By U.S. Small Business Administration
The U.S. Small Business Administration
announced today that federal economic injury disaster loans are available to
small businesses, small agricultural cooperatives, small businesses engaged in
aquaculture and most private non-profit organizations of all sizes located in Wisconsin as
a result of the unseasonably early thaw, unseasonably warm nights and excessive
heat that occurred between Jan. 23 and March 31, 2012.
This SBA's disaster declaration includes the
following counties: Barron, Brown, Burnett, Chippewa, Clark, Door, Dunn,
Florence, Forest, Iron, Kewaunee, Langlade, Lincoln, Manitowoc, Marathon,
Marinette, Menominee, Oconto, Oneida, Outagamie, Pepin, Pierce, Polk, Portage,
Price, Rusk, Saint Croix, Sawyer, Shawano, Taylor, Vilas, Washburn, Waupaca and
Wood in Wisconsin.
"When the Secretary of Agriculture
issues a disaster declaration to help farmers recover from damages and losses
to crops, the Small Business Administration issues a declaration to eligible
entities affected by the same disaster," said Frank Skaggs, director of
SBA's Field Operations Center East in Atlanta.
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 aquacultural enterprises, agricultural
producers, farmers and ranchers are not eligible to apply to SBA.
The loan amount can be up to $2 million with
interest rates of 3 percent for private non-profit organizations of all sizes
and 4 percent for small businesses, with terms up to 30 years. The SBA
determines eligibility based on the size of the applicant, type of activity and
its financial resources. Loan amounts and terms are set by the SBA and
are based on each applicant's financial condition. These working capital
loans may be used to pay fixed debts, payroll, accounts payable, and other
bills that could have been paid had the disaster not occurred. The loans
are not intended to replace lost sales or profits.
Applicants may apply online using the
Electronic Loan Application (ELA) via SBA's secure website at https://disasterloan.sba.gov/ela.
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 disastercustomerservice@sba.gov. Loan applications can 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.
Completed loan applications must be returned
to SBA no later than March 25, 2013.
For more information about the SBA's Disaster
Loan Program, visit our website at www.sba.gov.
Contact: Michael Lampton Phone: 404-331-0333 Release
Number: 12-687 WI 13164
SOURCE U.S. Small Business Administration
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