Disaster Loan Information from U.S. Small Business Adminstration
U.S. Small Business Administration announced today certain Private NonProfit (PNP) organizations that do not provide critical services of a governmental nature may be eligible to apply for low-interest disaster loans. PNPs located in Abbeville, Anderson, Bamberg, Berkeley, Chesterfield, Clarendon, Colleton, Darlington, Dorchester, Fairfield, Florence, Georgetown, Horry, Kershaw, Laurens, Lee, McCormick, Marion, Newberry, Orangeburg, Richland, Saluda, Sumter and Williamsburg counties in South Carolina are eligible to apply to SBA. Examples of eligible non-critical PNP organizations include, but are not limited to, food kitchens, homeless shelters, museums, libraries, community centers, schools. For a complete list of County Emergency Managers go to http://www.scemd.org/. PNP organizations may borrow up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory and other business assets. The interest rate is 2.625 percent with terms up to 30 years. The SBA also offers Economic Injury Disaster Loans to help meet working capital needs, such as ongoing operating expenses to PNP organizations. Economic Injury Disaster Loan assistance is available regardless of whether the organization suffered any physical property damage. Applicants may apply online using the Electronic Loan Application 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 by sending an email to firstname.lastname@example.org. Loan applications can 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. The filing deadline to return applications for physical property damage is Dec. 14, 2015. The deadline to return economic injury applications is July 14, 2016.