Small, non-farm businesses in several counties, including Ellis, are now eligible to apply for low-interest Economic Injury Disaster Loans from the U. S. Small Business Administration.
“These loans offset economic losses because of reduced revenues caused by adverse weather conditions that occurred in (several) Texas counties,” announced Alfred E. Judd, director of SBA’s Disaster Field Operations Center – West.
Ellis County is eligible under EIDL No. 12472, which relates to drought damages from May 1, 2010, through Dec. 31, 2010. The deadline to apply is Oct. 17, 2011.
“SBA eligibility covers both the economic impacts on businesses dependent on farmers and ranchers that have suffered agricultural production losses caused by the disaster and businesses directly impacted by the disaster,” Judd said.
Small, non-farm businesses, small agricultural cooperatives and most private, non-profit organizations of any size may qualify for disaster loans of up to $2 million to help meet financial obligations and operating expenses which could have been met had the disaster not occurred.
Information and application forms are available from SBA’s Customer Service Center by calling 800-659-2955, emailing email@example.com or visiting SBA’s Web site at www.sba.gov/services/disasterassistance. Hearing impaired individuals may call 800-877-8339.
Applicants may also apply online at https://disasterloan.sba.gov/ela.
For more information, visit SBA’s Web site at www.sba.gov/services/disasterassistance.