ATLANTA, Ga - The U.S. Small Business Administration is reminding small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations located in Barbour, Henry, Houston and Russell counties in Alabama that July 13 is the filing deadline for federal economic injury disaster loans as a result of Hurricane Irma on Sept. 10-12, 2017.
“These counties are eligible because they are contiguous to one or more primary counties in Georgia. The Small Business Administration recognizes that disasters do not usually stop at county or state lines. For that reason, counties adjacent to primary counties named in the declaration are included,” said Richard Morgan, acting director of SBA’s Field Operations Center East in Atlanta.
Under this declaration, the SBA’s Economic Injury Disaster Loan program 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 cannot provide disaster loans to agricultural producers, farmers, or ranchers.
The loans are for working capital and can be up to $2 million with interest rates of 3.305 percent for eligible small businesses and 2.5 percent for nonprofit organizations, and terms up to 30 years.
Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at
Completed loan applications must be returned to SBA no later than July 13, 2018.