Deadline for SBA Disaster Loans is Feb. 20

Print Article

The following is from Director of Emergency Management Michael Meier:

Director Tanya N. Garfield of the U.S. Small Business Administration’s Disaster Field Operations Center-West today reminded Idaho private nonprofit organizations of the Feb. 20 deadline to apply for an SBA federal disaster loan for economic injury caused by severe storms, flooding, landslides and mudslides that occurred March 6-28, 2017. Private nonprofits that provide essential services of a governmental nature are eligible for assistance.

According to Garfield, eligible private nonprofits of any size may apply for SBA Economic Injury Disaster Loans of up to $2 million to help meet working capital needs caused by the disaster. “Economic Injury Disaster Loans may be used to pay fixed debts, payroll, accounts payable and other bills that cannot be paid because of the disaster’s impact. Economic injury assistance is available regardless of whether the private nonprofit suffered any property damage,” Garfield said.

These low-interest federal disaster loans are available in Benewah, Bonner, Boundary, Clearwater, Idaho, Kootenai, Latah, Shoshone and Valley counties. The interest rate is 2.5 percent with terms up to 30 years. Loan amounts and terms are set by SBA and are based on each applicant’s financial condition.

Applicants may apply online, receive additional information and download applications at https://disasterloan.sba.gov/ela. Applicants may also call SBA’s Customer Service Center at 800-659-2955 or email disastercustomerservice@sba.gov for more information. Individuals who are deaf or hard-of-hearing may call 800-877-8339. Completed applications should be mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.

Print Article

Read More Local News

Trujillo joins city police department

January 17, 2019 at 6:00 am | Bonners Ferry Herald BONNERS FERRY — Bonners Ferry Police Officer Jason Trujillo joined the police department on Dec. 9. Trujillo enters law enforcement after 21 years of service in the U.S. Navy aboard a submarine. “I ...

Comments

Read More

BFHS FIRST Robotics Team 2130 Alpha+ in 13th season

January 17, 2019 at 6:00 am | Bonners Ferry Herald BFHS FIRST Robotics Team 2130 Alpha+ began its 13th season at the start of the school year. FIRST Robotics enables students to access cutting edge technology, use sophisticated hardware, and develo...

Comments

Read More

AARP tax aid for seniors available in Sandpoint and Cd’A

January 17, 2019 at 6:00 am | Bonners Ferry Herald The AARP TAX-AID preparation help will not be at the Senior Hospitality Center in Bonners Ferry this year because of a shortage of volunteers. There will be a Tax-Aid help in the Sandpoint Senior cen...

Comments

Read More

Mount Hall Elementary School to celebrate literacy, school choice

January 17, 2019 at 6:00 am | Bonners Ferry Herald More than 140 students, families, and friends of Mount Hall Elementary School will gather for a special reading event in celebration of National School Choice Week. Families are invited to Mount H...

Comments

Read More

Contact Us

(208) 267-5521
Po Box 539
Bonners Ferry, Id 83805

©2019 Bonners Ferry Herald Terms of Use Privacy Policy
X
X