Home Classifieds Work For Us Rack Locations Order Photos Contact Us Advertising Info Featured Advertisers

Click here to read
the latest issue

Browse Sections:

News
Forever Young
Classifieds
Community
Advertisers
Election
Rants & Raves
Sports
Crime Report
Opinion
Calendar of Events
Entertainment
Dining Guide
Special Section Publications
Business & Finance
Business Columns
Star Scopes
Computer/Technology
Cooking/Food
Counseling/Advice
Family Issues
Fishing
Gardening
Travel
Golf
Pets
Religion
Columnist Archives
Crossword Puzzle
Jail Court Live Web Cams

Weather Cams:

Now browsing: Hometown News > Community > Brevard County

Economic injury disaster loans deadline
Rating: 3.24 / 5 (21 votes)  
Posted: 2012 Sep 21 - 00:26

For Hometown News

The Small Business Administration is reminding small businesses, small agricultural cooperatives and small businesses engaged in aquaculture and most private nonprofit organizations of all sizes that Tuesday, Oct. 9 is the application deadline for federal economic injury disaster loans available in Florida, as a result of excessive rain, flooding and high winds from Oct. 7-9, 2011.

The Small Business Administration's disaster declaration includes the following counties: Brevard, Indian River, Martin, Okeechobee, Osceola and Saint Lucie.

Under this declaration, the SBA's Economic Injury Disaster Loan program is available to eligible farm-related and non-farm-related entities that suffered financial losses as a direct result of this disaster.

With the exception of aquacultural enterprises and agricultural producers, farmers and ranchers are not eligible to apply to SBA.

The loan amount can be as much as $2 million, with interest rates of 3 percent for private nonprofit organizations of all sizes and 4 percent for small businesses, with terms up to 30 years.

The SBA determines eligibility based on the size of the applicant, type of activity and its financial resources.

Loan amounts and terms are set by the SBA and are based on each applicant's financial condition.

These working capital loans may be used to pay fixed debts, payroll, accounts payable and other bills that could have been paid had the disaster not occurred. The loans are not intended to replace lost sales or profits.

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 or (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 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 the SBA no later than Oct. 9.




Comments powered by Disqus
Can't see the comments?
Read more Community stories from the Brevard County community newspaper...

Make this site your Homepage e-mail us

Legal Notices




Join our Mailing List:


Crossword Puzzle:

Archives Calendar:

« Sep, 2014 »
SunMonTueWedThuFriSat
1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30

Search Stories:




.