WASHINGTON
– New York businesses and residents affected by flooding on Jan. 15-16, 2018, can apply for low-interest disaster loans from the U.S. Small Business Administration, Administrator Linda McMahon announced today.
McMahon made the loans available in response to a letter from Gov. Andrew Cuomo on March 16 requesting a disaster declaration by the SBA. The declaration covers Clinton County and the contiguous counties of Essex and Franklin in
New
York
; and Chittenden and Grand Isle counties in
Vermont
.
New
York
; and Chittenden and Grand Isle counties in
Vermont
.
“The SBA is strongly committed to providing the people of New York with the most effective and customer-focused response possible to assist businesses of all sizes, homeowners and renters with federal disaster loans,” said McMahon.
SBA’s Customer Service Representatives will be available at the Disaster Loan Outreach Center to answer questions about the disaster loan program and help individuals complete their applications.
The Center is located and will be open as indicated:
Clinton County
Clinton County Housing Assistance
Plattsburgh, NY 12901
Opening: Thursday, March 29 at 11 a.m.
Hours: Monday – Friday, 9 a.m. – 5:30 p.m.; Saturday, March 31, 10 a.m. – 2 p.m.
Closed: Sunday, April 1
Closing: Thursday, April 5 at 3:30 p.m.
“Businesses and private nonprofit organizations may borrow up to $2 million to repair or replace disaster damaged or destroyed real estate, machinery and equipment, inventory, and other business assets,” said SBA’s Syracuse District Director Bernard J Paprocki.
For small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations, the SBA offers Economic Injury Disaster Loans to help meet working capital needs caused by the disaster. Economic Injury Disaster Loan assistance is available regardless of whether the business suffered any physical property damage.
“Loans up to $200,000 are available to homeowners to repair or replace damaged or destroyed real estate. Homeowners and renters are eligible for loans up to $40,000 to repair or replace damaged or destroyed personal property,” said Frank Skaggs, director of SBA’s Field Operations Center East in Atlanta.
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 to help protect property and occupants from future damage caused by a similar disaster.
Interest rates are as low as 3.385 percent for businesses, 2.5 percent for nonprofit organizations, and 1.75 percent for homeowners and renters with terms up to 30 years. Loan amount and terms are set by the SBA and are based on each applicant’s financial condition.
Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at
Disasterloan.sba.gov
.
Disasterloan.sba.gov
.
Businesses and individuals may also obtain information and loan applications by calling the SBA’s Customer Service Center at 1-800-659-2955 (1-800-877-8339 for the deaf and hard-of-hearing), or by emailing
disastercustomerservice@sba.gov
. Loan applications can also be downloaded at
Disasterloan.sba.gov
. Completed applications should be returned to the center or mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
disastercustomerservice@sba.gov
. Loan applications can also be downloaded at
Disasterloan.sba.gov
. Completed applications should be returned to the center or mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
The filing deadline to submit applications for physical property damage is
. The deadline for economic injury applications is
.
May 29, 2018
. The deadline for economic injury applications is
Dec. 27, 2018
.
WASHINGTON
– New York businesses and residents affected by flooding on Jan. 15-16, 2018, can apply for low-interest disaster loans from the U.S. Small Business Administration, Administrator Linda McMahon announced today.
WASHINGTON
McMahon made the loans available in response to a letter from Gov. Andrew Cuomo on March 16 requesting a disaster declaration by the SBA. The declaration covers Clinton County and the contiguous counties of Essex and Franklin in
New
York
; and Chittenden and Grand Isle counties in
Vermont
.
New
York
; and Chittenden and Grand Isle counties in
Vermont
.
New
York
Vermont
“The SBA is strongly committed to providing the people of New York with the most effective and customer-focused response possible to assist businesses of all sizes, homeowners and renters with federal disaster loans,” said McMahon.
SBA’s Customer Service Representatives will be available at the Disaster Loan Outreach Center to answer questions about the disaster loan program and help individuals complete their applications.
The Center is located and will be open as indicated:
Clinton County
Clinton County
Clinton County Housing Assistance
Plattsburgh, NY 12901
Opening: Thursday, March 29 at 11 a.m.
Hours: Monday – Friday, 9 a.m. – 5:30 p.m.; Saturday, March 31, 10 a.m. – 2 p.m.
Closed: Sunday, April 1
Closing: Thursday, April 5 at 3:30 p.m.
“Businesses and private nonprofit organizations may borrow up to $2 million to repair or replace disaster damaged or destroyed real estate, machinery and equipment, inventory, and other business assets,” said SBA’s Syracuse District Director Bernard J Paprocki.
For small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations, the SBA offers Economic Injury Disaster Loans to help meet working capital needs caused by the disaster. Economic Injury Disaster Loan assistance is available regardless of whether the business suffered any physical property damage.
“Loans up to $200,000 are available to homeowners to repair or replace damaged or destroyed real estate. Homeowners and renters are eligible for loans up to $40,000 to repair or replace damaged or destroyed personal property,” said Frank Skaggs, director of SBA’s Field Operations Center East in Atlanta.
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 to help protect property and occupants from future damage caused by a similar disaster.
Interest rates are as low as 3.385 percent for businesses, 2.5 percent for nonprofit organizations, and 1.75 percent for homeowners and renters with terms up to 30 years. Loan amount and terms are set by the SBA and are based on each applicant’s financial condition.
Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at
Disasterloan.sba.gov
.
Disasterloan.sba.gov
.
Businesses and individuals may also obtain information and loan applications by calling the SBA’s Customer Service Center at 1-800-659-2955 (1-800-877-8339 for the deaf and hard-of-hearing), or by emailing
disastercustomerservice@sba.gov
. Loan applications can also be downloaded at
Disasterloan.sba.gov
. Completed applications should be returned to the center or mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
disastercustomerservice@sba.gov
. Loan applications can also be downloaded at
Disasterloan.sba.gov
. Completed applications should be returned to the center or mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
The filing deadline to submit applications for physical property damage is
. The deadline for economic injury applications is
.
May 29, 2018
. The deadline for economic injury applications is
Dec. 27, 2018
.
May 29, 2018
Dec. 27, 2018