Disaster Loan Assistance Available For Small Business Owners.SEATTLE--(BUSINESS WIRE)--Nov. 21, 1994--Gretchen Sorensen, regional administrator of the U.S. Small Business Administration (SBA SBA abbr. Small Business Administration Noun 1. SBA - an independent agency of the United States government that protects the interests of small businesses and ensures that they receive a fair share of government ), today announced that small business owners in Klickitat County are now eligible to apply for low interest loans to offset economic losses resulting from the reduced revenues to farmers and ranchers stemming from heavy precipitation precipitation, in chemistry precipitation, in chemistry, a process in which a solid is separated from a suspension, sol, or solution. In a suspension such as sand in water the solid spontaneously precipitates (settles out) on standing. in neighboring neigh·bor n. 1. One who lives near or next to another. 2. A person, place, or thing adjacent to or located near another. 3. A fellow human. 4. Used as a form of familiar address. v. Oregon Oregon, city, United States Oregon, city (1990 pop. 18,334), Lucas co., NW Ohio, a suburb adjacent to Toledo, on Lake Erie; inc. 1958. It is a port with railroad-owned and -operated docks. The city has industries producing oil, chemicals, and metal products. , which occurred in late May and early June 1994. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Sorensen, small, non-farm businesses, including "Main Street" businesses, and cooperatives may qualify for SBA disaster loans if they have experienced financial difficulties as a result of reduced revenues to farmers and ranchers due to the heavy precipitation. "The SBA offers economic injury disaster loans up to $1.5 million to small business owners who were adversely impacted by the disaster," Sorensen said. "These working capital loans are designed to help business owners meet financial obligations which would have been met had the disaster not occurred," he continued. Farmers, ranchers, and nurseries are not eligible for assistance under this declaration. However, assistance may be available from the Farmers Home Administration (FmHA). Information and loan application forms may be obtained by writing the SBA at P.O. Box 13795, Sacramento, CA 95853-4795 or by calling toll free 800/488-5323 during normal business hours BUSINESS HOURS. The time of the day during which business is transacted. In respect to the time of presentment and demand of bills and notes, business hours generally range through the whole day down to the hours of rest in the evening, except when the paper is payable it a bank or by a . Hearing impaired individuals may call 916/566-7388. All applications for economic injury disaster loans must be returned to the SBA no later than June 20, 1995. All of the SBA's programs and services are extended to the public on a non-discriminatory basis. CONTACT: U.S. Small Business Administration Diane Brady, 916/566-7240 |
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