Rick's Blog

SBA here and ready to loan money

GB0223
The U.S. Small Business Administration is here. They have three types of loans available:

Home Disaster: For homeowners and renters to repair and replace disaster-damaged real estate and personal property–including automobiles.

Business Physical Disaster: to repair and replace disaster-damaged real estate and property, including inventory, supplies, machinery and equipment. Any business size is eligible as are charities and churches.

Economic Injury Disaster: Working capital loans to help small businesses, agricultural coops and most private and non-profits of all sizes.

Application deadlines are: Physical Damage – 7/7/14 Economic Damage: 2/6/15

Rates

Home Loan: No credit available elsewhere 2.188% Other credit available 4.375% Available up to $200,000

Business Loan: No credit available elsewhere 4.0% Other credit available 6.0% Available up to $2 million

Non-Profit Loan: No credit available elsewhere 2.625% Other credit available 2.625% Available up to $2 million

Economic Injury
Business & Small AG coop: No credit available elsewhere 4.0% Other credit available N/A
Non-Profit: No credit available elsewhere 2.625% Other credit available N/A

For assistance: call 800-659-2955 or email disastercustomerservice@sba.gov or visit www.sba.gov/disaster

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