Grand Isle County added to disaster declaration for private non-profit organizations

first_imgThe US Small Business Administration announced today that Grand Isle County is added to the disaster declaration for Private Non-Profit Organizations (PNPs) in Vermont that do not provide critical services of a governmental nature. The deadline to submit disaster loan applications is Oct. 31, 2011 for damages caused by Tropical Storm Irene that occurred on Aug. 27 – Sept. 2, 2011.Non-Profit Organizations located in Addison, Bennington, Caledonia, Chittenden, Essex, Franklin,Lamoille, Orange, Orleans, Rutland, Washington, Windham, Windsor and the newly added Grand Isle County in Vermont are eligible for both Physical and Economic Injury Disaster Loans from the SBA. Examples of eligible non-critical PNP organizations include, but are not limited to, food kitchens, homeless shelters, museums, libraries, community centers, schools and colleges.PNP 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 SBA may increase a loan up to 20 percent of the total amount of disaster damage to real estate and/or leasehold improvements, as verified by SBA, to make improvements that lessen the risk of property damage by future disasters of the same kind.The SBA also offers Economic Injury Disaster Loans to help meet working capital needs, such as ongoing operating expenses to PNP organizations of all sizes.  Economic Injury Disaster Loan assistance is available regardless of whether the organization suffered any physical property damage.Interest rates are as low as 3 percent with terms up to 30 years. The SBA sets the loan amounts and terms based on each applicant’s financial condition.Disaster loan information and application forms may be obtained by calling the SBA’s Customer Service Center at 800-659-2955 (800-877-8339 for the deaf and hard-of-hearing) Monday through Friday from 8 a.m. to 8 p.m., and Saturday and Sunday from 9 a.m. to 5:30 p.m. ET or by sending an e-mail todisastercustomerservice@sba.gov(link sends e-mail). Applications can also be downloaded from www.sba.gov(link is external). Completed applications should be mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.  Those affected by the disaster may also apply for disaster loans electronically from SBA’s website at https://disasterloan.sba.gov/ela/(link is external).The filing deadline to return applications for physical property damage is October 31, 2011.  The deadline to return economic injury applications is June 1, 2012 .  For more information about the SBA’s Disaster Loan Program, visit our website at www.sba.gov(link is external) .SOURCE U.S. Small Business Administration ATLANTA, Sept. 23, 2011 /PRNewswire-USNewswire/ —last_img read more

Credit unions step in to help California wildfire victims

first_imgState of the credit unionFifteen natural disasters have damaged properties, forced residents to flee and cost billions in property damage in 2017.But, while most aren’t expecting assistance from their financial institutions (FIs), credit unions have shown that they are ready, willing and able to step up after disaster strikes — and work to help members piece their lives back together.The latest PYMNTS Credit Union Tracker™, powered by CO-OP Financial Services, features news on changing credit union regulations and the latest innovation efforts in the market.News from the credit union marketBipartisanship in Washington, D.C., is a rare occurrence these days, but lawmakers recently managed to pull off a holiday miracle for players in the credit union market. continue reading » 9SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

Guidetti makes Stoke loan switch

first_imgManchester City striker John Guidetti has joined Stoke on loan. Press Association City have confirmed the Sweden Under-21 international will spend the rest of the season at the Britannia Stadium. The highly-rated Guidetti, 21, joined City at the age of 16 but his progress at the club has been hampered by illness and injuries. center_img Guidetti has appeared twice on the City bench this season but the club feel he would benefit from having greater opportunities elsewhere. He is behind the likes of Sergio Aguero, Alvaro Negredo, Edin Dzeko and Stevan Jovetic at the Etihad Stadium. Guidetti spent time on loan at Burnley just over three years ago and also had a successful spell at Feyenoord in the 2011-12 season. A statement on City’s website confirmed the deal at Stoke would run until June 30. The deal was made possible after Stoke confirmed they had converted midfielder Stephen Ireland’s loan move from Aston Villa into a permanent deal. That freed up another loan space for Guidetti to move to the Britannia Stadium. The Potters have Liverpool’s Oussama Assaidi as their other permitted Premier League loanee. last_img read more