Congresswoman Chellie Pingree announced today that non-profit organizations in York County that suffered damage during flooding between March 12 and April 1 can apply for low-interest loans from the Small Business Administration to help them recover.
 
“The record-breaking floods we had in March were devastating for many families in that part of the state,” said Pingree.  “Making sure that the organizations those communities rely on can get back on their feet is essential to helping those towns recover.   These loans offer a quick, affordable way to get the funds to do that.”
 
Private non-profits not providing critical government services in York County, as well as Hancock County, are eligible to apply. Organizations may apply for up to $2 million to repair or replace damaged real estate, equipment, inventory, and other assets.  The SBA may increase loans to make improvements that lessen the risk of property damage by future disasters.  The SBA also offers Economic Injury Disaster Loans to help meeting working capital needs.
 
Interest rates are as low as 3 percent with 30-year terms.
 
Disaster loan information and application forms may be obtained by calling the SBA’s Customer Service Center at 800-659-2955 (800-877-8339 for people with speech or hearing disabilities) Monday through Friday from 8 a.m. to 6 p.m. EDT or by sending an e-mail to disastercustomerservice@sba.gov <disastercustomerservice@sba.gov> .  Applications can also be downloaded from 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.  PNPs may visit SBA’s secure website at https://disasterloan.sba.gov/ela/ <https://disasterloan.sba.gov/ela/>  to apply for disaster loans.

The filing deadline to return applications for physical property damage is August 30, 2010.  The deadline to return economic injury applications is April 1, 2011.