Published:
SBA Disaster Assistance Available to Private Non-Profit Organizations in New Hampshire
ATLANTA, Aug. 29 /PRNewswire-USNewswire/ -- The U.S. Small Business
Administration announces that certain Private Non-Profit Organizations (PNPs)
that do not provide critical services of a governmental nature may be eligible
to apply for low interest rate disaster loans. These loans are available as a
result of the Presidential disaster declaration for Public Assistance
resulting from damages caused by severe storms, tornado and flooding that
occurred on July 24, 2008.
PNPs located inBelknap,Carroll,Merrimack,Rockingham andStrafford
counties are eligible for both Physical and Economic Injury Disaster Loans
from the SBA. PNPs in the adjacent counties ofCoos,Grafton,Hillsborough,
Strafford andSullivan inNew Hampshire; Oxford and York inMaine; andEssex
County inMassachusetts are eligible to apply only for SBA Economic Injury
Disaster Loans. Examples of eligible non-critical 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, equipment, inventory and other business
assets. The SBA also offers mitigation loans to disaster victims up to 20
percent of the verified physical damage. These funds are designed to help
borrowers pay for protective measures to minimize damages of the same kind in
the future.
For PNP organizations of all sizes, the SBA offers Economic Injury
Disaster Loans to help meet working capital needs, such as ongoing operating
expenses. Economic Injury Disaster Loan assistance is available regardless of
whether the business suffered any physical property damage.
Interest rates are as low as 4 percent with terms up to 30 years. Loan
amounts and terms are set by the SBA and are based upon each applicant's
financial condition.
"PNP organizations are urged to contact their County Emergency Managers to
obtain information about local briefings. At the meeting, PNP representatives
will provide information about their organization," said Frank Skaggs,
Director of SBA Field Operations Center East.
This information will be used to submit a "Request for Public Assistance"
which FEMA uses to determine if the PNP provides an essential governmental
service and meets the definition of a "critical facility." Based upon that
conclusion, FEMA will either refer the PNP to SBA for disaster loan assistance
or possibly provide a "Public Assistance" reimbursement grant for eligible
costs.
Disaster loan information and application forms may be obtained by calling
the SBA's Disaster Assistance Customer Service Center at 1-800-659-2955 (for
the hearing-impaired 1-800-877-8339), Monday through Friday from 8 a.m. to 9
p.m., and Saturday and Sunday 9 a.m. to 6 p.m. EDT (Labor Day 9 a.m. to 6
p.m.) or by emailing our customer service center at
disastercustomerservice@sba.gov or writing to U.S. Small Business
Administration, Disaster Assistance Customer Service Center, 130 South Elmwood
Avenue,Buffalo, NY 14202-2463.
Disaster Victims may also apply for disaster loans from SBA's secure
website at https://disasterloan.sba.gov/ela/.
The filing deadline to return applications for physical property damage is
October 10, 2008. The deadline to return economic injury applications is May
11, 2009.
For more information about the SBA's Disaster Loan Programs, visit our
website at http://www.sba.gov/services/disasterassistance.
SOURCE U.S. Small Business Administration
Copyright © 2008, PRNewswire
Copyright © 2008, NewsBlaze,
Daily NewsTags: ,FIN,EXE,POL,SBS,NPT,SBA-Disaster-Loan-NH
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