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Farmers and businessmen in Rappahannock are eligible for Economic Injury Disaster Loans for working capital purposes to handle a larger than normal volume of accounts receivable, lower sales volume, slow inventory turnover, delinquencies in accounts payable, expenses, loan payments, etc.
These loans bear an annual interest rate of 3 per cent on the first $25,000 and 6’/• per cent on that portion over $25,000.
Authority to accept applications for Economic Injury Disaster Loans will expire May 29,1978.
The Richmond, SBA office staff is available to handle all inquiries during the hours of 8:30 a.m. to 5:00 p.m., Monday through Friday. Telephone or letter inquiries may be directed to Small Business Administration, Federal Building, Third Floor, P. O. Box 10126, Richmond, Virginia 23240; telephone 804-782-2617.
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