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Small businesses can seek disaster relief funds
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Non-farm businesses that suffered economic losses due to the freezing conditions and record-low temperatures between Oct. 10-13, 2009, now have access to financial relief through low-interest loans.
The U.S. Small Business Administration (SBA) recently announced Economic Injury Disaster Loans of up to $2 million for small agricultural cooperatives, private non-profit organizations of any size, and non-farm businesses to help meet working capital needs, such as financial obligations and operating expenses, which could have been met had the disaster not occurred.
Western Washington University’s Center for Economic Vitality and its Small Business Development Center can assist applicants with designing an application and recovery plan. The deadline to apply for these loans is Feb. 15, 2011.
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