Delaware Small Businesses – Additional Federal Assistance Now Available to those Economically Impacted by Hurricane Irene
Economic Injury Disaster Loans are now available to eligible Delaware small businesses in Kent and Sussex counties affected by Hurricane Irene on Aug. 27-28, 2011. These low-interest disaster loans are also available to small agricultural cooperatives, small aquaculture businesses and private non-profit organizations. Eligible entities may qualify for loans up to $2 million.
The SBA offers Economic Injury Disaster Loans (EIDLs) to help meet working capital needs caused by the disaster. The rates on these loans are three-percent for non-profit organizations and four-percent for businesses with terms up to 30 years. The SBA determines eligibility for the loans based on the size and type of business and its financial resources. Loan amounts and terms are set by the SBA and are based on each applicant’s financial condition.
Small businesses in Kent and Sussex counties who suffered economic injury from the hurricane are encouraged to review the SBA’s applications and program information. Contact the SBA’s Customer Service Center 800-659-2955 (800-877-8339 for the deaf and hard-of-hearing) Monday through Friday from 8 a.m. to 8 p.m., and Saturday and Sunday from 9 a.m. to 5:30 p.m. ET or via e-mail to disastercustomerservice@sba.gov.
Loan applications available for downloaded at www.sba.gov. Completed applications should be returned to the Center or mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
Those impacted may apply for disaster loans from SBA’s secure website at https://disasterloan.sba.gov/ela/.
The filing deadline to return physical property damage applications is November 28, 2011.
The deadline to return economic injury applications is July 20, 2012.
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