SBA Disaster Loan Deadline is September 19th
(WENY) - The Small Business Administration is reminding small businesses that the deadline to apply for disaster loans is September 19th.
Low-interest disaster loans are available in the counties of Tioga in Pennsylvania and Steuben in New York.
The SBA's Economic Injury Disaster Loan program is available to eligible farm-related and nonfarm-related organizations that suffered financial losses as a result of Tropical Storm Fred.
The loan amount can be up to $2 million with interest rates of 2.88% for small businesses. Also, 2% for private nonprofit organizations, with terms up to 30 years.
Applicants may apply online using the Electronic Loan Application (ELA) via the SBA's secure website at DisasterLoanAssistance.sba.gov/ela/s/ and should apply under SBA declaration #17319.