SBA Disaster Loan Assistance Available to Private Non-Profit Organizations in Indiana

ATLANTA, May 6, 2014 /PRNewswire-USNewswire/ — The U.S. Small Business
Administration announced today that certain Private Non-Profit Organizations
(PNP) in Indiana that do not provide critical services of a governmental nature
may be eligible to apply for low interest rate disaster loans. These loans are
available as a result of a Presidential disaster declaration for a severe winter
storm and snowstorm on Jan. 5 – 9, 2014.

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PNPs located in the following Indiana counties: Boone, Clay, Hendricks,
Huntington, Jasper, Kosciusko, Madison, Morgan, Newton, Noble, Owen, Parke,
Putnam, Sullivan, Tipton, Vigo, Wabash, White and Whitley are eligible to apply.
Examples of eligible non-critical PNP organizations include, but are not limited
to, food kitchens, homeless shelters, museums, libraries, community centers,
schools and colleges.

“PNP organizations are urged to contact their County’s Emergency Manager to
obtain information about local briefings. At the meeting, PNP representatives
will need to provide information about their organization,” said Frank Skaggs,
director of SBA Field Operations Center East in Atlanta. The information will be
used to submit a Request for Public Assistance which FEMA uses to determine if
the PNP provides an essential governmental service and meets the definition of a
“critical facility.” Based upon that conclusion, FEMA may provide the PNP with a
Public Assistance reimbursement grant for their eligible costs or refer the PNP
to SBA for disaster loan assistance.

PNP organizations may borrow up to $2 million to repair or replace damaged or
destroyed real estate, machinery and equipment, inventory and other business
assets. The interest rate is 2.625 percent with terms up to 30 years. Applicants
may be eligible for a loan amount increase up to 20 percent of their physical
damages, as verified by the SBA, to make improvements that help prevent the risk
of future property damage caused by a similar disaster.

The SBA also offers Economic Injury Disaster Loans to help meet working capital
needs, such as ongoing operating expenses to PNP organizations of all sizes.
Economic Injury Disaster Loan assistance is available regardless of whether the
organization suffered any physical property damage.

Applicants may apply online using the Electronic Loan Application 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 e-mail to disastercustomerservice@sba.gov.
Loan applications can be downloaded from the SBA’s website at
www.sba.gov/disaster. Completed applications should be mailed to: U.S. Small
Business Administration, Processing and Disbursement Center, 14925 Kingsport
Road, Fort Worth, TX 76155.

The filing deadline to return applications for physical property damage is June
23, 2014. The deadline to return economic injury applications is January 22,
2015.

For more information about the SBA’s Disaster Loan Program, visit our website at
www.sba.gov/disaster.

Release Number: 14-206 IN 13950/13951

Contact: Michael Lampton
Email: Michael.Lampton@sba.gov
Phone: (404) 331-0333

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SOURCE U.S. Small Business Administration

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