Skagit County





PRESS RELEASE

April 13, 2023




*Contact*

Danica Sessions

[email protected]

360-416-1300






FOR IMMEDIATE RELEASE

*Disaster Assistance Available for Skagit County Small Businesses Economically Impacted by December 2022 Tidal Flooding *

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The U.S. Small Business Administration is offering low-interest federal disaster loans for working capital to small businesses in Skagit County that were economically impacted by severe storms, flooding, and freezing conditions between December 18 - 28, 2022.

The following businesses may be eligible for an Economic Injury Disaster Loan:


* Small nonfarm businesses
* Small agricultural cooperatives
* Small businesses engaged in aquaculture
* Most private nonprofit organizations of any size

Eligibility is based on the financial impact of the disaster only and not on any actual property damage. These loans have an interest rate of 3.305 percent for small businesses and 2.375 percent for private nonprofit organizations with terms up to 30?years and are restricted to small businesses without the financial ability to offset the adverse impact without hardship.

Businesses that qualify for an Economic Injury Disaster Loan may be eligible for up to $2?million to help meet financial obligations and operating expenses which could have been met had the disaster not occurred. These loans may be used to pay fixed debts, payroll, accounts payable, and other bills that cannot be paid because of the disaster?s impact.

The deadline to apply is January 12, 2024.

Applicants may apply online, receive additional disaster assistance information, and download applications at [link removed] [ [link removed] ].

Completed applications should be mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort?Worth, TX? 76155.

Applicants may also call SBA?s Customer Service Center at (800)?659-2955 or email [email protected] for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.

Additionally, the Washington Small Business Development Center is offering free, personalized counseling to help affected businesses in their recovery. Businesses may contact the Washington Lead Office by emailing [email protected] or by calling (833)?492-7232.

Contact Skagit County Department of Emergency Management for more information by calling (360) 416-1850 or email [email protected].

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Skagit County [ [link removed] ]

SKAGIT COUNTY, WASHINGTON

County Commissioners: Lisa Janicki, Peter Browning, Ron Wesen
1800 Continental Place, Suite 100
Mount Vernon, WA 98273

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