The U.S. Small Business Administration is reminding businesses in Pennsylvania
that working capital loans are still available to small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and private nonprofit organizations affected by the frost and freeze on April 4-10, 2016. The deadline to apply for a working capital disaster loan is Oct. 24, 2017.
“Businesses that suffered economic losses as a result of the disaster and want to apply for
low-interest loans from the SBA are urged to do so before the Oct. 24 deadline,” said Frank
Skaggs, director of SBA Field Operations Center East.
Low-interest disaster loans are available in the following counties: Adams, Columbia,
Cumberland, Dauphin, Franklin, Juniata, Lancaster, Lycoming Montour, Northumberland, Perry, Schuylkill, Snyder, Union and York in Pennsylvania.
Working capital disaster loans up to $2 million are available at 4 percent for small businesses, and 2.625 percent for private nonprofit organizations with terms up to 30 years. The loans are intended to pay fixed debts, payroll, accounts payable, and other expenses that could have been paid had the disaster not occurred. To be considered for this assistance, eligible entities need to apply by the deadline.
Survivors may apply online using the Electronic Loan Application (ELA) via SBA’s secure
website at https://disasterloan.sba.gov/ela.
Businesses may also obtain information and loan applications by calling the SBA’s Customer
Service Center at 1-800-659-2955 (1-800-877-8339 for the deaf and hard-of-hearing), or by emailing email@example.com. Loan applications can also be downloaded at
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
The deadline to return economic injury applications is Oct. 24, 2017.