Deadline for Georgia drought related disaster assistance SBA loans is March 13
March 13 deadline set for SBA drought disaster assistance loans
From Staff reports
ALBANY — The U.S. Small Business Administration (SBA) is reminding small businesses in general, small agricultural cooperatives, small aquaculture operations and most private nonprofit organizations that March 13 is the filing deadline for federal economic injury disaster loans in Georgia as a result of drought that began last July 5.
This disaster declaration includes the following counties: Bartow, Butts, Carroll, Chattooga, Cherokee, Clayton, Cobb, Coweta, DeKalb, Douglas, Fayette, Floyd, Forsyth, Fulton, Gilmer, Gordon, Gwinnett, Haralson, Harris, Heard, Henry, Jasper, Lamar, Meriwether, Monroe, Morgan, Murray, Newton, Pauling, Pickens, Pike, Polk, Rockdale, Spalding, Talbot, Troup, Upson, Walker, Walton and Whitfield in Georgia.
Under this declaration, the SBA’s Economic Injury Disaster Loan program is available to eligible farm-related and non farm-related entities that suffered financial losses as a direct result of this disaster.
With the exception of aquaculture enterprises, SBA cannot provide disaster loans to agricultural producers, farmers, or ranchers.
However, nurseries are eligible to apply for economic injury disaster loans for losses caused by drought conditions.
The loans are for working capital and can be up to $2 million with interest rates of 4 percent for eligible small businesses and 2.625 percent for non-profit organizations with terms up to 30 years.
Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at https://disasterloan.sba.gov/ela.
Disaster loan information and application forms may also be obtained by calling the SBA’s Customer Service Center at 800-659-2955 (800-877-8339 for the deaf and hard-of-hearing) or by sending an email to [email protected].
Loan applications can be downloaded from the SBA’s website at www.sba.gov/disaster. Completed applications should be mailed to: U.S. Small Business Administration, Processing and Disbursement Center,14925 Kings Road, Fort worth, Texas 76155.
Completed loan applications must be returned to SBA no later than March 13.
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