Several deadlines are coming up for small businesses and nonprofits to apply for low-interest federal disaster loans from the Small Business Administration (SBA) for economic losses connected with the Carlton Complex Fire.
These loans are for economic injuries connected with the fire — entities do not have to suffer property damage to qualify.
Private nonprofit organizations that provide essential services of a governmental nature (such as food banks) have just over a week to apply for a loan — the deadline is May 11.
Other nonprofits, such as arts or recreation organizations, and small businesses, have until June 29 to apply.
Businesses and nonprofits can borrow up to $2 million. The money can be used for loss of revenue, cash flow or miscellaneous debts.
The interest rates are 2.625 percent for private nonprofits and 4 percent for businesses, with terms up to 30 years.
For more information or application forms, call SBA’s customer service center at (800) 659-2955, email disastercustomerservice@sba.gov, or visit SBA’s website at www.sba.gov/disaster.
People may also apply online at https://disasterloan.sba.gov/ela.
