Thursday, September 2, 2010 | DeKalb County's Oldest Newspaper |
|
|
SBA loans available due to heavy rain
Published March 15, 2010
The U.S. Small Business Administration announced Monday federal economic injury disaster loans are available to small businesses, small agricultural cooperatives and most private non-profit organizations of all sizes located in DeKalb County as a result of excessive rainfall that began on Sept. 18.
Under this declaration, the SBA’s Economic Injury Disaster Loan program is available to eligible farm-related and non-farm-related entities that suffered financial losses as a direct result of this disaster. Agricultural producers, farmers and ranchers are not eligible to apply to SBA.
The loan amount can be up to $2 million with a 4 percent interest rate and 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 are available by calling the SBA’s Customer Service Center at (800) 659-2955 Monday through Friday from 8 a.m. until 5 p.m. or by sending an e-mail to disastercustomerservice(at)sba.gov. Loan applications can be downloaded from the SBA’s Web site at sba.gov/services/disasterassistance. 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 apply for disaster loans from SBA’s secure Web site at disasterloan.sba.gov/ela/.
Completed loan applications must be returned to SBA no later than Nov. 2.
Share |
Save |
Mail |
Print
|
|
|
 |
Photo Reprints
Purchase select photographs from local games and events. New from The Times-Journal and The Times-Journal.
|
|
Sections:
Home |
News |
Sports |
Business |
Opinion |
DeKalb Living |
Faith |
Food |
Calendar |
Photographs |
Obituaries |
Weather
Marketplace:
Classifieds |
Jobs |
Homes |
Autos |
Service Directory |
Place an Advertisement
Communities:
Collinsville |
Crossville |
Fort Payne |
Fyffe |
Geraldine |
Henagar |
Ider |
Rainsville |
Sylvania |
Valley Head
Subscription Services:
Circulation |
Home Delivery |
Back Issues |
Vacation Stops |
Newspapers In Education
Also Online:
About The Times-Journal |
Advertise |
Reprints |
Staff Directory |
RSS |
Mobile News |
Help
The Fort Payne Times-Journal | Publisher: J.D. Davidson
811 Greenhill Blvd.NW, Fort Payne, Alabama 35967 | Tel: 256-845-2550 | Email
© 2010 The Times-Journal. All rights reserved. A Southern Newspapers publication.
|