SBA Dis­as­ter Loan Dead­line Ap­proach­ing

Escalon Times - - NEWS -

Act­ing Dis­trict Di­rec­tor An­to­nio Doss of the U.S. Small Busi­ness Ad­min­is­tra­tion’s San Fran­cisco Dis­trict Of­fice re­minded Cal­i­for­nia small busi­nesses of the Nov. 1, 2017, dead­line to ap­ply for an SBA fed­eral dis­as­ter loan for eco­nomic in­jury caused by the 31st Av­enue Ware­house Fire that oc­curred on Dec. 2, 2016, in the City of Oak­land.

Ac­cord­ing to Doss, small non­farm busi­nesses, small agri­cul­tural co­op­er­a­tives, small busi­nesses en­gaged in aqua­cul­ture and most pri­vate non­profit or­ga­ni­za­tions of any size may ap­ply for Eco­nomic In­jury Dis­as­ter Loans up to $2 mil­lion to help meet work­ing cap­i­tal needs caused by the dis­as­ter.

“Eco­nomic In­jury Dis­as­ter Loans may be used to pay fixed debts, pay­roll, ac­counts payable and other bills that can­not be paid be­cause of the dis­as­ter’s im­pact. Eco­nomic in­jury as­sis­tance is avail­able re­gard­less of whether the ap­pli­cant suf­fered any prop­erty dam­age,” Doss said.

These low-in­ter­est fed­eral dis­as­ter loans are avail­able in Alameda, Con­tra Costa, San Fran­cisco, San Joaquin, San Ma­teo, Santa Clara and Stanislaus coun­ties.

The in­ter­est rate is 3.125 per­cent for busi­nesses and 2.5 per­cent for pri­vate non­profit or­ga­ni­za­tions with terms up to 30 years. Loan amounts and terms are set by SBA and are based on each ap­pli­cant’s fi­nan­cial con­di­tion.

Ap­pli­cants may ap­ply on­line, re­ceive ad­di­tional dis­as­ter as­sis­tance in­for­ma­tion and down­load ap­pli­ca­tions at https://dis­as­ter­loan.sba. gov/ela. Ap­pli­cants may also call SBA’s Cus­tomer Ser­vice Cen­ter at (800) 659-2955 or email dis­as­ter­cus­tom­erser­ for more in­for­ma­tion on SBA dis­as­ter as­sis­tance. In­di­vid­u­als who are deaf or hard of hear­ing may call (800) 877-8339. Com­pleted ap­pli­ca­tions should be mailed to U.S. Small Busi­ness Ad­min­is­tra­tion, Pro­cess­ing and Dis­burse­ment Cen­ter, 14925 Kingsport Road, Fort Worth, TX 76155.

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