The U.S. Small Business Administration is reminding eligible Private NonProfit (PNP) organizations in Georgia of the November 7 deadline to submit disaster loan applications for physical damages caused by severe storms, tornadoes,winds and flooding on Jan 21-22, 2017.
PNPs located in Appling, Baker, Berrien, Brantley, Brooks, Bulloch, Calhoun, Clay, Colquitt, Cook, Crisp, Dougherty, Echols, Lowndes, Putnam, Randolph, Tattnall, Thomas, Turner, Upson, Ware, Wilcox and Worth in Georgia. are eligible to apply to SBA. Examples of eligible non-critical PNP organizations include, but are not limited to, food kitchens, homeless shelters, museums, libraries, community centers, schools and colleges.
The SBA offers low-interest disaster loans to PNP organizations for physical losses up to $2 million. The interest rate is 2.5 percent with terms up to 30 years. Applicants may be eligible for a loan amount increase up to 20 percent of their physical damages, as verified by the SBA for mitigation purposes. Eligible mitigation improvements may include a safe room or storm shelter to help protect property and occupants from future damage caused by a similar disaster. Additionally, PNPs can obtain loans for unmet working capital needs. To be considered for this assistance, PNPs need to apply by the deadline.
Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at https://disasterloan.sba.gov/ela.
Disaster loan information and application forms may also be obtained by calling the SBA’s Customer Service Center at 800-659-2955 (800-877-8339 for the deaf and hard-of-hearing) or by sending an email to firstname.lastname@example.org. Applications can also be downloaded from the SBA’s website 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 76155.
The filing deadline to return applications for physical property damage is Nov. 7, 2017.