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Deadline nears to apply for storm-damage loans

Statement as issued Tuesday by the Indiana Department of Homeland Security:

Small businesses and certain non-profit organizations in seven northeastern Indiana counties are reminded that May 6 is the filing deadline for Economic Injury Disaster Loans for the U.S. Small Business Administration (SBA).

The SBA declared businesses and non-profits in Adams, Allen, DeKalb, Huntington, Noble, Wells and Whitley counties were eligible for low interest disaster loans because of severe storms and high winds on June 29 and July 3, 2012.

Economic Injury Disaster Loans (EIDLs) up to $2 million are available at 3 percent for private non-profit organizations of all sizes and 4 percent for small businesses, with terms up to 30 years. The loans are intended to pay fixed debts, payroll, accounts payable, and other expenses that could have been paid had the disaster not occurred. To be considered for this assistance, eligible entities need to apply by May 6, 2013.

Applicants may apply online using the SBA’s secure website at https://disasterloan.sba.gov/ela.

To obtain disaster loan information and application forms, call the SBA’s Customer Service Center at 800-659-2955 (800-877-8339 for the deaf and hard-of-hearing) or send an email to disastercustomerservice@sba.gov. Loan application forms can also be downloaded from www.sba.gov. Completed applications should be mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.

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