Non-Profits May Qualify for Disaster Loans

The U.S. Small Business Administration announced Friday that certain private non-profit organizations in Kentucky may be eligible to apply for low-interest rate disaster loans to deal with damages caused by severe storms and flooding in 2018.

Western Kentucky counties eligible for the loans include  Ballard, Carlisle, Crittenden, Livingston, Marshall, Mccracken, Trigg and Union. 

Examples of eligible non-critical non-profit organizations include, but are not limited to food kitchens, homeless shelters, museums, libraries, community centers, schools and colleges.

These 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 2.75 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 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 organizations. Economic Injury Disaster Loan assistance is available regardless of whether the organization suffered any physical property damage. Interested organizations should 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 organization 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. 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-ofhearing) or sending an email to disastercustomerservice@sba.gov. Loan applications can also be downloaded from www.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 June 17, 2019.