December 5 is Deadline to Apply for SBA Economic Injury Disaster Loans in New Hampshire

Wed Nov 4, 2009 3:16pm EST
 
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ATLANTA--(Business Wire)--
The U.S. Small Business Administration is reminding businesses in New Hampshire
that Economic Injury Disaster Loans are still available to small businesses
economically impacted by the severe ice storm that occurred December 11, 2008. 

"Businesses that suffered economic losses as a result of the disaster and want
to apply for low-interest loans from the SBA are urged to do so before the
December 5 deadline," said Frank Skaggs, Director of SBA Field Operations Center
East.

Small businesses in the following counties are eligible to apply: Belknap,
Carroll, Cheshire, Coos, Grafton, Hillsborough, Merrimack, Rockingham, Strafford
and Sullivan in New Hampshire; Essex, Middlesex and Worcester counties in
Massachusetts; York County in Maine and Caledonia, Essex, Orange and Windsor
counties in Vermont. 

Loans are available up to $2 million for small businesses that suffered
substantial economic injury from the disaster. These working capital loans may
be used to pay fixed debts, payroll, accounts payable, and other bills that
could have been paid had the disaster not occurred. These loans are not intended
to replace lost sales or profits. 

The interest rate on these loans is 4 percent, with a maximum term of 30 years.
The SBA determines the amount of economic injury and the terms of each loan
based on the financial circumstances of each borrower. The SBA determines
eligibility for the program based on the size and type of business and its
financial resources. 

To obtain a loan application, interested business owners should contact the
SBA`s Customer Service Center by calling 1-800-659-2955 (1-800-877-8339 for the
hearing-impaired) Monday through Friday from 8 a.m. to 9 p.m. EST, or by sending
an email to disastercustomerservice@sba.gov. Business disaster loan applications
can also be downloaded from 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. 

Victims may visit the SBA`s secure website at https://disasterloan.sba.gov/ela/
to apply for disaster loans. 

The deadline for economic injury applications is December 5, 2009.

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

Release Number: 10-069, NH 11683

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

Copyright Business Wire 2009

 

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