SBA Offers Disaster Assistance To Alabama Residents Affected By Christmas Holidays Storms, Flooding

For small businesses, small agricultural cooperatives, small aquaculture businesses and most private non-profit organizations of all sizes, the SBA offers Economic Injury Disaster Loans (EIDLs) to help meet working capital needs caused by the disaster.  EIDL assistance is available regardless of whether the business suffered any physical property damage.

Interest rates are as low as 1.750 percent for homeowners and renters, 2.875 percent for non-profit organizations and 4 percent for businesses with terms up to 30 years.  Loan amounts and terms are set by the SBA and are based on each applicant's financial condition.

Applicants may also apply online using the Electronic Loan Application (ELA) via SBA's secure website at https://disasterloan.sba.gov/ela.

Individuals and businesses unable to visit the Center may obtain information and loan applications 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 [e-mail]. Loan applications can also be downloaded from the SBA's website 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.

The filing deadline to return applications for physical property damage is March 11, 2013 .  The deadline to return economic injury applications is October 10, 2013

For more information about the SBA's Disaster Loan Program, visit our website a t www.sba.gov.

Contact: Michael LamptonPhone: [phone]

Release Number: 13-190, AL 13443/13444 

SOURCE U.S. Small Business Administration

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