Small businesses affected by the May 27, 2018 severe flooding have until April 25 to apply for working capital loans from the U.S. Small Business Administration.

The SBA says capital loans are still available to small businesses, small agricultural cooperatives, small businesses involved in aquaculture and private nonprofit organizations affected by the flooding.

The deadline to apply is April 25, 2019.

Working capital disaster loans up to $2 million are available at 3.61 percent for small businesses, and 2.5 percent for private nonprofit organizations, with terms up to 30 years. SBA says the loans are intended to pay fixed debts, payroll, accounts payable and other expenses that could have been paid if not for the disaster.

Applicants may use the electronic loan application (ELA) at SBA's secure web site, DisasterLoan.sba.gov.

Businesses also may obtain information and loan applications through the SBA's Customer Service Center, 1-800-659-2955 (1-800-877-8339 for the deaf and hard of hearing), or by emailing disastercustomerservice@sba.gov. 

Loan applications can be downloaded at sba.gov/disaster.  Completed applications should be mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Rd., Fort Worth, Texas, 76155.