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Last updated on April 24, 2014 at 10:52 EDT

April 3 Deadline Approaching in South Carolina for SBA Working Capital Loans Due to Frost, Freezes and Hailstorm

March 4, 2013

ATLANTA, March 4, 2013 /PRNewswire-USNewswire/ — The U.S. Small Business Administration is reminding small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private non-profit organizations of all sizes that April 3 is the filing deadline for federal economic injury disaster loans available in Cherokee, Greenville, Laurens, Spartanburg, Union and York counties in South Carolina as a result of the frost, freezes and a hailstorm between April 5-13, 2012.

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Under this declaration, the SBA’s Economic Injury Disaster Loan program is available to eligible farm-related and nonfarm-related entities that suffered financial losses as a direct result of this disaster. With the exception of aquaculture enterprises, SBA cannot provide disaster loans to agricultural producers, farmers, or ranchers.

The working capital loan amount can be up to $2 million with interest rates as low as 4 percent for eligible small businesses and 3 percent for non-profit organizations with terms up to 30 years.

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 by sending an email to disastercustomerservice@sba.gov. Loan applications can be downloaded from the SBA’s website at 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.

Completed loan applications must be returned to SBA no later than April 3, 2013.

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

Release Number: 13-360, SC 13200

Contact: Michael Lampton
Phone: 404-331-0333

SOURCE U.S. Small Business Administration


Source: PR Newswire