Deadline for SBA loans for BP oil spill is Monday

            Local businesses who might want to get a loan from the Small Business Administration because of the BP oil spill have until Monday to get their paperwork in.

The economic injury disaster loans can provide working capital of up to $2 million dollars to pay fixed debts, payroll, accounts payable and other bills that could have been paid had the oil spill not occurred.

The loans are offered at 4 percent interest with terms up to 30 years. 

The deadline to apply for the money is February the 14^th.

For more information call the SBA’s Customer Service Center at 1- 800-659-2955

Business loan applications can also be downloaded from the SBA website at www.sba.gov. 

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