Deadline to apply for SBA loans is June 3

ATLANTA — The U.S. Small Business Administration is reminding small businesses, small agricultural cooperatives,  small aquaculture businesses  and nonprofit organizations in Illinois of the deadline to submit disaster loan applications for economic injury caused by severe  storms, flooding and tornadoes between June 7 and July 31, 2015.

“Businesses  that  suffered  economic  losses  as  a  result  of  the  disaster  and  want  to  apply  for low-interest loans from the SBA are urged to do so before the June 3 deadline,” said Frank Skaggs, director of SBA Field Operations Center East.

Low-interest disaster loans are available in the counties of Ford, Grundy, Iroquois, Kankakee, Kendall, LaSalle, Livingston, Vermilion and Will in Illinois, and Benton and Newton in Indiana.

Working capital disaster loans up to $2 million are available at 4 percent for small businesses, and 2.625 percent for private nonprofit organizations with terms up to 30 years. The loans are intended to pay fixed debts,  payroll,  accounts  payable,  and  other  expenses  that  could  have  been  paid  had  the  disaster  not occurred. To be considered for this assistance, eligible entities need to apply by the deadline.

Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at

Businesses  may  also  obtain  information  and loan applications by calling the SBA’s Customer Service Center   at   800-659-2955 or   by   emailing  Loan  applications  can  also  be  downloaded  at

Completed   applications   should   be   returned   to   the   center   or   mailed   to:   U.S.   Small   Business Administration, Process ing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.

The deadline to return economic injury applications is June 3.


The Paxton Record embraces discussion of both community and world issues. We welcome you to contribute your ideas, opinions and comments, but we ask that you avoid personal attacks, vulgarity and hate speech. we reserve the right to remove any comment at its discretion, and we will block repeat offenders' accounts. To post comments, you must first be a registered user, and your username will appear with any comment you post. Happy posting.

Login or register to post comments

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Kabir21 wrote on May 15, 2016 at 6:05 am

If you want to apply for small business loans? then you have to read some useful information about SBA loans via this post. What you think about evaluates essay writers australia? if you have some suggestions about this, then don't hesitate to share this with us.

danny12 wrote on May 23, 2016 at 9:05 am

This initiative should provide support for so many farmers affected by the bad weather. They need it and they should apply for these loans. It would be interesting to see how many actually took advantage of this opportunity. Are the conditions similar to those from the short term loans new york? It would help people get some guidelines on what to expect.