Williamson County Chamber: SBA Deadline Approaching For Tennessee Small Businesses To Apply For Working Capital Loans Due To March-April ...

Press release from Williamson County Chamber:

2022-01-05

Disaster Field Operations Center East
Release Date: Jan. 5, 2022 Contact: Michael Lampton (404)
331-0333 Michael.Lampton@sba.gov
Release Number: 22-123, TN 16971 Follow us on Twitter, Facebook, Blogs &
Instagram

SBA Deadline Approaching for Tennessee Small Businesses to Apply for Working Capital Loans Due to
March-April 2021 Disaster

ATLANTA – The U.S. Small Business Administration (SBA) is reminding businesses in Tennessee that
Feb. 8 is the filing deadline for federal Economic Injury Disaster Loans (EIDLs) due
to the severe storms, tornadoes and flooding from March 25 through April 3, 2021.

Small businesses, small agricultural cooperatives, small businesses engaged in aquaculture, and
private nonprofit organizations located in the following counties may apply: Cannon,
Cheatham, Davidson, Dekalb, Dickson, Hickman, Marshall, Maury, Robertson, Rutherford,
Smith, Sumner, Trousdale, Williamson and Wilson in Tennessee.

Working capital disaster loans up to $2 million are available at 3 percent for small businesses,
and 2 percent for private nonprofit organizations, with terms up to 30 years. The loans are
intended to pay fixed debts, payroll, accounts payable, and other expenses that could have been
paid had the disaster not occurred. To be considered for this assistance, eligible entities need
to apply by the Feb. 8 deadline.

Applicants may apply online at DisasterLoanAssistance.sba.gov/ela/s under SBA declaration # 16971,
not for the COVID-19 incident. Businesses may also obtain information and loan applications by
calling the SBA’s Customer Service Center at 1-800-659-2955 (1-800-877-8339 for the deaf and
hard-of-hearing), or by emailing disastercustomerservice@sba.gov.

Loan applications can also be downloaded at sba.gov/disaster. Completed applications should be
mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport
Road, Fort Worth, TX 76155.
The deadline to return economic injury applications is Feb. 8, 2022.

This press release was produced by Williamson County Chamber. The views expressed here are the author’s own.