HomeMy WebLinkAbout110923 Breaking News_ SBA Economic Injury Disaster Loans Available to Washington Small Businesses Through July 8_ 2024ALERT: BE CAUTIOUS This email originated outside the organization. Do not open attachments or click on links if you are not expecting them.
Attn: Jefferson County Commissioners Greg Brotherton, Kate Dean and Heidi Eisenhour
This is George Kostyrko, your liaison with the U.S. Small Business Administration Office (SBA) of Disaster Recovery and Resilience.
Small nonfarm businesses in Clallam, Grays Harbor, Island, Jefferson, Kitsap and Mason counties in Washington state are now eligible to apply for low interest federal disaster loans
from the U.S. Small Business Administration due to drought conditions that began Sept. 12. This event was declared as a disaster by the Secretary of Agriculture Nov. 6.
Please see attached materials and those at this link <https://disasterloanassistance.sba.gov/ela/s/search-declarations> for Small nonfarm businesses, small agricultural cooperatives,
small businesses engaged in aquaculture and most private nonprofit organizations in the following counties:
* Primary Counties: Clallam and Jefferson
* Contiguous Counties: Grays Harbor, Island, Kitsap and Mason
I was hoping your organization can share this information on your website as well as via any email or social media channels about benefits available to Small nonfarm businesses, small
agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations in these counties who suffered economic impact due to drought conditions
that began June 1 and continues. The economic injury deadline is July 8, 2024.
Background information (and attached to share with your community)
On Nov. 6, 2023, a disaster declaration was issued by the Secretary of Agriculture.
Those eligible for Economic Injury Disaster Loans are below:
* Economic Injury Disaster Loans (EIDL) – Working capital loans to help small businesses, small agricultural cooperatives, small businesses engaged in aquaculture, and most private,
non-profit organizations of all sizes meet their ordinary and necessary financial obligations that cannot be met as a direct result of the disaster. These loans are intended to assist
through the disaster recovery period. Loan rates are as low as 4 percent for businesses and small agricultural cooperatives and 2.375 percent for private non-profit organizations and
are typically 30-year loans. Shorter terms are available. The economic injury deadline is July 8, 2024.
Businesses primarily engaged in farming or ranching are not eligible for SBA disaster assistance. Agricultural enterprises should contact the Farm Services Agency about the U.S. Department
of Agriculture assistance made available by the Secretary’s declaration. However, nurseries are eligible for SBA disaster assistance in drought disasters.
There is no cost or obligation, and eligibility is based on a case-by-case review for each applicant.
Please contact me if you have questions or need more information.
George N. Kostyrko
Public Information Officer
Office of Disaster Recovery and Resilience, Field Operations Center - West
U.S. Small Business Administration
Cell Phone 571-455-2729
George.Kostyrko@sba.gov <mailto:George.Kostyrko@sba.gov>