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LESS THAN ONE WEEK REMAINING FOR STORM VICTIMS TO APPLY FOR ASSISTANCE

LESS THAN ONE WEEK REMAINING FOR STORM VICTIMS TO APPLY FOR ASSISTANCE
 SEATTLE, Dec. 11 /PRNewswire/ -- Small Business Administration (SBA) District Director Robert P. Meredith today announced that small business owners located in Island, Jefferson, King, Kitsap, Mason, Pierce and Snohomish Counties who suffered working capital shortfalls directly attributable to the severe winter storms that occurred Dec. 20 through Dec. 31, 1990, have until Dec. 16, 1991, to apply for financial assistance from the SBA.
 According to Meredith, small, non-farm businesses and small agricultural cooperatives that have suffered economic injury due to last winter's storms are eligible to apply for Economic Injury Disaster Loans (EIDLs). An EIDL is a low-interest, working-capital loan of up to $500,000 to meet financial obligations which would have been met if not for the disaster. Loan applicants must demonstrate substantial economic injury due to the disaster and must be unable to offset such injury through use of their own credit and personal resources.
 SBA has issued EIDL applications to 33 small business owners since the disaster was declared, but to date only six applications have been returned for processing. More than $150,000 has been disbursed to small businesses in the affected area so far.
 Meredith encouraged small businesses in need of financial assistance as a result of the storm to submit their disaster loan applications as soon as possible. Information and loan application forms may be obtained by writing to SBA at P.O. Box 13795, Sacramento, CA 95853-4795 or by calling toll free 800-488-5323 during normal business hours.
 Reminder: All applications must be received by SBA by Dec. 16, 1991.
 All of SBA's programs and services are extended to the public on a non-discriminatory basis.
 -0- 12/11/91
 /CONTACT: S. George Camp of Small Business Administration, 916-978-4578/ CO: U.S. Small Business Administration ST: Washington IN: SU:


JH-SC -- SE004 -- 1625 12/11/91 16:33 EST
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Publication:PR Newswire
Date:Dec 11, 1991
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