operations Center East in Atlanta.
"When the Secretary of Agriculture issues a disaster declaration to help farmers recover from damages and losses to crops, the Small Business Administration issues a declaration to eligible entities affected by the same disaster," Skaggs added.
Under this declaration, the SBA's Economic Injury Disaster Loan program is available to eligible
farm-related and nonfarm-related entities that suffered financial losses as a direct result of this disaster. With the exception of aquaculture enterprises, SBA cannot provide disaster loans to agricultural producers, farmers, or ranchers, but nurseries are eligible to apply for economic injury disaster loans for losses caused by drought conditions.
The loan amount can be up to $2 million with a 4 percent interest rate for eligible small businesses and
3 percent for non-profit organizations with terms up to 30 years. The SBA determines eligibility based on the size of the applicant, type of activity and its financial resources. Loan amounts and terms are set by the SBA and are based on each applicant's financial condition. These working capital loans may be used to pay fixed debts, payroll, accounts payable, and other bills that could have been paid had the disaster not occurred. The loans are not intended to replace lost sales or profits.
Disaster loan information and application forms may be obtained by calling the SBA's Customer Service Center at 800-659-2955 (800-877-8339 for the deaf and hard-of-hearing) or by sending an email to firstname.lastname@example.org. Loan applications can 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.
Those affected by the disaster may also apply for loans electronically from SBA's website at https://disasterloan.sba.gov/ela/.
Completed loan applications must be returned to SBA no later than July 16, 2012.
For more information about the SBA's Disaster Loan Program, visit our website at www.sba.gov.
Contact: Michael Lampton
SOURCE U.S. Small Business Administration
|08:48 AM||Cambrex To Present At Jefferies 2013 Global Healthcare Conference|
|08:47 AM||Valet Waste Announces New Suite of Maintenance Services|
|08:45 AM||TSX Delisting Review - Rockex Mining Corporation (Symbol: RXM)|
|08:45 AM||Society of St. Vincent de Paul to Provide Hands-on Disaster Relief for Oklahoma Tornado Victims|
|08:43 AM||Toxic Chemicals Reform Bill: Statement from Environmental Justice and Health Alliance for Chemical Policy Reform|
|08:41 AM||US Precious Metals, Inc. (USPR) Enters into Agreement with Mesa Acquisitions/Alba Petroleos to Explore and Develop USPR's Mexican Property.|
|08:40 AM||RFID Journal LIVE! Europe to Host RFID in Europe 2013|
|08:40 AM||Dasal Architectural Lighting's New LED Downlights Certified "Turtle Safe"|
|08:40 AM||MonkeyLectric Kicks Off Funding Production of Revolutionary New Bike Light via Kickstarter|
|08:35 AM||craigslist Founder Craig Newmark and The Rahr Foundation Launch the "Veterans Charity Challenge" on CrowdRise to Raise Funds for Veterans, Military Family Groups|
|08:35 AM||Matt Gillogly Steers a Different Course in Life Insurance Sales, Arguing Against Buying Leads or Selling to Family and Friends|
|08:35 AM||Infortrend® Announces Competitive NAS Trade-In Program|
|08:35 AM||Innovation Metals Corp. Retains Collins Barrow Toronto LLP for Advisory Services on $5M Capital Raise|
|08:35 AM||FoodInsurance.com Calls for Increased Attention to Emergency Awareness and Preparation, Offers Simple Steps for Creating a Comprehensive Disaster Prep Plan|
|08:35 AM||GambleID™ Approved by the Nevada Gaming Control Board for Interactive Gaming License Focusing on Patron Identification and Location Verification|
|08:33 AM||HealthSouth Announces Plans To Build a Rehabilitation Hospital in Newnan, Georgia|
|08:30 AM||Innovations in Sanitation and Irrigation Technologies Win Stockholm Water Prize and Stockholm Industry Water Award|
|08:30 AM||Israel Brain Technologies Announces Israel's 1st International Brain Technology Conference|
|08:30 AM||Crocodile Launches Comprehensive Real-Time Web Communications Platform Featuring Cloud Signalling Network and WebRTC Developer SDK|
|08:30 AM||Manufacturing Execution System Enhanced with SQL to Link Manufacturing and ERP|
|08:30 AM||Cardinal Health Receives Platinum Best Employers for Healthy Lifestyles® Award|
|08:30 AM||The Home Depot to Speak at Goldman Sachs Fourth Annual dotCommerce Day|
|08:30 AM||Choose Gifts to Your Angel from DinoDirect Children's Gifts Celebration|
|08:30 AM||Lincoln National Corporation's Board of Directors Declares Quarterly Cash Dividend of $0.12 per Share and Calls for the Redemption of All Outstanding $3.00 Cumulative Convertible Preferred Stock, Seri|
|08:30 AM||Misty Locke Appointed President, iProspect Americas|
|08:30 AM||Net Medical Xpress Announces Acquisition of Telemedicine Staffing Company|
|08:30 AM||BioElectronics and Pulsed Shortwave Therapy Make Progress|
|08:30 AM||OneBeacon Declares Second Quarter Dividend|
|08:30 AM||PetroTech To Purchase Solid Controls Equipment From Texas Based Solid Control Depot.|
|08:30 AM||Fuse Science, Inc. and Macular Health Advance Commercial Development of AREDS2 Drop Formulation|
|More Press Releases From PR Newswire|