MIAMI, May 16 /PRNewswire/ -- The U.S. Small Business Administration
(SBA) is reminding businesses in the declared Broward, Miami-Dade and
Monroe counties and contiguous counties of Collier, Hendry and Palm Beach
in the State of Florida that Economic Injury Disaster Loans (EIDLs) are
still available to small businesses that were economically impacted by
Hurricane Katrina that occurred August 25, 2005.
"Small businesses that suffered economic injury losses as a result of
the disaster wanting to apply for a low-interest loan from the SBA are
urged to do so before the June 14 deadline," said Frank Skaggs, Director of
SBA Field Operations Center East.
Small businesses may apply for a loan up to $l.5 million if they
suffered substantial economic injury from the disaster. 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.
These loans are not intended to replace lost sales or profits.
The interest rate on these loans is 4.000 percent, with a maximum term
of 30 years. The SBA determines the amount of economic injury, the terms of
each loan and the payment amount, based on the financial circumstances of
each borrower.
To obtain a loan application, interested business owners should contact
SBA's National Customer Service Center by calling 800-659-2955 (for the
hearing-impaired 1-800-877-8339); Monday through Saturday from 8:00 a.m.
until 9:00 p.m., EDT. Business disaster loan applications can also be
downloaded from the SBA's website at http://www.sba.gov/disaster. Completed
applications should be mailed to: U.S. Small Business Administration,
National Processing and Disbursement Center - 14925 Kingsport Road, Fort
Worth, TX 76155.
The filing deadline for economic injury loan applications is June 14,
2006.
For more information about the SBA's Disaster Loan Programs, visit our
website at http://www.sba.gov/disaster
SOURCE U.S. Small Business Administration
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Related links:
http://www.sba.gov/
CONTACT:
Michael Lampton of the U.S. Small Business
Administration, +1-404-347-3771
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