Secretary of Agriculture Declaration Deadline Approaching in Wisconsin for SBA Working Capital Loans - 47 ABC - Delmarva's Choice

Secretary of Agriculture Declaration Deadline Approaching in Wisconsin for SBA Working Capital Loans

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SOURCE U.S. Small Business Administration

ATLANTA, Feb. 3, 2014 /PRNewswire-USNewswire/ -- The U.S. Small Business Administration is reminding small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private non-profit organizations of all sizes that March 3 is the filing deadline for federal economic injury disaster loans in Wisconsin  as a result of excessive rain and snow, and multiple periods of thawing and refreezing resulting in winterkill between Jan. 1 and May 21, 2013.

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The loans are available in the following counties: Brown, Buffalo, Calumet, Chippewa, Clark, Dodge, Eau Claire, Fond Du Lac, Green Lake, Kewaunee, Langlade, Lincoln, Manitowoc, Marathon, Marinette, Oconto, Outagamie, Ozaukee, Pierce, Shawano, Sheboygan, Trempealeau, Washington and Waupaca; and the contiguous counties of Barron, Columbia, Dane, Door, Dunn, Florence, Forest, Jackson, Jefferson, La Crosse, Marquette, Menominee, Milwaukee, Oneida, Pepin, Portage, Price, Rusk, Saint Croix, Taylor, Waukesha, Waushara, Winnebago and  Wood in Wisconsin.

Under this declaration, the SBA's Economic Injury Disaster Loan program is available to eligible farm-related and nonfarm-related entities that suffered financial losses as a direct result of this disaster.  With the exception of aquaculture enterprises, SBA cannot provide disaster loans to agricultural producers, farmers, or ranchers.

The loans are for working capital and can be up to $2 million with interest rates of 4 percent for eligible small businesses and 2.875 percent for non-profit organizations with terms up to 30 years. 

Applicants may apply online using the Electronic Loan Application (ELA) via SBA's secure website at https://disasterloan.sba.gov/ela.

Disaster loan information and application forms may also be obtained by calling the SBA's Customer Service Center at 800-659-2955 (800-877-8339 for the deaf and hard-of-hearing) or by sending an email to disastercustomerservice@sba.gov.  Loan applications can be downloaded from the SBA's website at 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. 

Completed loan applications must be returned to SBA no later than March 3, 2014.

For more information about the SBA's Disaster Loan Program, visit our website at www.sba.gov/disaster.

Release Number: 14-099, WI 13657

Contact: Michael Lampton
Email: Michael.Lampton@sba.gov
Phone
: (404) 331-0333

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