SBA Disaster Assistance Available to South Dakota Private Nonprofit Organizations

SACRAMENTO, Calif., Feb. 2 -- The Small Business Administration's Office of Disaster Assistance issued the following news release:

Low-interest federal disaster loans are now available to certain private nonprofit organizations in South Dakota following President Trump's federal disaster declaration for Public Assistance as a result of the severe winter storm that occurred Dec. 24-26, 2016, announced the U.S. Small Business Administration. Private nonprofits that provide essential services of a governmental nature are eligible for assistance.

SBA disaster assistance is now available in Butte, Clark, Codington, Day, Deuel, Dewey, Edmunds, Fall River, Faulk, Grant, Haakon, Hamlin, Harding, Jackson, Jones, Marshall, McPherson, Meade, Pennington, Perkins, Roberts, Stanley, Sully and Ziebach counties; the Cheyenne River Sioux Tribe within Dewey and Ziebach counties; and the Oglala Sioux Tribe within Jackson County.

"Private nonprofit organizations should contact Tyler Steen, manager of the Mitigation and Recovery Branch at the South Dakota Office of Emergency Management by calling (605) 773‑3231 or emailing [email protected] (link sends e-mail)to obtain information about applicant briefings," said Director Tanya N. Garfield of SBA's Disaster Field Operations Center-West. "At the briefings, private nonprofit representatives will need to provide information about their organization," continued Garfield. The Federal Emergency Management Agency will use that information to determine if the private nonprofit provides an "essential governmental service" and is a "critical facility" as defined by law. If so, FEMA may provide the private nonprofit with a Public Assistance grant for their eligible costs. If not, FEMA may refer the private nonprofit to SBA for disaster loan assistance.

SBA may lend private nonprofits up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory and other business assets. SBA can also lend additional funds to help with the cost of improvements to protect, prevent or minimize the same type of disaster damage from occurring in the future.

For certain private nonprofit organizations of any size, SBA offers Economic Injury Disaster Loans to help with meeting 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 nonprofit suffered any property damage.

The interest rate is 2.50 percent with terms up to 30 years. The filing deadline to return applications for property damage is April 3, 2017. The deadline to return economic injury applications is Nov. 1, 2017.

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 [email protected]. Individuals who are deaf or hard‑of‑hearing may call (800) 877-8339. For more disaster assistance information or to download applications, visit https://www.sba.gov/disaster. 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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