The U. S. Small Business Administration recently announced that the SBA is making low-interest Economic Injury Disaster Loans available to small businesses economically impacted by severe winter storms in Oregon that occurred from Dec. 14, 2008, through Jan. 4, 2009.
The declaration covers the primary Oregon counties of Columbia, Hood River, Multnomah and Washington as well as the neighboring counties of Clackamas, Clatsop, Tillamook, Wasco and Yamhill in Oregon and Clark, Cowlitz, Klickitat, Skamania and Wahkiakum in Washington.
SBA is offering working capital loans of up to $2 million at an interest rate of 4 percent with terms up to 30 years.
A Disaster Loan Outreach Center will be available in Portland, Ore., where SBA customer service representatives will be available to meet individually with business owners to explain how an SBA disaster loan can help finance their recovery. Applicants may also apply online using the Electronic Loan Application (ELA) via SBA's secure Web site at https://disasterloan.sba.gov/ela.
Disaster loan information and application forms may also be obtained from SBA's Customer Service Center by calling toll-free (800) 659-2955, emailing firstname.lastname@example.org, or visiting SBA's Web site at www.sba.gov/services/disasterassistance. Hearing impaired individuals may call (800) 877-8339.
The deadline to apply for these loans is November 12, 2009.