Deadline Approaching in South Carolina for SBA Working Capital Loans

Posted by Meagan 07/08/2019

Disaster Field Operations Center East


Release Date: June 24, 2019                           Contact: Michael Lampton (404) 331-0333
Michael.Lampton@sba.gov
Release Number: 19-458, SC 15811                Follow us on Twitter, Facebook, Blogs & Instagram

 

Deadline Approaching in South Carolina for
SBA Working Capital Loans


ATLANTA - The U.S. Small Business Administration is reminding small businesses, small agricultural
cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations that 
July 23 is the filing deadline for federal economic injury disaster loans in South Carolina as a 
result of Hurricane Michael on Oct. 10-11, 2018.

The SBA’s disaster  declaration includes the following counties:  Aiken, Allendale, Bamberg, 
Barnwell, Beaufort, Berkeley, Calhoun,  Charleston,  Clarendon, Colleton,  Darlington, Dorchester, 
Edgefield, Fairfield, Florence, Georgetown, Hampton, Kershaw, Lee, Lexington, Newberry, Orangeburg, 
Richland, Saluda, and Sumter in South Carolina.

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 3.675 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
DisasterLoan.sba.gov.


Disaster loan information  and application forms may also be obtained by calling the SBA’s 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.  Loan applications can be downloaded from the SBA’s 
website at  www.sba.gov. Completed applications should be mailed to: U.S. Small Business 
Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.

Completed loan applications must be returned to SBA no later than July 23, 2019.
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About the U.S. Small Business Administration
The U.S. Small Business Administration makes the American dream of business ownership a reality. As 
the only go-to resource and voice for small businesses backed by the strength of the federal 
government, the SBA empowers entrepreneurs and small business owners with the resources and support 
they need to start, grow or expand their businesses, or recover from a declared disaster. It 
delivers services through an extensive network of SBA field offices and partnerships with public 
and private organizations. To learn more, visit
www.sba.gov.