WASHINGTON, D.C. – Following the designation of 22 Ohio counties as primary and contiguous disaster counties, small businesses in northeastern and southern Ohio will now have access to federal resources to help offset financial losses resulting from a freeze between Jan 2, 2014 and April 17, 2014. U.S. Sen. Sherrod Brown (D-OH) today encouraged eligible businesses in Ashland, Ashtabula, Cuyahoga, Erie, Gallia, Geauga, Huron, Jackson, Lake, Lawrence, Lorain, Mahoning, Medina, Pike, Portage, Ross, Scioto, Stark, Summit, Trumbull, Vinton, and Wayne Counties to apply for assistance from the U.S. Small Business Administration (SBA).
“Small business owners in northeastern and southern Ohio can now access resources needed to recover from this year’s severe freeze—which may have impacted their business through no fault of their own,” Brown said. “These loans will help businesses rebuild and get back on their feet.”
SBA’s Economic Injury Disaster Loan is available to small businesses, small agricultural cooperatives, small aquaculture business, and most private non-profit organizations that experienced financial losses as a direct result of the freeze. Eligible business can borrow up to $2 million to pay fixed debts, payroll, and other bills that would have been paid had the freeze not occurred. The deadline to apply for these funds is May 18, 2015.
Eligible Ohioans may apply online via SBA’s secure website at https://disasterloan.sba.gov/ela. Additionally, loan application forms can also be obtained by emailing the SBA at firstname.lastname@example.org, calling the SBA’s Customer Service Center at 1-800-659-2955 (1-800-877-8339 for the deaf and hard-of-hearing), or downloading the forms at www.sba.gov/disaster. Applicants should mail completed forms to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.