Business Blast: Economic Injury Loans for Small Businesses US Small Business Administration Economic Injury Loans for Small Businesses ________________________________________ Release Date: September 6, 2013 Media Contact: Richard Jenkins Release Number: OR 13752-01 Phone: (916) 735-1500 SBA Offers Disaster Assistance to Oregon Small Businesses Economically Impacted by the Multiple Fire Complexes SACRAMENTO, Calif. – The U. S. Small Business Administration (SBA) is offering low-interest working capital federal disaster loans to small businesses economically impacted by the multiple fire complexes – Douglas Complex, Big Windy Complex, Whiskey Complex, Labrador Fire and Brimstone Fire – that began on July 26, 2013, SBA Acting Administrator Jeanne Hulit said today. SBA acted under its own authority to declare a disaster following a request received on September 3, 2013 from Governor John A. Kitzhaber. The disaster declaration makes SBA assistance available in Deschutes and Josephine counties and the neighboring Oregon counties of Crook, Curry, Douglas, Harney, Jackson, Jefferson, Klamath, Lake, Lane and Linn; and the neighboring California counties of Del Norte and Siskiyou. “The U. S. Small Business Administration is strongly committed to providing the most effective and customer-focused response possible to assist Oregon’s small businesses with federal disaster loans. We will be swift in our efforts to help these small businesses recover from the financial impacts of this disaster,” said Acting Administrator Hulit. “Small, nonfarm businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private, nonprofit organizations of any size may qualify for Economic Injury Disaster Loans (EIDLs) of up to $2 million to help meet financial obligations and operating expenses which could have been met had the disaster not occurred,” said SBA’s Oregon District Director Camron A. Doss. “These loans may be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact. Disaster loans can provide vital economic assistance to small businesses to help overcome the temporary loss of revenue they are experiencing,” Doss added. Eligibility is based on the financial impact of the disaster only and not on any actual property damage. These loans have an interest rate of 4 percent for small businesses and 2.875 percent for private, nonprofit organizations with terms up to 30 years, and are restricted to small businesses without the financial ability to offset the adverse impact without hardship. Applicants may apply online using SBA’s secure Web site at https://disasterloan.sba.gov/ela. The Oregon Small Business Development Centers (SBDC) in Bend, Grants Pass and Medford are offering free, personalized counseling to help affected business owners in their recovery. Business owners may contact the SBDC nearest them at the following locations or telephone numbers. DESCHUTES COUNTY Central Oregon Community College SBDC 2600 NW College Way Bend, OR 97701 (541) 383-7290 Mondays through Fridays 9 am to5 pm JACKSON COUNTY Southern Oregon University SBDC 101 S. Bartlett St. Room 130 Medford, OR 97501 (541) 552-8300 Mondays through Fridays 9 am to 5 pm JOSEPHINECOUNTY The Rogue Community College SBDC 214 SW Fourth Street Grants Pass, OR 97526 (541) 956-7494 Mondays through Fridays 8 am to 5 pm For owners of these impacted small businesses, disaster loan information and application forms are also available from SBA’s Customer Service Center by calling (800) 659-2955 or e-mailing [email protected]. Individuals who are deaf or hard of hearing may call (800) 877-8339. For more information about SBA’s disaster assistance programs, visit sba.gov/disaster. The filing deadline to return economic injury applications is June 6, 2014. SBA Field Operations Center - West, P.O. Box 419004, Sacramento, CA 95841 # # #
Posted on: Fri, 13 Sep 2013 22:34:48 +0000
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