Business Assistance -

· Small Business Administration (SBA): Economic Injury Disaster loans are available to eligible commercial fishermen and other small business owners in the disaster area. These loans have an interest rate of 4%, a maximum term of 30 years and a limit of $1.5 million. Eligibility is based on the financial impact of the disaster to cover expenses that could have been met had the disaster not occurred.
To apply, call the SBA at 1-800-488-5323 or write them at P.O. Box 13795, Sacramento, CA 95853-4795.
The deadline to apply for a loan is May 9, 2001.

· Alaska Division of Investments: Individuals with loans under the Commercial Fishing Revolving Loan Fund who are unable to make their payments may file an extension application. Application should be filed prior to the payment due date to avoid late charges. The loan extension fee will be waived for all loans on items purchased or refinanced for use in the declared disaster areas. Tax Obligation Loans are also available to eligible commercial fishing harvesters at risk of losing their limited entry permits due to tax obligations. To apply, call the division at 1-800-478-LOAN (5626)

· Alaska Business Development Center (ABDC): Commercial fish harvesters can receive assistance with financial issues resulting from the disaster. Contact ABDC at 1-800-478-FISH (3474) for assistance.