From
Darke County Economic Development
June 23, 2011
The following SBA Disaster Assistance news release issued to the media
yesterday reminded businesses in Auglaize and Mercer Counties, Ohio and
the neighboring counties of Allen, Darke, Hardin, Logan, Shelby and Van
Wert in Ohio; and the counties of Adams and Jay in Indiana of the July
19 deadline to apply for working capital needs due to the toxic algae
bloom in Grand Lake St. Marys that began on June 21, 2010.
SBA Deadline for
Economic Injury Disaster Loans
in Western Ohio is July 19
ATLANTA - The U.S. Small Business Administration is reminding
businesses in Western Ohio that working capital loans are still
available to small businesses, small agricultural cooperatives and most
private non-profit organizations that were affected by the toxic algae
bloom in Grand Lake St. Marys that began on June 21, 2010.
“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 July 19, 2011 deadline,” said Frank Skaggs, director of
SBA Field Operations Center East.
Economic Injury Disaster Loans (EIDLs) up to $2 million are available
at 4 percent for small businesses and 3 percent for private non-profit
organizations of all sizes, 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, disaster victims need to apply by
the deadline.
These EIDLs are available to businesses and non-profit organizations in
Allen, Auglaize, Darke, Hardin, Logan, Mercer, Shelby and Van Wert
counties in Ohio; and the counties of Adams and Jay in Indiana.
To obtain disaster loan information and application forms, call the
SBA’s Customer Service Center at 800-659-2955 (800-877-8339 for people
with speech or hearing disabilities) Monday through Friday from 8 a.m.
to 6 p.m., Saturday 9 a.m. to 5:30 p.m. ET, or send an e-mail to
disastercustomerservice@sba.gov. Loan application forms 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.
Interested business owners and organizations may visit the SBA’s
website at https://disasterloan.sba.gov/ela/
to apply for disaster loans.
The deadline for economic injury applications is July 19, 2011.
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