The Small Business Administration is reminding all small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations of all sizes that the filing deadline for federal economic injury disaster loans is May 6. These loans are being offered in all Hoosier counties as a result of the excessive heat, frost, freeze and drought that began on Feb. 1, 2012.
The SBA’s Economic Injury Disaster Loan program is being offered to farm-related and non-farm related entities that meet eligibility requirements and suffered financial losses as a direct result of the unpredictable disastrous weather. However, SBA cannot provide disaster loans to agricultural producers, farmers, or ranchers, with the exception of aquaculture enterprises. Nurseries, on the other hand, are eligible to apply for these low-interest economic injury disaster loans for losses caused by drought conditions.
The loans can be as large as $2 million in working capital with interest rates as low as four percent for eligible small businesses, while non-profit organizations are eligible for three percent interest, with terms up to 30 years, you can visit this website for more information about loans. Applicants can apply using the Electronic Loan Application on SBA’s secure website, https://disasterloan.sba.gov/ela. You can also apply for payday loans here. Money In Minutes offers payday loans Reno at 2 Cashco locations.
Why not try to check out a helpful place like sunnyloansuk.co.uk/same-day-payday-loans/ if you’re looking for the best loan option for your needs?
Applicants can also obtain disaster loan information and application forms by contacting the SBA’s Customer Service Center at (800) 659-2955, or by emailing disastercustomerservice@sba.gov. 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.
