SBA Working Capital Loans Available in Tennessee Following Secretary of Agriculture Disaster Declaration for Excessive Rain and Flooding
Release Date: July 15, 2021 Contact: Michael Lampton (404) 331-0333
Michael.Lampton@sba.gov
Release Number: 21-460, TN 17036 Follow us on Twitter, Facebook, Blogs & Instagram
SBA Working Capital Loans Available in Tennessee Following Secretary of
Agriculture Disaster Declaration for Excessive Rain and Flooding
ATLANTA – The U.S. Small Business Administration announced today that Economic Injury Disaster
Loans are available to small businesses, small agricultural cooperatives, small businesses engaged
in aquaculture and private nonprofit organizations in Tennessee as a result of excessive rain and
flooding on Mar. 28 through April 8, 2021.
The loans are available in the following counties: Dickson, Hickman, Humphreys, Lewis, Maury, Perry,
Williamson in Tennessee.
“When the Secretary of Agriculture issues a disaster declaration to help farmers recover from damages
and losses to crops, the Small Business Administration issues a declaration to eligible entities,
affected by the same disaster,” said Kem Fleming, director of SBA’s Field Operations Center East.
Under this declaration, the SBA’s Economic Injury Disaster Loan program is available to eligible farm related and nonfarm-related entities that suffered financial losses as a direct result of this disaster.
Except for aquaculture enterprises, SBA cannot provide disaster loans to agricultural producers, farmers and ranchers.
The loan amount can be up to $2 million with interest rates of 3 percent for small businesses and 2
percent for private nonprofit organizations of all sizes, with terms up to 30 years. The SBA determines
eligibility based on the size of the applicant, type of activity and its financial resources.
Loan amounts and terms are set by the SBA and are based on each applicant’s financial condition. These working
capital loans may be used to pay fixed debts, payroll, accounts payable, and other bills that could have
been paid had the disaster not occurred. The loans are not intended to replace lost sales or profits.
Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website
at DisasterLoan.sba.gov/ela/s/ and should apply under SBA declaration # 17036, not for the COVID-19
incident. Businesses may also obtain information and loan applications by calling the SBA’s Customer
Service Center at 1-800-659-2955 (1-800-877-8339 for the deaf and hard-of-hearing), or by emailing
DisasterCustomerService@sba.gov. Loan applications can also be downloaded at sba.gov/disaster.
Completed applications should be mailed to: U.S. Small Business Administration, Processing and
Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
Submit completed loan applications to SBA no later than March 9, 2022.