ATLANTA, July 19, 2013 /PRNewswire-USNewswire/ -- The U.S. Small Business Administration reminds Private Non-Profit Organizations (PNPs) in Maryland that August 20 is the deadline to submit Economic Injury Disaster Loan applications. These loans are available from the SBA for damages caused by Hurricane Sandy between Oct. 26 and Nov. 4, 2012.
PNPs located in the following counties that provide non-critical services are eligible to apply: Allegany, Anne Arundel, Baltimore, Calvert, Caroline, Carroll, Cecil, Charles, Dorchester, Frederick, Garrett, Harford, Howard, Kent, Montgomery, Prince Georges, Queen Annes, Saint Marys, Somerset, Talbot, Washington, Wicomico, Worcester and the Independent City of Baltimore.
Examples of eligible non-critical PNP organizations include, but are not limited to food kitchens, homeless shelters, museums, libraries, community centers and colleges.
The SBA offers Economic Injury Disaster Loans to help meet working capital needs such as ongoing operating expenses for eligible non-critical PNP organizations. This assistance is available regardless of whether the organization suffered any physical property damage. Loan amounts can be up to $2 million and interest rate of 3 percent with terms up to 30 years. The SBA sets loan amounts and terms based on each applicant's financial condition.
To apply online using the Electronic Loan Application (ELA), visit the SBA's secure website at https://disasterloan.sba.gov/ela.
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 sending an email to email@example.com. Loan applications can also be downloaded from www.sba.gov/disaster. Completed applications should be mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
The filing deadline to return economic injury applications is August 20, 2013.
For more information about the SBA's Disaster Loan Program, visit our website at www.sba.gov./disaster
Release Number: 13-640, MD 13395
Contact: Michael Lampton
Phone: (404) 331-0333
SOURCE U.S. Small Business Administration