Mike Maltais, Staff writer
SACRAMENTO – The deadline for state private nonprofit organizations to apply for a Small Business Association (SBA) federal disaster loan for property damage caused by wildfire like last September’s Cole Spring wildfire and straight-line winds that occurred Sept. 1-19, 2020, is approaching on April 5.
Tanya Garfield, Director of the SBA’s Disaster Field Operations Center-West said private nonprofts of any size may apply for up to $2 million to replace or repair damaged property and assets.
An SBA media release said the agency also offers Economic Injury Disaster Loans to help eligible private nonprofits meet working capital needs caused by the disaster. Economic Injury Disaster Loans may be used to pay fixed debts, payroll, accounts payable and other bills that cannot be paid because of the disaster’s impact. Economic injury assistance is available regardless of whether the private nonprofit suffered any property damage. Private nonprofits have until Nov. 4, 2021, to apply for an SBA Economic Injury Disaster Loan.
These low-interest federal disaster loans are available in Douglas, Franklin, Kittitas, Lincoln, Okanogan, Pend Oreille, Skamania, Whitman, and Yakima counties in Washington; the Confederated Tribes of the Colville Reservation; and the Confederated Tribes and Bands of the Yakama Nation.
The interest rate is 2.75 percent with terms up to 30 years. Loan amounts and terms are set by SBA and based on each applicant’s financial condition.
Applicants may apply online, receive additional disaster assistance information and download applications at disasterloanassistance.sba.gov/. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. Individuals who are deaf or hardofhearing may call (800) 877-8339. Completed applications should be mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
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