WASHINGTON, D.C. – U.S. Sen. Sherrod Brown (D-OH) today announced that Small Business Administration (SBA) loans are available to private, nonprofit organizations (PNPs) in Adams, Athens, Belmont, Brown, Clermont, Gallia, Guernsey, Hamilton, Hocking, Jackson, Jefferson, Lawrence, Meigs, Monroe, Morgan, Noble, Pike, Ross, Scioto, Vinton, and Washington Counties. Eligible PNPs must have been affected by damages caused by severe storms in April and May 2011 and provide non-critical, government-related services to Ohioans.
“Ohio communities facing hardship rely on food kitchens, libraries, community centers, and other private, nonprofit organizations to meet basic needs,” Brown said. “These SBA resources will help these vital community organizations remain afloat following difficulties caused by severe storms this past spring.”
According to the SBA, examples of eligible PNP organizations include, but are not limited to, food kitchens, homeless shelters, museums, libraries, community centers, schools, and colleges. PNP organizations may borrow up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory, and other business assets. The SBA may increase a loan up to 20 percent of the total amount of disaster damage to real estate and/or leasehold improvements, as verified by SBA, to make improvements that lessen the risk of property damage by future disasters of the same kind.
The SBA also offers Economic Injury Disaster Loans to help meet working capital needs, such as ongoing operating expenses to PNP organizations of all sizes. Economic Injury Disaster Loan assistance is available regardless of whether the organization suffered any physical property damage.
Disaster loan information and application forms may be obtained by calling the SBA’s Customer Service Center at 800-659-2955 (800-877-8339 for people with speech or hearing disabilities) Monday through Friday from 8a.m-6p.m. ET or by sending an email to email@example.com. Applications can also be downloaded from www.sba.gov. Completed applications should be mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
PNPs may visit SBA’s website at https://disasterloan.sba.gov/ela/ to apply for disaster loans.
The filing deadline to return applications for physical property damage is Sept. 12, 2011. The deadline to return economic injury applications is April 13, 2012.