March 25, 2013
/PRNewswire-USNewswire/ -- The
U.S. Small Business Administration is reminding eligible private non-profit (PNP) organizations in
deadline to submit disaster loan applications for damages caused by severe storms, tornadoes and flooding that began on
, 2013. Examples of eligible non-critical PNP organizations include, but are not limited to food kitchens, homeless shelters, museums, libraries, community centers, schools and colleges.
The SBA offers low interest disaster loans to private non-profit organizations for physical losses up to its loan limits. Loan amounts can be up to
, and the interest rate is 2.875 percent with terms up to 30 years. The SBA sets loan amounts and terms based on each applicant's financial condition. Approved loans can be increased for protective measures to lessen similar future damages. Additionally, PNPs can obtain loans for unmet working capital needs. To be considered for this assistance, PNPs need to apply by the deadline.
These loans are available to PNPs located in
Applicants may apply online using the Electronic Loan Application (ELA) via SBA's secure website at
Disaster loan information and application forms may also 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
. Applications can be downloaded from the SBA's website at
. Completed applications should be mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road,
Fort Worth, TX
The filing deadline to return applications for physical property damage is
April 22, 2013.
The deadline to return economic injury applications is
November 19, 2013.
For more information about the SBA's Disaster Loan Program, visit our website at
: (404) 331-0333
13-409, MS 13496/13497
SOURCE U.S. Small Business Administration