Disaster Assistance Available in Del. - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

Disaster Assistance Available to Private Non-Profit Organizations in Del.

Posted:
(Photo: CBS) (Photo: CBS)

DOVER, Del.- The U.S. Small Business Administration announced Tuesday that certain private
non-profit organizations in Delaware that do not provide critical services of a governmental nature may be eligible to apply for low-interest rate disaster loans. According to the SBA, these loans are available as a result of a Presidential Disaster Declaration for Public Assistance resulting from damages caused by Hurricane Sandy. 

Private non-profit organizations (PNP) located in Kent, New Castle and Sussex counties in Delaware that provide non-critical services 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 may borrow up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory and other business assets. The SBA may increase a loan up to 20 percent of the total amount of disaster damage to real estate and/or leasehold improvements, as verified by the SBA, to make improvements that lessen the risk of property damage by future disasters of the same kind. 

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.

According to the SBA, interest rates are as low as 3 percent with terms up to 30 years. The SBA sets the loan amounts and terms based on each applicant's financial condition. 

PNP organizations are urged to contact their county emergency manager to obtain information regarding how to submit a request for possible public assistance to the Federal Emergency Management Agency.

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 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 . Applications can also 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. 

The filing deadline to return applications for physical property damage is Jan. 15, 2013. The deadline to return economic injury applications is Aug. 16, 2013.

  • Delmarvawide NewsDelmarvawide NewsMore>>

  • Santa House Finds Temporary Home in Worcester County

    Santa House Finds Temporary Home in Worcester County

    Tuesday, September 16 2014 5:14 PM EDT2014-09-16 21:14:57 GMT
    For months, it was looking like Christmas wouldn't come for hundreds of children in need in Worcester County. That is because Santa House, which has been helping needy families for more than three decades, found itself homeless. But thanks to some last minute holiday magic and a little help from WBOC, Santa House is back in business.More
    For months, it was looking like Christmas wouldn't come for hundreds of children in need in Worcester County. That is because Santa House, which has been helping needy families for more than three decades, found itself homeless. But thanks to some last minute holiday magic and a little help from WBOC, Santa House is back in business.
    More
  • Governor's Challenge Basketball Adds Girls Division

    Governor's Challenge Basketball Adds Girls Division

    Tuesday, September 16 2014 4:52 PM EDT2014-09-16 20:52:59 GMT
    SALISBURY, Md. - Salisbury, MD – The largest holiday basketball tournament in the state of Maryland will continue to grow this year as the Governor's Challenge Basketball Tournament returns to the Wicomico Youth Civic Center with an expanded format on December 26-27, 29-30. As part of the event's growth, representatives from the Governor's Challenge have announced a new partnership with DMVelite Showcase Events.DMVelite, a sports event management company which focuses on the DC, Maryland and...More
    SALISBURY, Md. - Salisbury, MD – The largest holiday basketball tournament in the state of Maryland will continue to grow this year as the Governor's Challenge Basketball Tournament returns to the Wicomico Youth Civic Center with an expanded format on December 26-27, 29-30. As part of the event's growth, representatives from the Governor's Challenge have announced a new partnership with DMVelite Showcase Events.DMVelite, a sports event management company which focuses on the DC, Maryland and...More
  • Orioles Going for AL East Division Title, Fans Gearing Up for the Game

    Orioles Going for AL East Division Title, Fans Gearing Up for the Game

    Tuesday, September 16 2014 4:42 PM EDT2014-09-16 20:42:58 GMT
    Baltimore Orioles fans are gearing up for tonight's big game against the Toronto Blue Jays. The team is just one game away from the American League East Division Title.More
    Baltimore Orioles fans are gearing up for tonight's big game against the Toronto Blue Jays. The team is just one game away from the American League East Division Title.
    More
Powered by WorldNow

All content © Copyright 2000 - 2014 Worldnow and WBOC. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service