ATLANTA, Feb. 25, 2013 /PRNewswire-USNewswire/ -- The U.S. Small Business Administration is reminding eligible private non-profit (PNP) organizations in Addison, Lamoille, Orleans counties in Vermont of the March 22 deadline to submit disaster loan applications for damages caused by the severe storm, tornado and flooding on May 29, 2012. Eligible PNPs are those that provide non-critical services such as: 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 the interest rate is as low as 3 percent with terms up to 30 years. The SBA sets loan amounts and terms based on each applicant's financial condition.
Applicants may apply online using the Electronic Loan Application (ELA) via 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 firstname.lastname@example.org. Loan applications can also be downloaded from 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.
The filing deadline to return economic injury applications is March 22, 2013.
For more information about the SBA's Disaster Loan Program, visit our website at www.sba.gov.
Release Number: 13-321, VT 13098
Contact: Michael Lampton
SOURCE U.S. Small Business Administration