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SBA Loan Deadline March 30

SMALL BUSINESS ADMINISTRATION LOAN PROGRAM ENDS MARCH 30th: SBA offers low-interest disaster loans to businesses of all sizes, most private non-profit organizations, homeowners and renters.
The application deadline for the January 2015 Storm/ Flood is MARCH 30, 2015.

  • SBA disaster loans are the primary source of money to pay for repair or replacement costs not fully covered by insurance or other compensation;
  • Homeowners may borrow up to $200,000 to repair or replace their primary residence;
  • Homeowners and renters may borrow up to $40,000 to replace personal property;
  • Businesses may borrow up to $2 million for any combination of property damage or economic injury;
  • SBA offers low-interest working capital loans (called Economic Injury Disaster Loans) to small businesses and most private, non-profit organizations of all sizes having difficulty meeting obligations as a result of the disaster.

There are two ways to apply for a SBA loan prior to the deadline on March 30, 2015:

  • You may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at https://disasterloan.sba.gov/ela.
  • For information or to find a location near you, call SBA at (800) 659-2955 or visit our website at: https://www.sba.gov/.  Individuals who are deaf or hard-of-hearing may call (800) 877-8339.
  • You may complete a paper application and mail it to SBA at: 14925 Kingsport Road, Ft. Worth, TX 76155-2243.

GRAYS HARBOR INCIDENT MANAGEMENT TEAM STAND-DOWN: The local Incident Management Team in conjunction with the Coastal Community Action Program are starting the process to stand-down formal flood relief coordination from the January 2015 Storm/ Flood.

All open requests for assistance processed through CCAP have been either addressed, are in progress or have been referred to other resources. The three teams from the Washington Conservation Corps have completed their work, although some volunteer groups are expected to continue working on already assigned rehabilitation projects for weeks or months to come.

Citizens with future needs related to the disaster will be referred to other possible resources for assistance. With the closure of the SBA loan application process, there is no additional relief assistance anticipated at this time.

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