SBA disaster loan deadline: 7/26

Marianas’ small businesses considering a U.S. Small Business Administration (SBA) Economic Injury Disaster Loan (EIDL) have until July 26, 2019 to apply, according to the SBA Disaster Field Operations Center West. Small nonfarm businesses, small businesses engaged in aquaculture and most private nonprofit organizations of any size are eligible to apply for up to $2 million. Funds can be used to pay fixed debts, payroll, and other bills that cannot be paid due to the impact of Super Typhoon Yutu. Interest rates are 3.675 percent for businesses and 2.5 percent for private nonprofit organizations with terms up to 30 years. SBA sets loan amounts and terms based on each applicant’s financial condition. To apply, go to https://disasterloan.sba.gov/ela, call SBA’s Customer Service Center at (800) 659-2955, or emaildisastercustomerservice@sba.gov. Individuals who are deaf or hard‑of‑hearing may call (800) 877-8339.