Sen. Brown Announces SBA Disaster Loans Available in 12 Ohio Counties

Ohioans in Allen, Auglaize, Crawford, Darke, Delaware, Hardin, Logan, Marion, Mercer, Morrow, Shelby, Union, Van Wert and Wyandot Counties May Be Eligible for Funding To Pay Debts, Payroll and Other Bills Due to Flooding in February and March

WASHINGTON D.C. – U.S. Sen. Sherrod Brown (D-OH) announced today that the Small Business Administration (SBA) is making federal economic injury disaster loans available in for 12 counties in north central and northwestern Ohio.  The loans will be available to small businesses, small agricultural cooperatives, and non-profit organizations in Auglaize and Marion counties and the adjacent counties of Allen, Crawford, Darke, Delaware, Hardin, Logan, Mercer, Morrow, Shelby, Union, Van Wert and Wyandot in Ohio that have been economically damaged as a result of the severe flooding in February and March 2011. 

“This is an important step in recovery efforts from this year’s flooding in western Ohio,” Brown said. "I will continue working to ensure adequate state and federal resources to rebuild southern Ohio. These funds will help small businesses and homeowners who have been injured by the flooding.”

Ohioans experiencing financial hardship as a direct result of the storm in western Ohio may qualify for the SBA’s Federal Economic Injury Disaster Loan program, available for farm-related and non-farm related entities.  Ohioans who qualify will be eligible for loans up to $2 million.  Interest rates for non-profit organizations will be 3 percent and interest rates for small businesses will be 4 percent with repayment terms available up to 30 years. 

For small businesses, and most private non-profit organizations of all sizes, the SBA offers Economic Injury Disaster Loans (EIDLs) to help meet working capital needs caused by the disaster.  EIDL assistance is available regardless of whether the business suffered any physical property damage. Loan amounts and terms are set by the SBA and are based on each applicant’s financial condition.

Individuals and businesses unable to visit a Center in person may obtain information on loan applications 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 8 a.m. to 6 p.m. ET  or by sending an e-mail to disastercustomerservice@sba.gov.  Business loan applications can also be downloaded from the SBA website at www.sba.gov. Completed applications should be returned to the Center or mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155. 

SBA’s customer service representatives will be on hand at the Disaster Loan Outreach Center to answer questions about the disaster loan program, explain the process, issue and help individuals complete their applications.

The Center will be located in the following communities and will open as indicated:

 

Auglaize County 

Auglaize County Council on Aging (St. Marys Senior Center)

610 Indiana Avenue

St. Marys, OH 45885

Open:   Tuesday, March 22 through Thursday, March 31 from 9 a.m. – 6 p.m. 

Closed:   Saturday and Sunday, March 26 and 27

Closing:   Thursday, March 31 at 6 p.m., at the close of business

 

Marion County 

Scioto Valley Fire District - Dutton Station

(Use rear door and parking lot)

100 North Front Street

La Rue, OH 43332

Open:   Tuesday, March 22 through Thursday, March 31 from 9 a.m. – 6 p.m. 

Closed:   Saturday and Sunday, March 26 and 27

Closing:   Thursday, March 31 at 6 p.m., at the close of business

 

 

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