Monday June 15 Last Day for Economic Injury Filing

Small businesses or private, nonprofit organizations in the declared disaster area may be eligible for additional financial assistance from the U.S. Small Business Administration (SBA), regardless of physical damage, through the SBA's Economic Injury Disaster Loan (EIDL) program.
 
The deadline to apply for an EIDL is June 15, 2009.
 
According to the SBA, substantial economic injury is defined as "the inability of a business to meet its obligations as they mature and pay its ordinary and necessary operating expenses."
 
The loans are meant to help meet necessary financial obligations that normally could have been met, had Hurricane Ike not occurred.
 
As of Feb. 25, the SBA has approved 497 economic injury loans totaling more than more than $54.2 million in Harris County.
 
To help meet the "unique" needs of the business community, SBA is operating a Business Assistance Centers (BAC) in Harris County:
 
San Jacinto College SBDC, Economic Alliance – Houston Port, Region Building, 908 West Main Street, La Porte, 77571 remains open 8 a.m. to 5 p.m. Monday through Friday
 
For more information on the EIDL program, visit http://www.sba.gov/services/disasterassistance/businessesofallsizes/economicinjuryloans/index.html
 
The number to call SBA is 1-800-659-2955.