Las Vegas Sun

March 28, 2024

Deadline extended for terror program loans

The U.S. Small Business Administration has extended the filing deadline for small business owners to apply for Economic Injury Disaster Loans to April 22.

The original deadline was Jan. 21.

The loans are available to eligible small businesses that suffered substantial economic injury as a direct result of the September terrorist attacks or a federal action taken as a result of those events.

The loans provide working capital needed to pay ordinary operating expenses such as fixed debts, payroll and accounts payables that small businesses normally would have been able to pay had the disaster not occurred.

Businesses may apply for loans of up to $1.5 million at 4 percent interest with a maximum term of 30 years.

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