Posted on: May 17, 2017

One Month Left to Apply for SBA Disaster Loans

Kansas small businesses that suffered economic injury from severe storms and flooding Aug. 19-Sept. 11, 2016 have until June 16 to apply for an SBA federal disaster loan.

Small non-farm businesses, small agricultural cooperatives, small businesses engaged in agriculture and most private nonprofit organizations may apply for Economic Injury Disaster Loans of up to $2 million to help meet working capital needs caused by the disaster. The loans may be used to pay fixed debts, payroll, accounts payable and other bills that cannot be paid because of the disaster’s impact. This is available even if the applicant suffered no property damage, says the SBA.

The interest rate is 4 percent for businesses and 2.625 percent for private nonprofit organizations, with terms up to 30 years. To apply, go to the SBA secure website: https://disasterloan.sba.gov/ela. 

Information and applications also are available from the customer service center by calling (800) 659-2955 or by emailing: disastercustomerservice@sba.gov.

Completed applications should be mailed to U.S. Small Business Administration, Processing and Distribution Center, 14925 Kingsport Road, Fort Worth TX 76155.

SBA Disaster Loan Fact Sheet
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