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Deadline to apply for federal disaster loan is Feb. 14

The Maui News

Hawaii private nonprofit organizations have until Feb. 14 to apply for a federal disaster loan to help with the impacts of severe storms, flooding and landslides that occurred from March 8 to 18, the U.S. Small Business Administration said Friday.

Private nonprofits of any size that provide essential services of a governmental nature are eligible to apply for SBA Economic Injury Disaster Loans of up to $2 million to help meet working capital needs caused by the disaster, according to a news release.

“Economic Injury Disaster Loans may be used to pay fixed debts, payroll, accounts payable and other bills that cannot be paid because of the disaster’s impact,” said Tanya Garfield, director of the SBA’s Disaster Field Operations Center-West. “Economic injury assistance is available regardless of whether the private nonprofit suffered any property damage.”

The low-interest federal disaster loans are available in Maui County, the news release said.

The interest rate is 2 percent with terms up to 30 years. Loan amounts and terms are set by SBA and are based on each applicant’s financial condition.

Applicants may apply online, receive additional disaster assistance information and download applications at disasterloanassistance.sba.gov/. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. Individuals who are deaf or hard of hearing may call (800) 877-8339. 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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