SBA Disaster Declaration Approved – Loans Now Available
Begin the SBA Disaster Loan Assistance process at https://disasterloan.sba.gov/ela/
This document is a great resource and explains the process.
https://disasterloan.sba.gov/ela/Documents/Three_Step_Process_SBA_Disaster_Loans.pdf
? Applicants may also call
? Individuals who are deaf or hard-of-hearing may call (800) 877-8339. Completed applications should be mailed to
? SBA Customer Service Representatives will be available to answer questions about SBA's Economic Injury Disaster Loan program and explain the application process.
? Eligibility for Economic Injury Disaster Loans is based on the financial impact of the Coronavirus. The interest rate is 3.75 percent for small businesses. The interest rate for private non-profit organizations is 2.75 percent.
? SBA offers loans with long-term repayments, up to a maximum of 30 years, and are available to entities without the financial ability to offset the adverse impact without hardship.
? The deadline to apply for an Economic Injury Disaster Loan is
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