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Low-interest disaster loans are available to Delaware small businesses, small agricultural cooperatives, small aquaculture businesses and most private non-profit organizations that were affected by rainfall and flooding from Hurricane Irene on Aug. 27-28, 2011.
SBA Administrator Karen Mills made the loans available following a request from Delaware Gov. Jack Markell on Oct. 18 for a disaster declaration by the SBA. The declaration covers Sussex County and the neighboring counties of Kent in Delaware and Caroline, Dorchester, Wicomico and Worcester in Maryland.
Eligible entities may qualify for loans up to $2 million. The SBA offers Economic Injury Disaster Loans (EIDLs) to help meet working capital needs caused by the disaster. The rates on these loans are 3 percent for non-profit organizations and 4 percent for businesses with terms up to 30 years. The SBA determines eligibility for the loans based on the size and type of business and its financial resources. Loan amounts and terms are set by the SBA and are based on each applicant’s financial condition.
Applications and program information are available by calling the SBA’s Customer Service Center at 800-659-2955 (800-877-8339 for the deaf and hard-of-hearing) Monday through Friday from 8 a.m. to 8 p.m., and Saturday and Sunday from 9 a.m. to 5:30 p.m. ET or by sending an e-mail to disastercustomerservice@sba.gov. Loan applications can also be downloaded at www.sba.gov. Completed applications should be returned to the Center or mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
Those impacted may apply for disaster loans from SBA’s secure website at https://disasterloan.sba.gov/ela/.
The deadline to return economic injury applications is July 20, 2012.
SBA Administrator Karen Mills made the loans available following a request from Delaware Gov. Jack Markell on Oct. 18 for a disaster declaration by the SBA. The declaration covers Sussex County and the neighboring counties of Kent in Delaware and Caroline, Dorchester, Wicomico and Worcester in Maryland.
Eligible entities may qualify for loans up to $2 million. The SBA offers Economic Injury Disaster Loans (EIDLs) to help meet working capital needs caused by the disaster. The rates on these loans are 3 percent for non-profit organizations and 4 percent for businesses with terms up to 30 years. The SBA determines eligibility for the loans based on the size and type of business and its financial resources. Loan amounts and terms are set by the SBA and are based on each applicant’s financial condition.
Applications and program information are available by calling the SBA’s Customer Service Center at 800-659-2955 (800-877-8339 for the deaf and hard-of-hearing) Monday through Friday from 8 a.m. to 8 p.m., and Saturday and Sunday from 9 a.m. to 5:30 p.m. ET or by sending an e-mail to disastercustomerservice@sba.gov. Loan applications can also be downloaded at www.sba.gov. Completed applications should be returned to the Center or mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
Those impacted may apply for disaster loans from SBA’s secure website at https://disasterloan.sba.gov/ela/.
The deadline to return economic injury applications is July 20, 2012.
