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Panoptic Enterprises' FEDERAL CONTRACTS DISPATCH

DATE: January 15, 2002

SUBJECT: Small Business Administration; Disaster Loan Program

SOURCE: Federal Register, January 15, 2002, Vol. 67, No. 10, page 2007

AGENCIES: Small Business Administration (SBA)

ACTION: Notice of Extension of Application Deadline

SYNOPSIS: SBA is extending the application deadline for economic injury disaster loans (EIDLs) to small business concerns outside the declared disaster areas that suffered substantial economic injury as a direct result of the destruction of the World Trade Center, New York, NY, or the damage to the Pentagon on September 11, 2001, from January 22, 2002, to April 22, 2002.

EDITOR'S NOTE: The SBA's EIDL regulations are in Title 13 of the Code of Federal Regulations (CFR), "Chapter 1, Small Business Administration," "Part 123, Disaster Loan Program".

For more on the EIDL regulations pertaining to the destruction of the World Trade Center or damage to the Pentagon on September 11, 2001, or as a direct result of any related federal action taken between September 11, 2001 and October 22, 2001, see the October 22, 2001, FEDERAL CONTRACTS DISPATCH "Small Business Administration; Disaster Loan Program."

DATES: The application deadline is extended from January 22, 2002, to April 22, 2002.

FOR FURTHER INFORMATION CONTACT: George Camp, Supervisory Program Analyst, Office of Disaster Assistance, 202-205-6734.

SUPPLEMENTAL INFORMATION: On October 22, 2001, SBA added to 13 CFR Part 123 a new Subpart G, Economic Injury Disaster Loans as a Result of the September 11, 2001 Terrorist Attacks, to authorize EIDL assistance to eligible small businesses located beyond the declared disaster areas. SBA set January 22, 2002, as the deadline for the submission of applications. However, a large number of applications were issued and have not been returned to the SBA, so SBA has decided to extend the filing deadline for EIDLs under this disaster program from January 22, 2002, to April 22, 2002 (see 13 CFR 123.605, How long do I have to apply for a loan under this subpart?).

The interest rate for eligible small businesses is 4%.

Applications can be filed at the SBA disaster office servicing the applicant's state:

FOR FURTHER INFORMATION CONTACT: Panoptic Enterprises at 703-451-5953 or by e-mail to Panoptic@FedGovContracts.com.

Copyright 2002 by Panoptic Enterprises. All Rights Reserved.

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