ATLANTA – The U.S. Small Business Administration (SBA) is reminding eligible Private Nonprofit (PNP)
organizations in Tennessee of the May 8 deadline to submit an SBA disaster loan applications for
physical damages caused by the severe winter storm that occurred Dec. 22-27, 2022.
Eligible PNP organizations in the following Tennessee counties may apply: Cocke, Coffee, Davidson,
Greene, Henderson, Knox, Maury, Perry, Putnam, Shelby and Washington. Examples of eligible noncritical PNP organizations include, but are not limited to, food kitchens, homeless shelters, museums,
libraries, community centers, schools and colleges.
PNP organizations may borrow up to $2 million to repair or replace damaged or destroyed real estate,
machinery and equipment, inventory and other business assets. The interest rate is 2.375 percent, with
terms up to 30 years. Applicants may be eligible for a loan amount increase up to 20 percent of their
physical damages, as verified by the SBA, for mitigation purposes. Eligible mitigation improvements
may include a safe room or storm shelter, sump pump or French drain to help protect property and
occupants from future damage caused by a similar disaster.
The SBA also offers Economic Injury Disaster Loans (EIDLs) to help meet working capital needs, such as
ongoing operating expenses, to PNP organizations. EIDL assistance is available regardless of whether
the organization suffered any physical property damage.
PNP organizations are urged to contact their Emergency Manager to provide information about their
organization. The information will be submitted to FEMA to determine eligibility for a Public Assistance
grant or whether the PNP should be referred to SBA for disaster loan assistance.
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 # 17806.
Disaster loan information and application forms may also be obtained by calling the SBA’s Customer
Service Center at 800-659-2955 (if you are deaf, hard of hearing, or have a speech disability, please dial
7-1-1 to access telecommunications relay services), or by sending an email to
DisasterCustomerService@sba.gov. Loan applications can be downloaded from the SBA’s website 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.
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The filing deadline to submit applications for physical property damage is May 8, 2023. The deadline
to submit economic injury applications is Dec. 8, 2023