SACRAMENTO, Calif. – Director Tanya N. Garfield of the U.S. Small Business Administration’s Disaster Field Operations Center-West on Tuesday reminded Oklahoma small businesses of the March 29, 2023, deadline to apply for an SBA federal disaster loan for economic injury caused by severe storms, tornadoes and flooding that occurred May 2 - 8, 2022.

According to Garfield, small nonfarm businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations of any size may apply for Economic Injury Disaster Loans of up to $2 million to help meet working capital needs caused by the disaster. “Economic Injury Disaster Loans may be used to pay fixed debts, payroll, accounts payable and other bills that cannot be paid because of the disaster’s impact. Economic injury assistance is available regardless of whether the applicant suffered any property damage,” Garfield said.

These low-interest federal disaster loans are available in the counties below: Primary Oklahoma counties: Adair, Cherokee, Muskogee, Okmulgee, Pottawatomie, Seminole and Tulsa; Neighboring Oklahoma counties: Cleveland, Creek, Delaware, Haskell, Hughes, Lincoln, Mayes, McClain, Mcintosh, Okfuskee, Oklahoma, Osage, Pawnee, Pontotoc, Rogers, Sequoyah, Wagoner and Washington; Neighboring Arkansas counties: Benton, Crawford and Washington.

The interest is 2.935 percent for businesses and 1.875 percent for private nonprofit organizations with terms up to 30 years. Loan amounts and terms are set by SBA and are based on each applicant’s financial condition.

Applicants may apply online, receive additional disaster assistance information and download applications at https://disasterloanassistance. sba.gov/. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@ sba.gov 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. Completed applications should be mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.