Additional Counties Eligible for SBA Disaster Assistance for
Private Non-Profit Organizations in New York
ATLANTA, Nov. 17, 2012 /PRNewswire-USNewswire/ -- The U.S.
Small Business Administration adds Orange, Putnam, Sullivan and Ulster counties for disaster assistance
and reminds eligible Private Non-Profit Organizations (PNPs) to
submit their disaster loan applications for damage in
New York. These loans
are available as a result of a Presidential disaster declaration
for Public Assistance resulting from damages caused by Hurricane
Sandy that began on Oct. 27,
2012.
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)
PNPs located in the following counties are eligible to apply:
Bronx, Kings, Nassau, New
York, Orange,
Putnam, Queens, Richmond, Rockland, Suffolk, Sullivan, Ulster and Westchester in New York. Examples of eligible
non-critical PNP organizations include, but are not limited to,
food kitchens, homeless shelters, museums, libraries, community
centers, schools and colleges.
PNP organizations may borrow up to $2 million to repair or
replace damaged or destroyed real estate, machinery and equipment,
inventory and other business assets. The SBA may increase a
loan up to 20 percent of the total amount of disaster damage to
real estate and/or leasehold improvements, as verified by SBA, to
make improvements that lessen the risk of property damage by future
disasters of the same kind.
The SBA also offers Economic Injury Disaster Loans to help meet
working capital needs, such as ongoing operating expenses to PNP
organizations of all sizes. Economic Injury Disaster Loan
assistance is available regardless of whether the organization
suffered any physical property damage.
Interest rates are as low as 3 percent with terms up to 30
years. The SBA sets the loan amounts and terms based on each
applicant's financial condition.
Applicants may apply online using the Electronic Loan
Application (ELA) via SBA's secure website at
https://disasterloan.sba.gov/ela.
Disaster loan information and application forms may also be
obtained by calling the SBA's Customer Service Center at
800-659-2955 (800-877-8339 for the deaf and hard-of-hearing) or by
sending an e-mail to disastercustomerservice@sba.gov. Applications
can also be downloaded from www.sba.gov. Completed applications
should be mailed to: U.S. Small Business Administration, Processing
and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
The filing deadline to return applications for physical property
damage is January 2,
2013. The deadline to return economic injury
applications is August 5,
2013.
For more information about the SBA's Disaster Loan Program,
visit our website at www.sba.gov.
Release Number: 13-091, NY 13374/13375
Contact: Michael
Lampton
Phone: 404-331-0333
SOURCE U.S. Small Business Administration