SYS-CON MEDIA Authors: Jayaram Krishnaswamy, Lori MacVittie, Gilad Parann-Nissany, Unitiv Blog, Bob Gourley

News Feed Item

Deadline to Apply for Economic Injury Disaster Loans For Boston Marathon Bombing is January 27

ATLANTA, Dec. 26, 2013 /PRNewswire-USNewswire/ -- The U.S. Small Business Administration is reminding business owners in Massachusetts that working capital loans are still available to small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private non-profit organizations affected by the Boston Marathon Bombing on April 15, 2013.

(Logo: http://photos.prnewswire.com/prnh/20110909/DC65875LOGO)

"Businesses that suffered economic losses as a result of the disaster and want to apply for
low-interest working capital loans from the SBA are urged to do so before the January 27, 2014 deadline," said Frank Skaggs, director of SBA Field Operations Center East in Atlanta.

Economic Injury Disaster Loans (EIDLs) up to $2 million are available at 2.875 percent for private non-profit organizations of all sizes and 4 percent for small businesses, 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.

These EIDLs are available to small businesses and most private non-profit organizations in Essex, Middlesex, Norfolk and Suffolk counties in Massachusetts.

Applicants may apply online using the Electronic Loan Application (ELA) via SBA's secure website at https://disasterloan.sba.gov/ela.

To obtain disaster loan information and application forms, call the SBA's Customer Service Center at 800-659-2955 (800-877-8339 for the deaf and hard-of-hearing) or send an email to disastercustomerserv[email protected]  Loan application forms can also be downloaded from 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 76155.

The deadline for economic injury applications is January 27, 2014.

For more information about the SBA's Disaster Loan Program, visit our website at www.sba.gov/disaster.

Contact: Michael Lampton
Email: [email protected]
Phone: (404) 331-0333

Release Number: 14-071, MA 13556

SOURCE U.S. Small Business Administration

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.