SBA Approves More Than $5 Million in Disaster Loans

ATLANTA--(Business Wire)--
The U.S. Small Business Administration (SBA) announced today that it has
approved over $5 million in federal low-interest disaster loans to Kentucky
homeowners, renters and businesses who sustained damages from the severe storms,
straight-line winds and flooding that occurred on August 4, 2009.

"Currently, 320 SBA disaster loans for homes and businesses have been approved
in the amount of $5,480,900 for affected victims," said Frank Skaggs, Director
of SBA`s Field Operations Center East. "We are pleased to be able to approve
these loans so the residents and businesses of Kentucky can start to rebuild and
resume their normal lives."

Small businesses and most private non-profit organizations of all sizes in
Bullitt, Hardin, Jefferson, Oldham, Shelby and Spencer counties in Kentucky;
Clark, Floyd and Harrison counties in Indiana still have time to apply for SBA
Economic Injury Disaster Loans(EIDLs). EIDLs are designed to help meet working
capital needs caused by the disaster and are available regardless of whether the
business suffered any physical property damage. The interest rate is 4 percent
and the maximum loan term is 30 years. The SBA sets loan amounts and terms based
on each applicant`s financial condition.

Anyone affected by the disaster may obtain applications and program information
by calling the SBA`s Customer Service Center at 1-800-659-2955 (1-800-877-8339
for the hearing-impaired), Monday through Saturday from 8 a.m. until 9 p.m. EDT,
or by sending an email to disastercustomerservice@sba.gov. Business loan
applications can be downloaded from the SBA Web site at
www.sba.gov/services/disasterassistance. Completed applications should be mailed
to: U.S. Small Business Administration, Processing and Disbursement Center,
14925 Kingsport Road, Fort Worth, TX 76155.

Disaster victims may visit SBA`s secure Web site at
https://disasterloan.sba.gov/ela/ to apply for disaster loans.

The deadline for physical loan applications expired on October 13, 2009; the
deadline for economic injury applications is May 14, 2010.

For more information about the SBA`s Disaster Loan Programs, visit our Web site
at www.sba.gov/services/disasterassistance.

Release Number: 10-025, KY 11844/11845

U.S. Small Business Administration
Michael Lampton, 404-331-0333

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