***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: July 5, 2007 Contact: Michael Lampton

Release Number: 07-529, KY 10902 Phone: (404) 347-3771

Governor's Office at Lake Cumberland

Phone: 606/677-6062

**Help Available To Kentucky Small Businesses Affected by**

**Lower Water Levels on Lake Cumberland**

**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.

Beginning Monday, July 9^th^ SBA will be visiting in the most
significantly impacted communities to issue disaster loan applications
and answer program questions. The temporary Disaster Loan Outreach
Centers (DLOC) will be open at the following locations and times:

**Pulaski County DLOC #1**

Center for Rural Development

807 Monticello Street

Somerset, Kentucky 42501

Opens: Monday, July 9, 2007

Hours: Monday -- Friday; 9:00AM -- 6:00 PM Eastern time, until further
notice

Saturday: 8:00 AM -- 6:00 PM (July 14, one Saturday only)

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**Page 2**

**KY 10902**

**Help Available To Kentucky Small Businesses Affected by**

**Lower Water Levels on Lake Cumberland**

**Russell County DLOC #2**

Charlene Harris Learning Center

848 West Steve Warriner Drive

Russell Springs, KY 42642

Opens: Tuesday, July 10, 2007 (One day only)

Hours: 9:00 AM - 6:00 PM (Central Time)

**McCreary County DLOC #3**

McCreary County Courthouse

Courthouse Square

Whitley City, KY 42653

Opens: Wednesday, July 11, 2007 (One day only)

Hours: 9:00 AM -- 6:00 PM (Eastern Time)

**Wayne County DLOC #4**

Wayne County Courthouse

East Main Street

Monticello, KY 42633

Opens: Thursday, July 12, 2007 (One day only)

Hours: 9:00 AM -- 6:00 PM (Eastern Time)

**Clinton County DLOC #5**

Clinton County Courthouse

100 South Cross Street

Albany, KY 42602

Opens: Friday, July 13, 2007 (One day only)

Hours: 9:00 AM -- 6:00 PM (Central Time)

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

Anyone unable to visit the Center(s) 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.

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