***Disaster News***![](media/image1.png){width="1.5847222222222221in"
height="0.7277777777777777in"}

***Loans for Homeowners, Renters and Businesses of All Sizes***

**SBA Disaster Assistance -- Field Operations Center- East - One
Baltimore Place, Suite 300 - Atlanta, GA 30308**

Release Date: July 12, 2007 Contact: Mark Ihenacho

Release Number: 07-534, KY 10902 Phone: (404) 347-3771

Governor's Office at Lake Cumberland

Phone: 606/677-6062

**Another Opportunity To Get One-On-One Help for Kentucky Small
Businesses**

**LEXINGTON, Ky.** - The U.S. Small Business Administration (SBA)
announces today that small businesses in Kentucky impacted by low water
levels on Lake Cumberland January 1, 2007 and continuing can get\
one-on-one assistance in completing their economic injury disaster loan
applications (EIDLs).

Business owners in the counties of Clinton, Laurel, McCreary, Pulaski,
Russell and Wayne Counties and the neighboring counties of Adair, Casey,
Clay, Cumberland, Jackson, Knox, Lincoln, Rockcastle, and Whitley in the
Commonwealth of Kentucky and neighboring counties of Campbell, Clay,
Pickett and Scott in the State of Tennessee are eligible to apply for
these disaster loans from SBA.

Governor Ernie Fletcher asked the SBA for the emergency declaration that
made disaster loans possible. "I appreciate the Small Business
Administration's quick approval of my request for emergency assistance
for businesses harmed by the Corps of Engineers' decision to lower the
level of Lake Cumberland," Governor Fletcher said. "The staunch support
of our Kentucky congressional delegation also was critical and is to be
commended. SBA loan assistance is one way small-business owners are
being helped through a difficult period."

Eligible small businesses may qualify for loans up to \$1.5 million. The
interest rate is\
4 percent with loan terms up to 30 years. These working capital loans
may be used to pay fixed debts, payroll, accounts payable, and other
bills that could have been paid had the disaster not occurred. These
loans are not intended to replace lost sales or profits. SBA determines
eligibility for the loans based on the size and type of the business and
its financial resources. Loan amounts and terms are set by SBA and based
upon applicant\'s financial condition.

"Small Business Development Center (SBDC) representatives will also help
in this effort; we consider it important to have partners such as the
Commonwealth of Kentucky SBDC to assist area business owners with
completing their SBA disaster business loan applications. Providing
individual help is an important part of what we do to assist victims to
recover from a disaster,\" said, Frank Skaggs, Director of SBA Field
Operations Center East.

SBA will revisit the most significantly impacted communities to issue
disaster loan applications and answer program questions. The temporary
Disaster Loan Outreach Centers will be open at the following locations
and times as indicated:

**[Pulaski County]{.underline}**

Center for Rural Development

807 Monticello Street

Somerset, Kentucky 42501

**Hours**: Monday -- Friday, 9 a.m. -- 6 p.m. EDT

Saturday, 8 a.m. -- 6 p.m. (July 14, one Saturday only)

**Closes**: Friday, July 20, 2007 at the close of business

***-more-***

**Page 2**

**KY 10902**

**Another Opportunity To Get One-on-One Help for Kentucky Small
Businesses**

> **[Russell County]{.underline} [Clinton County ]{.underline}**
>
> Charlene Harris Learning Center Clinton County Courthouse
>
> 848 West Steve Warriner Drive 100 South Cross Street
>
> Russell Springs, KY 42642 Albany, KY 42602
>
> **Opens:** Monday, July 16, 2007 (**One day only**) **Opens:**
> Tuesday, July 17, 2007 **(One day only**)
>
> Hours: 1 p.m. - 6 p.m. (Central Time) Hours: 1p.m. -- 6 p.m. (Central
> Time)
>
> **[Wayne County]{.underline}**
>
> Wayne County Courthouse
>
> East Main Street
>
> Monticello, KY 42633
>
> **Opens:** Wednesday, July 18, 2007 (**One day only**)
>
> Hours: 1 p.m. -- 6 p.m. (Eastern Time)
>
>  

Completed loan applications must be returned to SBA no later than
**[March 26, 2008]{.underline}.**

Anyone unable to visit a Center may obtain an application by calling the
SBA\'s Customer Service Center at\
1-800-659-2955 (1-800-877-8339 for the hearing-impaired) Monday through
Friday from 8 a.m. to 9 p.m. and Saturday 9 a.m. to 5:30 p.m. EDT.
Business loan applications can also be downloaded from the SBA website
at
[www.sba.gov/services/disasterassistance](http://www.sba.gov/services/disasterassistance).
Completed applications should be return to the Centers or mailed to:
U.S. Small Business Administration, Processing and Disbursement Center,
14925 Kingsport Road,\
Fort Worth, TX. 76155.

\# \# \#

For more information about the SBA\'s Disaster Loan Programs, visit
[www.sba.gov/services/disasterassistance](http://www.sba.gov/services/disasterassistance)[.]{.underline}

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