The disaster declaration makes SBA assistance available in
“SBA is strongly committed to providing the most effective and customer-focused response possible to assist
“Small, nonfarm businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations of any size may qualify for Economic Injury Disaster Loans of up to
“These loans may be used to pay fixed debts, payroll, accounts payable and other bills that can't be paid because of the disaster's impact. Disaster loans can provide vital economic assistance to small businesses to help overcome the temporary loss of revenue they are experiencing,” Golden added.
Eligibility is based on the financial impact of the disaster only and not on any actual property damage. These loans have an interest rate of 3.125 percent for small businesses and 2.5 percent for private nonprofit organizations with terms up to 30 years, and are restricted to small businesses without the financial ability to offset the adverse impact without hardship.
Applicants may apply online using SBA's secure website at https://disasterloan.sba.gov/ela.
Disaster loan information and application forms are also available from
The filing deadline to return economic injury applications is