sba mentor protege program application checklist

“SBA eligibility covers both the economic impacts on businesses dependent on farmers and ranchers that have suffered agricultural production losses caused by the disaster and businesses directly impacted by the disaster,” Lusk said. Neighboring Idaho counties: Clearwater and Idaho. Neighboring Montana counties: Flathead, Granite, Lake, Mineral, Powell, Ravalli and Sanders These loans offset economic losses because of reduced revenues caused by drought in the following primary county that began Aug. Small Business Administration, announced Director Jeffrey Lusk of SBA’s Disaster Field Operations Center‑West. – Small nonfarm businesses in eight Montana counties and neighboring counties in Idaho are now eligible to apply for low‑interest federal disaster loans from the U.S. To learn more, visit Market research and competitive analysis It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. 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, expand their businesses, or recover from a declared disaster. Small Business Administration helps power the American dream of business ownership. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.Ībout the U.S. Completed applications should be mailed to U.S.

For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email for more information on SBA disaster assistance. SBA disaster loan repayment begins 12 months from the date of the first disbursement.Īpplicants may apply online, receive additional disaster assistance information and download applications at.

Interest does not begin to accrue until 12 months from the date of the first disaster loan disbursement. The deadline to apply for economic injury is July 11, 2024. The interest rate is 2.375 percent with terms up to 30 years. The deadline to apply for property damage is Dec. Economic injury assistance is available regardless of whether the nonprofit suffered any property damage. Economic Injury Disaster Loans may be used to pay fixed debts, payroll, accounts payable and other bills that cannot be paid because of the disaster’s impact. SBA can also lend additional funds to help with the cost of improvements to protect, prevent or minimize disaster damage from occurring in the future.įor certain private nonprofit organizations of any size, SBA offers Economic Injury Disaster Loans to help with meeting working capital needs caused by the disaster. SBA may lend private nonprofits up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory and other business assets.

If not, FEMA may refer the private nonprofit to SBA for disaster loan assistance. If so, FEMA may provide the private nonprofit with a Public Assistance grant for their eligible costs. The Federal Emergency Management Agency will use that information to determine if the private nonprofit provides an “essential governmental service” and is a “critical facility” as defined by law. “At the briefings, private nonprofit representatives will need to provide information about their organization,” continued Lusk. “Private nonprofit organizations should contact Bureau Chief Jake Ganieany of the Montana Department of Military Affairs by calling (406) 417-9234 or emailing to obtain information about applicant briefings,” said Director Jeffrey Lusk of SBA’s Disaster Field Operations Center-West. These low-interest federal disaster loans are available in Carbon, Daniels, Fergus, Garfield, Golden Valley, Musselshell, Petroleum, Phillips, Stillwater and Treasure counties. Private nonprofits that provide essential services of a governmental nature are eligible for assistance. – Low-interest federal disaster loans are now available to certain private nonprofit organizations in Montana following President Biden’s federal disaster declaration for Public Assistance as a result of flooding that occurred June 1 - 8, announced Administrator Isabella Casillas Guzman of the U.S. Market research and competitive analysis.

Sba mentor protege program application checklist