SBA Economic Injury Disaster Loans Available in Massachusetts Following Secretary of Agriculture Disaster Declaration - KNOE 8 News; KNOE-TV; KNOE.com |

SBA Economic Injury Disaster Loans Available in Massachusetts Following Secretary of Agriculture Disaster Declaration

Information contained on this page is provided by an independent third-party content provider. WorldNow and this Station make no warranties or representations in connection therewith. If you have any questions or comments about this page please contact pressreleases@worldnow.com.

SOURCE U.S. Small Business Administration

ATLANTA, Feb. 7, 2014 /PRNewswire-USNewswire/ -- The U.S. Small Business Administration announced today that federal economic injury disaster loans are available to small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private non-profit organizations of all sizes located in Massachusetts as a result of the excessive moisture and heat from May 8, through Oct. 20, 2013.   

(Logo: http://photos.prnewswire.com/prnh/20110909/DC65875LOGO)

The disaster declaration includes Berkshire, Franklin, Hampden, Hampshire and Worcester counties in Massachusetts.

"When the Secretary of Agriculture issues a disaster declaration to help farmers recover from damages and losses to crops, the Small Business Administration issues a declaration to eligible entities affected by the same disaster," said Frank Skaggs, director of SBA's Field Operations Center East in Atlanta.

Under this declaration, the SBA's Economic Injury Disaster Loan program is available to eligible
farm-related and nonfarm-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. 

The loan amount can be up to $2 million with interest rates of 2.875 percent for private non-profit organizations of all sizes and 4 percent for small businesses, with terms up to 30 years.  The SBA determines eligibility based on the size of the applicant, type of activity and its financial resources.  Loan amounts and terms are set by the SBA and are based on each applicant's financial condition.  These working capital loans may be used to pay fixed debts, payroll, accounts payable, and other bills that could have been paid had the disaster not occurred.  The loans are not intended to replace lost sales or profits.

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 disastercustomerservice@sba.gov.  Loan applications can be downloaded from 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. 

Completed loan applications must be returned to SBA no later than October 6, 2014.

For more information about the SBA's Disaster Loan Program, visit our website at www.sba.gov/disaster.

Contact: Michael Lampton
Email: Michael.Lampton@sba.gov
Phone: (404) 331-0333

Release Number: 14-111, MA 13887

©2012 PR Newswire. All Rights Reserved.

  • Most Popular StoriesMost Popular StoriesMore>>

  • Head-on crash kills Rayville man

    Head-on crash kills Rayville man

    Wednesday, April 23 2014 11:41 AM EDT2014-04-23 15:41:23 GMT
    RAYVILLE, La. (KNOE 8 News) -On April 22, 2014, at 8:00 p.m., Troopers assigned to Louisiana State Police Troop F responded to a two vehicle fatal crash on Whitehall Road south of Louisiana Highway 15.
    RAYVILLE, La. (KNOE 8 News) -On April 22, 2014, at 8:00 p.m., Troopers assigned to Louisiana State Police Troop F responded to a two vehicle fatal crash on Whitehall Road south of Louisiana Highway 15.
  • Vieux Carre put up for auction

    Vieux Carre put up for auction

    Wednesday, April 23 2014 12:15 PM EDT2014-04-23 16:15:30 GMT
    MONROE, La. (KNOE 8 News) - The Vieux Carre store and restaurant on North 18th street is closed down, and the entire moveable contents are up for auction.
    MONROE, La. (KNOE 8 News) - The Vieux Carre store and restaurant on North 18th street is closed down, and the entire moveable contents are up for auction.
  • Dean Hart, Jr. given bail

    Dean Hart, Jr. given bail

    Wednesday, April 23 2014 5:02 PM EDT2014-04-23 21:02:22 GMT
    MONROE, La. (KNOE 8 News) - A judge has given Dean Hart, Jr. the opportunity to post bail with conditions.Our reporter is in the courtroom, and we will update this story as it comes available.
    MONROE, La. (KNOE 8 News) - A judge has given Dean Hart, Jr. the opportunity to post bail with conditions.Our reporter is in the courtroom, and we will update this story as it comes available.
  • Corrections officer arrested for sexual misconduct with inmate

    Corrections officer arrested for sexual misconduct with inmate

    Wednesday, April 23 2014 3:00 PM EDT2014-04-23 19:00:59 GMT
    DELHI, La. (KNOE 8 News) - Tuesday, April 22, 2014 at approximately PM, Richland Parish Sheriff’s personnel received a complaint of sexual misconduct from an offender incarcerated at Richland Parish Detention Center.
    DELHI, La. (KNOE 8 News) - Tuesday, April 22, 2014 at approximately PM, Richland Parish Sheriff’s personnel received a complaint of sexual misconduct from an offender incarcerated at Richland Parish Detention Center.
  • Dean Hart, Jr. to face judge in bond hearing on Wednesday

    Dean Hart, Jr. to face judge in bond hearing on Wednesday

    Wednesday, April 23 2014 12:01 PM EDT2014-04-23 16:01:01 GMT
    MONROE, La. (KNOE 8 News) -It's been nearly four months since a stand off in Monroe lead to the arrest of Dean Hart, Jr.
    MONROE, La. (KNOE 8 News) -It's been nearly four months since a stand off in Monroe lead to the arrest of Dean Hart, Jr.
  • Monroe Police Receive a Radio Upgrade

    Monroe Police Receive a Radio Upgrade

    Wednesday, March 6 2013 7:34 PM EST2013-03-07 00:34:02 GMT
    MONROE, La. (KNOE 8 News) - Every time Monroe Police Officers get into their patrol cars and radio for help, they'll know they are being heard. It's because of a new and better radio system.
    MONROE, La. (KNOE 8 News) - Every time Monroe Police Officers get into their patrol cars and radio for help, they'll know they are being heard. It's because of a new and better radio system.
  • Woman runs over & kills boyfriend's father

    Woman runs over & kills boyfriend's father

    Monday, April 21 2014 1:39 PM EDT2014-04-21 17:39:59 GMT
    MONROE, La. (KNOE 8 News) - A woman is arrested after she allegedly tried to run down her boyfriend and his father, killing the father.
    MONROE, La. (KNOE 8 News) - A woman is arrested after she allegedly tried to run down her boyfriend and his father, killing the father.
  • Man killed while working under car

    Man killed while working under car

    Monday, April 21 2014 1:43 PM EDT2014-04-21 17:43:30 GMT
    MONROE, La. (KNOE 8 News) - A man is crushed and killed when the jack holding up the car he was working on slipped.
    MONROE, La. (KNOE 8 News) - A man is crushed and killed when the jack holding up the car he was working on slipped.
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KNOE. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.