Deadline to use approaching
MECOSTA COUNTY — The U.S. Small Enterprise Administration is reminding small companies and small agricultural cooperatives of catastrophe loans accessible.
The submitting deadline for federal financial damage catastrophe loans in Michigan resulting from extreme rain is Jan. 4, 2021.
The loans can be found in Mecosta, Allegan, Barry, Ionia, Kent, Lake, Mason, Montcalm, Muskegon, Newaygo, Oceana, Osceola and Ottawa counties.
Underneath the declaration, the S(BA)‘s Financial Harm Catastrophe loan program is obtainable to eligible farm associated and nonfarm-related entities that suffered monetary losses as a direct results of this catastrophe.
Aside from aquaculture enterprises, S(BA) can not present catastrophe loans to agricultural producers, farmers or ranchers.
The loans are for working capital and might be as much as $2 million with rates of interest of Four p.c for eligible small companies and a couple of.75 p.c for nonprofit organizations, and phrases as much as 30 years.
Catastrophe loan data and software kinds may even be obtained by calling the S(BA)‘s Buyer Service Middle at 800-659-2955 or by sending an e mail to DisasterCustomerService@sba.gov.
loan purposes might be downloaded from the S(BA)‘s web site at sba.gov/catastrophe.
Accomplished purposes ought to be mailed to: U.S. Small Enterprise Administration, Processing and Disbursement Middle, 14925 Kingsport Highway, Fort Value, TX 76155.