Eco­nomic In­jury Dis­as­ter Loans Avail­able To Small Busi­nesses

Escalon Times - - NEWS -

Small non­farm busi­nesses in 26 Cal­i­for­nia counties and a neigh­bor­ing Ne­vada county are now el­i­gi­ble to ap­ply for low-in­ter­est fed­eral dis­as­ter loans from the U.S. Small Business Ad­min­is­tra­tion. Th­ese loans off­set eco­nomic losses be­cause of re­duced rev­enues caused by drought in the fol­low­ing pri­mary counties that be­gan Oct. 1, 2016, an­nounced Direc­tor Tanya N. Garfield of SBA’s Dis­as­ter Field Op­er­a­tions Cen­ter - West.

Pri­mary Cal­i­for­nia counties in­clude: Alameda, Amador, Colusa, Con­tra Costa, El Do­rado, Lake, Sacra­mento, Santa Cruz, Solano and Yolo. Neigh­bor­ing Cal­i­for­nia counties are: Alpine, Butte, Calav­eras, Glenn, Men­do­cino, Mon­terey, Napa, Placer, San Ben­ito, San Fran­cisco, San Joaquin, San Ma­teo, Santa Clara, Sonoma, Stanis­laus and Sut­ter, while Dou­glas is the neigh­bor­ing county in Ne­vada.

“SBA el­i­gi­bil­ity cov­ers both the eco­nomic im­pacts on busi­nesses de­pen­dent on farm­ers and ranch­ers that have suf­fered agri­cul­tural pro­duc­tion losses caused by the dis­as­ter and busi­nesses di­rectly im­pacted by the dis­as­ter,” Garfield said.

Small non­farm busi­nesses, small agri­cul­tural co­op­er­a­tives, small busi­nesses en­gaged in aqua­cul­ture and most pri­vate non­profit or­ga­ni­za­tions of any size may qual­ify for Eco­nomic In­jury Dis­as­ter Loans of up to $2 mil­lion to help meet fi­nan­cial obli­ga­tions and op­er­at­ing ex­penses which could have been met had the dis­as­ter not oc­curred.

Ap­pli­cants may ap­ply on­line us­ing SBA’s se­cure web­site at https://dis­as­ter­loan. sba.gov/ela.

Dis­as­ter loan in­for­ma­tion and ap­pli­ca­tion forms are also avail­able from SBA’s Cus­tomer Ser­vice Cen­ter by call­ing (800) 659-2955 or email­ing dis­as­ter­cus­tom­erser­vice@sba.gov.

The dead­line to ap­ply for th­ese loans is Nov. 22, 2017.

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