The Virginia Department of Agriculture and Consumer Services reminds citizens that the deadline to apply for federal economic injury disaster loans is June 17, 2013. These loans, available from the U.S. Small Business Administration (SBA), are for small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private non-profit organizations of all sizes. The loans are available in Virginia as a result of drought, excessive heat and high winds that began on January 1, 2012
The disaster declaration includes the following counties: Albemarle, Amelia, Amherst, Appomattox, Bedford, Botetourt, Brunswick, Buckingham, Caroline, Campbell, Charles City, Charlotte, Chesterfield, Culpeper, Cumberland, Dinwiddie, Essex, Fauquier, Fluvanna, Franklin, Gloucester, Goochland, Greene, Greensville, Halifax, Hanover, Henrico, Henry, James City, King and Queen, King George, King William, Lancaster, Louisa, Lunenburg, Madison, Mathews, Mecklenburg, Middlesex, Nelson, New Kent, Northumberland, Nottoway, Orange, Page Prince, Pittsylvania, Powhatan, Prince Edward, Prince William, Rappahannock, Richmond, Roanoke, Rockbridge, Rockingham, Southampton, Spotsylvania, Stafford, Surry, Sussex, Westmoreland and York; and contiguous independent cities of Bedford, Colonial Heights, Danville, Fredericksburg, Hopewell, Lynchburg, Petersburg and Richmond in Virginia.
Under this declaration, the SBA’s Economic Injury Disaster Loan program is available to eligible farm-related and nonfarm-related entities that suffered financial losses as a direct result of this disaster. With the exception of aquaculture enterprises, SBA cannot provide disaster loans to agricultural producers, farmers, or ranchers. Nurseries are eligible to apply for economic injury disaster loans for losses caused by drought conditions.
The working capital loan amount can be up to $2 million with 4 percent interest rate for eligible small businesses and 3 percent for non-profit organizations, with terms up to 30 years.
Applicants may apply online using the Electronic Loan Application via SBA’s secure website.
Disaster loan information and application forms may also be obtained by calling the SBA’s Customer Service Center at 800.659.2955 (800.877.8339 for the deaf and hard-of-hearing) or by sending an email to firstname.lastname@example.org. Loan applications can be downloaded from the SBA’s website. Completed applications should be mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
Completed loan applications must be returned to SBA no later than June 17, 2013.