COM­MU­NITY BRIEFS

Record Observer - - Community -

AT­LANTA — The U.S. Small Busi­ness Ad­min­is­tra­tion an­nounced to­day that fed­eral Eco­nomic In­jury Dis­as­ter Loans are avail­able to small busi­nesses, small agri­cul­tural co­op­er­a­tives, small busi­nesses en­gaged in aqua­cul­ture and pri­vate non­profit or­ga­ni­za­tions lo­cated in Caro­line, Dorch­ester, Kent, Queen Anne’s, Wi­comico and Worces­ter coun­ties in Mary­land as a re­sult of the ex­ces­sive rain from Sept. 29, 2016, through Oct. 10, 2016.

The loan amount can be up to $2 mil­lion with in­ter­est rates of 2.625 per­cent for pri­vate non­profit or­ga­ni­za­tions 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. Ap­pli­cants may ap­ply on­line at dis­as­ter­loan.sba.gov/ela. Dis­as­ter loan in­for­ma­tion and ap­pli­ca­tion forms may also be ob­tained by call­ing the SBA’s Cus­tomer Ser­vice Cen­ter at 800-6592955 or by email­ing dis­as­ter­cus­tom­erser­vice@sba.gov.

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