02-8015. Economic Injury Disaster Loans as a Result of the September 11, 2001 Terrorist Attacks

ACTION:

Notice of extension of application deadline.

FOR FURTHER INFORMATION CONTACT:

George Camp, Supervisory Program Analyst, Office of Disaster Assistance, 202-205-6734.

SUPPLEMENTARY INFORMATION:

In response to the President's major disaster declarations with respect to the World Trade Center and the Pentagon and the widespread economic impact caused by the terrorist attacks and the related Federal actions taken directly thereafter, the SBA revised its disaster loan regulations on October 22, 2001. Under the revised regulations, SBA can make economic injury disaster loans (EIDL) to eligible 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 or the 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.

As authorized by 13 CFR 123.605, SBA is extending the application deadline for good cause. On March 15, 2002, SBA published in the Federal Register (67 FR 11874) an interim final rule that changes the date upon which the size of a business is determined for purposes of this expanded EIDL program. In addition, SBA published in the Federal Register on January 23, 2002 (67 FR 3041) an interim final rule which makes adjustments in its monetary-based size standards in recognition of the effect of inflation since 1994. An extension of time to file for expanded EIDL assistance is appropriate and necessary to enable businesses to ascertain if they are now eligible in light of these recent Federal Register publications. Accordingly, with this Notice, the SBA extends the filing deadline for expanded economic injury disaster loans under this disaster program from April 22, 2002 to May 22, 2002.

Applications for economic injury disaster loans may be obtained and filed at the SBA disaster office servicing the applicant's state.

The disaster numbers assigned are:

Area 1

Connecticut 9TCT, District of Columbia 9TDC, Delaware 9TDE, Maryland 9TMD, Maine 9TME, Massachusetts 9TMA, New Hampshire 9TNH, New Jersey 9TNJ, New York 9TNY, Pennsylvania 9TPA, Rhode Island 9TRI, Virginia 9TVA, Vermont 9TVT, West Virginia 9TWV, Puerto Rico 9TPR, Virgin Islands 9TVI

Area 2

Alabama 9TAL, Florida 9TFL, Georgia 9TGA, Illinois 9TIL, Indiana 9TIN, Kentucky 9TKY, Michigan 9TMI, Minnesota 9TMN, Mississippi 9TMS, North Carolina 9TNC, Ohio 9TOH, South Carolina 9TSC, Tennessee 9TTN, Wisconsin 9TWI

Area 3

Arkansas 9TAR, Colorado 9TCO, Iowa 9TIA, Kansas 9TKS, Louisiana 9TLA, Missouri 9TMO, Montana 9TMT, North Dakota 9TND, Nebraska 9TNE, New Mexico 9TNM, South Dakota 9TSD, Oklahoma 9TOK, Texas 9TTX, Utah 9TUT, Wyoming 9TWY

Area 4

Alaska 9TAK, Arizona 9TAZ, California 9TCA, Hawaii 9THI, Idaho 9TID, Nevada 9TNV, Oregon 9TOR, Washington 9TWA, American Samoa 9TAS, Federated States of Micronesia 9TFM, Guam 9TGU, Republic of the Marshall Islands 9TMH, Commonwealth of Northern Mariana Islands 9TMP

The interest rate for eligible small businesses is 4 percent.

Authority: 13 CFR part 123, subpart G.

Dated: March 28, 2002.

Herbert L. Mitchell,

Associate Administrator for Disaster Assistance.