Deadline Tuesday to apply for GA private nonprofit loans for storm damage

Damaging storms that brought this tree down affected numerous private nonprofits across Georgia. Now, there's help for those affected small business owners.
Damaging storms that brought this tree down affected numerous private nonprofits across Georgia. Now, there's help for those affected small business owners.

COLUMBUS, Ga. – Small business owners should know that help is available to help them get back on their feet. Specifically, the Small Business Administration (SBA) is providing loans for Georgia private nonprofits that were affected by the severe storms back in the winter.

Eligible nonprofits like food kitchens, homeless shelters, museums or libraries; community centers, schools, and colleges in Muscogee, Meriwether, Marion, Troup, Harris, Chattahoochee, Talbot, Taylor, Stewart, and Webster counties could take advantage of physical damage disaster loans from the SBA. The loans apply to those nonprofits that experienced storm damage from strong winds or flooding between December 22, 2015 and January 13, 2016.

Mark Lupo, the area director of the UGA Small Business Development Center, says the SBA will work directly with eligible businesses affected by storms. Lupo adds that combined with insurance, the disaster loans can help businesses that experience wind damage or flooding get back to business as usual.

“What needs to be clarified is that these aren’t grants,” Lupo explained. “These are loans. So they’re low interest loans that someone could apply for that might have difficulty accessing the capital to rebuild if the SBA Disaster Loan assistance was not there.”

Lupo says rather than begging the banks for extra cash, the SBA could make it easier for small businesses to get the necessary capital to recuperate from the winter’s devastating conditions.

To apply, fill out the Electronic Loan Application (ELA) on SBA’s website here.

Disaster loan information and application forms are also available by calling the SBA’s Customer Service Center at 800-659-2955 or 800-877-8339 for the deaf and hard-of-hearing. Emails can be sent to disastercustomerservice@sba.gov.

Applications can also be downloaded from the SBA’s website here.

Completed applications should be mailed to:

U.S. Small Business Administration,
Processing and Disbursement Center
14925 Kingsport Road
Fort Worth, TX 76155.

As a reminder, the filing deadline to return applications for physical property damage is Tuesday, April 26, 2016. The deadline to return economic injury applications is Nov. 28, 2016.

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