More Than $100 Million SBA Disaster Loans Approved in Alabama

Sep 22, 2011, 12:19 ET from U.S. Small Business Administration

ATLANTA, Sept. 22, 2011 /PRNewswire-USNewswire/ -- More than $100 million in U.S. Small Business Administration Disaster Assistance Loans have been approved for survivors in Alabama who were affected by the severe storms, tornadoes, high winds and flooding that occurred from April 15 through May 31,  2011.  

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"Currently, 1,724 home and business disaster loans have been approved in the amount of $100,545,000 for affected survivors," said Frank Skaggs, director of SBA's Field Operations Center East in Atlanta.  "We are pleased to be able to get these loans approved so residents and businesses in the disaster area can continue to rebuild and resume their normal lives."

Economic Injury Disaster Loans (EIDLs) up to $2 million are still available to small businesses and most private non-profit organizations to help meet working capital regardless of whether the business suffered any property damage.  The deadline to return applications for economic injury is Jan. 30, 2012.

SBA offers Economic Injury Disaster Loans to help meet working capital needs caused by the disaster.  Economic Injury Disaster Loan assistance is available regardless of whether the business suffered any physical property damage.

More information about the disaster loans can be obtained by calling the SBA's Customer Service Center at 800-659-2955 (800-877-8339 for the deaf and hard-of-hearing) Monday through Friday from 8 a.m. to 8 p.m., and Saturday and Sunday from 9 a.m. to 5:30 p.m. ET or by sending an email to disastercustomerservice@sba.gov.  Loan applications can 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.  

Those affected by the disaster may also apply for disaster loans electronically from SBA's website at https://disasterloan.sba.gov/ela/.  

For more information about the SBA's Disaster Loan Program, visit our website at www.sba.gov.        

Contact: Michael Lampton
Phone:  404-331-0333

SOURCE U.S. Small Business Administration



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