WAYNE – Small businesses in Nebraska are reminded that the deadline to apply for an SBA federal disaster loan is approaching.
According to a release from the U.S. Small Business Administration (SBA) Disaster Field Operations Center, the disaster loan would be for economic injury caused by the severe winter storm, straight-line winds and flooding that occurred March 9 – July 14, 2019.
The deadline is December 23, 2019 as applicants may apply online, receive additional disaster assistance information and download applications at https://disasterloan.sba.gov/ela. Those wishing to apply may also call SBA’s Customer Service Center at 800-659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance.
Small nonfarm businesses, small agricultural cooperatives and small businesses engaged in aquaculture and most private nonprofit organizations of any size may apply for Economic Injury Disaster Loans of up to $2 million to help meet working capital needs caused by the disaster.
These low-interest federal disaster loans are available in Adams, Antelope, Blaine, Boone, Boyd, Buffalo, Burt, Butler, Cass, Cedar, Colfax, Cuming, Custer, Dakota, Dawson, Dixon, Dodge, Douglas, Fillmore, Frontier, Gage, Garfield, Gosper, Greeley, Hall, Hamilton, Holt, Howard, Jefferson, Johnson, Kearney, Keya Paha, Knox, Lancaster, Lincoln, Logan, Loup, Madison, Merrick, Nance, Nemaha, Otoe, Pawnee, Phelps, Pierce, Platte, Polk, Richardson, Rock, Saline, Sarpy, Saunders, Seward, Sherman, Stanton, Thayer, Thurston, Valley, Washington, Wayne, Wheeler and York counties in Nebraska; Fremont, Harrison, Mills, Monona, Pottawattamie and Woodbury counties in Iowa; Brown, Doniphan and Nemaha counties in Kansas; Atchison and Holt counties in Missouri; Bon Homme, Charles Mix, Gregory and Yankton counties in South Dakota as we as the Santee Sioux Nation.
The interest is 4 percent for businesses and 2.75 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.
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.