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

***Economic Injury Loans for Small Businesses***

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

**Release Date:** March 7, 2007 **Contact:** Michael Lampton

**Release Number:** 07-262, PA 10515/10516 **Phone:** 404-347-3771

**SBA ECONOMIC INJURY DISASTER LOAN**

**DEADLINE APPROACHING**

**HARRISBURG, Pa. -** The U.S. Small Business Administration (SBA) is
reminding businesses in the\
declared counties of Adams, Bradford, Berks, Bucks, Carbon, Chester,
Columbia, Cumberland, Dauphin, Delaware, Franklin, Fulton, Huntingdon,
Juniata, Lackawanna, Lancaster, Lebanon, Lehigh, Luzerne, Lycoming,
Monroe, Montgomery, Montour, Northampton, Northumberland, Perry,
Philadelphia, Pike, Schuylkill, Snyder, Sullivan, Susquehanna, Tioga,
Union, Wayne, Wyoming and York in the Commonwealth of Pennsylvania; the
contiguous county of New Castle in the state of Delaware; the contiguous
counties of Cecil, Frederick, Harford and Washington in the State of
Maryland; the contiguous counties of Burlington, Hunterdon, Mercer,
Sussex and Warren in the state of New Jersey; and the contiguous
counties of Broome, Chemung, Delaware, Orange, Sullivan and Tioga in the
state of New York that Economic Injury Disaster Loans (EIDLs) are still
available to small businesses economically impacted by severe storms,
flooding and mudslides that occurred June 23 through July 10, 2006.

"Small businesses that suffered economic injury losses as a result of
the disaster wanting to apply for a low-interest loan from the SBA are
urged to do so before the **[April 4, 2007]{.underline}** deadline,"
said Frank Skaggs, Director of SBA Field Operations Center East**.**

Small businesses may apply for loans up to \$l.5 million if they
suffered substantial economic injury from the disaster. 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.

The interest rate on these loans is 4 percent, with a maximum term of 30
years. The SBA determines the amount of economic injury, the terms of
each loan and the payment amount, based on the financial circumstances
of each borrower.

To obtain a loan application, interested business owners should contact
SBA's Customer Service Center by calling 800-659-2955 (1-800-877-8339
for the hearing-impaired) Monday through Friday\
8 a.m. until 9 p.m. EST. The Customer Service Center will be open this
Saturday and Sunday only, March 10^th^ and 11^th^, from 9 a.m. to 6 p.m.
and 9 a.m. to 2 p.m., respectively. Business disaster loan applications
can also be downloaded from the SBA's website at
[www.sba.gov/services/disasterassistance](http://www.sba.gov/services/disasterassistance).
Completed applications should be mailed to: U.S. Small Business
Administration, Processing and Disbursement Center, 14925 Kingsport
Road, Fort Worth, TX 76155.

**The deadline for economic injury applications is [April 4,
2007]{.underline}.**

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***For more information about the SBA's Disaster Loan Programs, visit
our website at***
[www.sba.gov/services/disasterassistance](http://www.sba.gov/services/disasterassistance)