ATLANTA, March 10, 2015 /PRNewswire-USNewswire/ -- The U.S. Small Business Administration (SBA) is reminding small businesses, small agricultural cooperatives, small aquaculture businesses and private nonprofit organizations in Wisconsin of the deadline to submit disaster loan applications for economic impact caused by severe storms, flooding and tornadoes on June 16-18, 2014. The deadline to apply for a working capital disaster loan is April 14, 2015.
"Businesses that suffered economic losses as a result of the disaster and want to apply for
low-interest loans from the SBA are urged to do so before the April 14 deadline," said Frank Skaggs, director of SBA Field Operations Center East in Atlanta.
Low-interest disaster loans are available in Grant County and the adjacent counties of Crawford, Iowa, Lafayette and Richland in Wisconsin; Clayton and Dubuque in Iowa, and Jo Daviess in Illinois.
Working capital disaster loans up to $2 million are available at 2.625 percent for private
nonprofit organizations and 4 percent for small businesses, with terms up to 30 years. The loans are intended to pay fixed debts, payroll, accounts payable, and other expenses that could have been paid had the disaster not occurred. To be considered for this assistance, eligible entities need to apply by the deadline.
Applicants may apply online using the Electronic Loan Application (ELA) via SBA's secure website at https://disasterloan.sba.gov/ela.
Applications and program information are available 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 firstname.lastname@example.org. Loan applications can also be downloaded from the SBA's website at 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.
Completed loan applications must be returned to SBA no later than April 14, 2015.
For more information about the SBA's Disaster Loan Program, visit our website at www.sba.gov/disaster.
Contact: Michael Lampton
Phone: (404) 331-0333
Release Number: 15-156 WI 14050
SOURCE U.S. Small Business Administration