{"id":545,"date":"2012-08-09T02:45:58","date_gmt":"2012-08-09T02:45:58","guid":{"rendered":"http:\/\/news.maryland.gov\/mema\/?p=545"},"modified":"2012-08-09T02:45:58","modified_gmt":"2012-08-09T02:45:58","slug":"sba-disaster-assistance-available-to-private-non-profit-organizations-in-maryland","status":"publish","type":"post","link":"https:\/\/news.maryland.gov\/mdem\/2012\/08\/09\/sba-disaster-assistance-available-to-private-non-profit-organizations-in-maryland\/","title":{"rendered":"SBA Disaster Assistance Available to Private Non-Profit Organizations in Maryland"},"content":{"rendered":"

ATLANTA<\/strong> \u2013 The U.S. Small Business Administration announced today that certain Private\u00a0Non-Profit Organizations (PNPs) in Maryland that do not provide critical services of a governmental nature may be eligible to apply for low interest rate disaster loans. \u00a0These loans are available as a result of a Presidential disaster declaration for Public Assistance resulting from damages caused by severe storms and winds that occurred from June 29 through July 8, 2012.<\/p>\n

PNPs located in the following counties that provide non-critical services are eligible to apply: Calvert, Charles, Kent, Montgomery, Saint Mary’s and the independent City of Baltimore in Maryland. \u00a0Examples of eligible non-critical PNP organizations include, but are not limited to, food kitchens, homeless shelters, museums, libraries, community centers, schools and colleges.<\/p>\n

\u201cPNP organizations are urged to contact the Maryland Emergency Management Agency at www.mema.maryland.gov<\/a> to obtain information about local briefings. \u00a0At the meeting, PNP representatives will need to provide information about their organization,\u201d said Frank Skaggs, director of SBA Field Operations Center East in Atlanta. \u00a0The information will be used to submit a Request for Public Assistance, which FEMA uses to determine if the PNP provides an essential governmental service and meets the definition of a \u201ccritical facility.\u201d \u00a0Based upon that conclusion, FEMA may provide the PNP with a Public Assistance reimbursement grant for their eligible costs or refer the PNP to SBA for disaster loan assistance.<\/p>\n

PNP organizations may borrow up to $2\u00a0million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory and other business assets. \u00a0The 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 SBA, to make improvements that lessen the risk of property damage by future disasters of the same kind.<\/p>\n

The SBA also offers Economic Injury Disaster Loans to PNP organizations of all sizes to help meet working capital needs, such as ongoing operating expenses. \u00a0Economic Injury Disaster Loan assistance is available regardless of whether the organization suffered any physical property damage.<\/p>\n

Interest rates are as low as 3 percent with terms up to 30 years. \u00a0The SBA sets the loan amounts and terms based on each applicant\u2019s financial condition.<\/p>\n

Applicants may apply online using the Electronic Loan Application (ELA) via SBA\u2019s secure website at https:\/\/disasterloan.sba.gov\/ela<\/a>.<\/p>\n

Disaster loan information and application forms may also be obtained by calling the SBA\u2019s Customer Service Center at 800-659-2955 (800-877-8339 for the deaf and hard-of-hearing) or by sending an email to disastercustomerservice@sba.gov<\/a>. \u00a0Loan applications can be downloaded from www.sba.gov<\/a>. \u00a0Completed applications should be mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth,\u00a0TX 76155.<\/p>\n

The filing deadline to return applications for physical property damage is October 1, 2012. \u00a0The deadline to return economic injury applications is May 2, 2013.<\/p>\n","protected":false},"excerpt":{"rendered":"

ATLANTA \u2013 The U.S. Small Business Administration announced today that certain Private\u00a0Non-Profit Organizations (PNPs) in Maryland that do not provide critical services of a governmental nature may be eligible to apply for low interest rate disaster loans. \u00a0These loans are available as a result of a Presidential disaster declaration for Public Assistance resulting from damages  Read the Rest…<\/a><\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[1],"tags":[77,107,172,209,219,236],"class_list":["post-545","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-disaster-assistance","tag-fema","tag-mema","tag-pnps","tag-private-non-profit-organizations","tag-sba"],"acf":[],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t