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

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

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

**Release Date:** June 18, 2007 **Contact:** Michael Lampton

**Release Number:** 07-477, MI 10723 **Phone:** 404-347-3771

**DISASTER LOAN ASSISTANCE IN MICHIGAN STILL AVAILABLE**

***SMALL BUSINESS OWNERS ARE ENCOURAGED TO APPLY***

**SAGINAW, Mich. -** The U.S. Small Business Administration (SBA) is
reminding businesses that\
**July 16** is the filing deadline for economic injury disaster loans
available to small businesses located in the primary counties of Antrim,
Benzie, Berrien, Chippewa, Grand Traverse, Gratiot, Hillsdale, Ingham,
Ionia, Isabella, Jackson, Kalamazoo, Kent, Lapeer, Leelanau, Livingston,
Luce, Mackinac, Macomb, Mason, Midland, Monroe, Muskegon, Newaygo,
Oceana, Saint Clair, Sanilac, Van Buren and contiguous counties of
Alger, Allegan, Barry, Bay, Branch, Calhoun, Cass, Charlevoix, Clare,
Clinton, Crawford, Eaton, Genesee, Gladwin, Huron, Kalkaska, Lake,
Lenawee, Manistee, Mecosta, Missaukee, Montcalm, Oakland, Osceola,
Otsego, Ottawa, Saginaw, Schoolcraft, Shiawassee, St. Joseph, Tuscola,
Washtenaw, Wayne and Wexford in the State of Michigan.

"SBA's disaster declaration was issued as a result of a similar action
taken by the Secretary of Agriculture to help farmers recover from
damages and losses to crops caused by storms containing excessive rain,
flooding, hail, and high winds occurring April 26, 2006 and continuing,"
said Frank Skaggs, Director of SBA Field Operations Center East.

Under this declaration, SBA's Economic Injury Disaster Loan (EIDL)
program is available to farm-related and nonfarm-related, small business
concerns and small agricultural cooperatives that suffered economic
injury as a direct result of this disaster. Farmers and ranchers are not
eligible to apply to SBA.

Eligible small businesses may qualify for loans up to \$1.5 million.
These loans are available at a 4 percent interest rate with loan terms
up to 30 years. SBA determines eligibility for the program based on the
size and type of business and its financial resources. Loan amounts and
terms are set by SBA and are based upon each applicant's financial
condition. Under this disaster declaration, SBA cannot provide loans to
agricultural producers.

Interested business owners should contact SBA's Customer Service Center
by calling 1-800-659-2955\
(1-800-877-8339 for the hearing-impaired), Monday through Friday from 8
a.m. to 9 p.m.; Saturday and Sunday from 9 a.m. to 3 p.m. EDT. Business
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.

**Completed loan applications must be returned to SBA no later than
[July 16, 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).*