– Rep. Clint Owlett (R-Tioga/Bradford/Potter) is reminding small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations that Dec. 10 is the filing deadline for federal economic injury disaster loans in Pennsylvania as a result of excessive precipitation that began on July 23, 2018.
“Operations in all three counties within the 68th Legislative District – Bradford, Potter and Tioga – are eligible for funding to aid in recovery from any economic injury they suffered during this disaster,” Owlett said. “I encourage them to explore this option before time runs out.”
The loans are provided through the U.S. Small Business Administration (SBA). They must be for working capital and can be up to $2 million with interest rates of 3.61% for eligible small businesses and 2.5% for nonprofit organizations, and terms up to 30 years. The funding 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 said it cannot provide disaster loans to agricultural producers, farmers or ranchers.
Applicants may apply online using the Electronic Loan Application (ELA) 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 email@example.com
. Loan applications can be downloaded from the SBA’s website at sba.gov
. Completed applications should be mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155
Additional Pennsylvania counties eligible for funding include McKean, Pike, Susquehanna, Warren and Wayne counties. The counties are eligible for funding because they are contiguous to one or more of the primary impacted counties in New York.
Representative Clint Owlett
Pennsylvania House of Representatives
Media Contact: Patricia Hippler