July 6, 2022

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Jan. 26 deadline to file for catastrophe loans says Tiny Company Administration | News

Jan. 26 deadline to file for catastrophe loans says Tiny Company Administration | News

The deadline to file for Economic Harm Disaster Financial loans by businesses influenced by the tornados of March 2021 is Jan. 26, claimed the U.S. Little Company Administration (SBA). 

Those people eligible to apply for loans are “compact organizations, compact agricultural cooperatives, compact corporations engaged in aquaculture, and personal nonprofit corporations” in a quantity of counties in Alabama, which include Dallas County. 

Other counties suitable in Alabama are: Bibb, Blount, Calhoun, Chambers, Cherokee, Chilton, Clay, Cleburne, Coosa, Etowah, Greene, Hale, Jefferson, Marengo, Perry, Randolph, Saint Clair, Shelby, Talladega, Tallapoosa, Tuscaloosa and Walker. 

“Operating money catastrophe loans up to $2 million are obtainable at 3 per cent for tiny businesses, and 2 percent for private nonprofit organizations, with phrases up to 30 decades,” reported a press release by the SBA. 

“The loans are supposed to pay out set debts, payroll, accounts payable, and other expenditures that could have been paid experienced the disaster not happened. To be regarded as for this support, qualified entities want to implement by the Jan. 26 deadline.” 

Purposes may well be submitted at this link under SBA declaration # 16937. The push launch notes that this does not utilize to the COVID pandemic. 

For data phone the SBA’s Consumer Assistance Heart at 1-800-659-2955 (1-800-877-8339 for the deaf and hard-of-listening to), or e-mail [email protected]

Purposes can also be downloaded at sba.gov/catastrophe. They can be mailed to: U.S. Tiny Enterprise Administration, Processing and Disbursement Middle, 14925 Kingsport Street, Fort Truly worth, TX 76155.