 The loans are available to businesses located in the declared
primary Illinois counties of Adams, Alexander, Bond, Calhoun,
Champaign, Christian, Clay, Clinton, Crawford, Cumberland, Edwards,
Fayette, Franklin, Fulton, Gallatin, Greene, Hamilton, Hancock,
Hardin, Jackson, Jefferson, Jersey, Johnson, Kankakee, Knox,
Lawrence, Macon, Macoupin, Madison, Marion, Massac, McDonough,
Menard, Monroe, Montgomery, Morgan, Perry, Pike, Pope, Pulaski,
Randolph, Richland, Saint Clair, Saline, Sangamon, Schuyler, Scott,
Shelby, Union, Vermilion, Wabash, Washington, Wayne, White and
Williamson, and the contiguous counties of Brown, Cass, Clark,
Coles, DeWitt, Douglas, Edgar, Effingham, Ford, Grundy, Henderson,
Henry, Iroquois, Jasper, Livingston, Logan, Mason, McLean, Mercer,
Moultrie, Peoria, Piatt, Stark, Tazewell, Warren and Will.
"SBA's disaster declaration was issued as a result of a similar
action taken by the secretary of agriculture to help farmers recover
from damages and losses to crops," said Frank Skaggs, director of
SBA Field Operations Center East.
Under this declaration, SBA's Economic Injury Disaster Loan
program is available to farm-related and nonfarm-related small
business concerns and small agricultural cooperatives that suffered
economic injury as a direct result of this disaster. Farmers and
ranchers are not eligible to apply to SBA.
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 Eligible small businesses may qualify for loans up to $1.5
million. These loans are available at a 4 percent interest rate with
loan terms up to 30 years. SBA determines eligibility for the
program based on the size and type of business and its financial
resources. Loan amounts and terms are set by SBA and are based upon
each applicant's financial condition. Under this disaster
declaration, SBA cannot provide loans to agricultural producers.
Interested business owners should contact SBA's Customer Service
Center by calling 1-800-659-2955
(1-800-877-8339 for the hearing-impaired). Hours are Monday through
Friday from 8 a.m. until 9 p.m. and Saturday from 9 a.m. to 5:30
p.m. EDT. Business loan applications can also be downloaded from
www.sba.gov/services/disasterassistance. Completed applications
should be mailed to U.S. Small Business Administration, Processing
and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
Completed loan applications must be returned to SBA no later than
Feb. 1, 2008
For more information about the SBA's Disaster Loan programs,
visit
www.sba.gov/services/disasterassistance.
[Text from
U.S.
Small Business Administration news release received from Terry
Storer, Logan County Emergency Management Agency]
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