Low-interest federal disaster loans are now available to certain private nonprofit organizations in
These low-interest federal disaster loans are available in
“Private nonprofit organizations should contact
SBA may lend private nonprofits up to
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 2.75 percent with terms up to 30 years. The deadline to apply for property damage is
Applicants may apply online, receive additional disaster assistance information and download applications at https://disasterloan.sba.gov/ela. Applicants may also call