Williamson County Chamber: SBA Disaster Assistance Available For Private NonProfit Organizations In Additional County In Tennessee

Press release from Williamson County Chamber:

June 24, 2021

Release Date: June 23, 2021 Contact: Michael Lampton (404) 331-0333 Michael.Lampton@sba.gov

Release Number: 21-414, TN 16972/16973 Follow us on: Twitter, Facebook, Blogs & Instagram

SBA Disaster Assistance Available for Private NonProfit Organizations in Additional County in Tennessee

ATLANTA – The U.S. Small Business Administration announced today that the disaster declaration for Public Assistance resulting from damages caused by severe storms, tornadoes and flooding from March 25 through April 3, 2021 now includes certain Private NonProfit organizations (PNP)s in Marion County, Tennessee. PNPs that do not provide critical services of a governmental nature may be eligible to apply for low-interest disaster loans.
PNPs located in Campbell, Cannon, Cheatham, Claiborne, Clay, Davidson, Decatur, Fentress, Grainger, Hardeman, Henderson, Hickman, Jackson, Madison, Marion, Maury, McNairy, Moore, Overton, Scott, Smith, Wayne, Williamson and Wilson counties in Tennessee are eligible to apply. Examples of eligible non-critical PNP organizations include, but are not limited to, food kitchens, homeless shelters, libraries, community centers, schools and colleges.

PNP organizations may borrow up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory, and other business assets. The interest rate is 2 percent with terms up to 30 years. Applicants may be eligible for a loan amount increase up to 20 percent of their physical damages, as verified by the SBA for mitigation purposes. Eligible mitigation improvements may include a safe room or storm shelter, sump pump, French drain or retaining wall to help protect property and occupants from future damage caused by a similar disaster.

The SBA also offers Economic Injury Disaster Loans to help meet working capital needs, such as ongoing operating expenses to PNP organizations. EIDL assistance is available regardless of whether the organization suffered any physical property damage.

PNP organizations are urged to contact their county’s Emergency Manager for information about their organization. The information will be submitted to FEMA to determine eligibility for a Public Assistance grant or whether the PNP should be referred to SBA for disaster loan assistance.

Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at DisasterLoan.sba.gov and should apply under SBA declaration # 16972, not for the COVID-19 incident.
Disaster loan information and application forms may also be obtained by calling the SBA’s Customer Service Center at 800-659-2955 (800-877-8339 for the deaf and hard-of-hearing) or sending an email to DisasterCustomerService@sba.gov. Loan applications can also be downloaded from sba.gov/disaster.

Completed applications should be mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.

The filing deadline to submit applications for physical property damage is July 7, 2021. The deadline to submit economic injury applications is Feb. 8, 2022.
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This press release was produced by Williamson County Chamber. The views expressed here are the author’s own.