{"id":111621,"date":"2020-03-20T08:47:23","date_gmt":"2020-03-20T12:47:23","guid":{"rendered":"https:\/\/madisoncountycourier.com\/?p=111621"},"modified":"2020-03-20T08:47:23","modified_gmt":"2020-03-20T12:47:23","slug":"sba-offers-disaster-assistance","status":"publish","type":"post","link":"https:\/\/madisoncountycourier.com\/?p=111621","title":{"rendered":"SBA offers disaster assistance"},"content":{"rendered":"\n
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Help available for New York small businesses economically\nimpacted by the coronavirus<\/h3>\n\n\n\n

The U.S. Small Business Administration is offering low-interest federal\ndisaster loans for working capital to New York small businesses\nsuffering substantial economic injury as a result of COVID-19, SBA\nAdministrator Jovita Carranza announced.<\/p>\n\n\n\n

SBA acted under its own authority, as provided by the\nCoronavirus Preparedness and Response Supplemental Appropriations Act that was\nrecently signed by the president, to declare a disaster following a request\nreceived from Gov. Andrew M. Cuomo March 17, 2020.<\/p>\n\n\n\n

The disaster declaration makes SBA assistance available in\nthe entire state of New York; and the contiguous counties\nof Fairfield and Litchfield in Connecticut; Berkshire in Massachusetts;\nBergen, Hudson, Passaic and Sussex in New Jersey;  Bradford,\nErie, McKean, Pike, Potter, Susquehanna, Tioga, Warren and Wayne in Pennsylvania;\nand Addison, Bennington, Chittendon, Grand Isle and Rutland in Vermont.<\/p>\n\n\n\n

\u201cSBA is strongly committed to providing the most effective\nand customer-focused response possible to assist New York small\nbusinesses with federal disaster loans,\u201d Carranza said. \u201cWe will be swift in\nour efforts to help these small businesses recover from the financial impacts\nof the coronavirus (COVID-19).\u201d<\/p>\n\n\n\n

SBA customer service representatives will be available to\nanswer questions about SBA\u2019s Economic Injury Disaster Loan program and explain\nthe application process.<\/p>\n\n\n\n

\u201cSmall businesses, private non-profit organizations of any\nsize, small agricultural cooperatives and small aquaculture enterprises that\nhave been financially impacted as a direct result of the coronavirus (COVID-19)\nsince Jan. 31, 2020, may qualify for Economic Injury Disaster Loans of up to\n$2 million to help meet financial obligations and operating expenses which\ncould have been met had the disaster not occurred,\u201d said Carranza. \u201cThese loans\nmay be used to pay fixed debts, payroll, accounts payable and other bills that\ncan\u2019t be paid because of the disaster\u2019s impact. Disaster loans can provide\nvital economic assistance to small businesses to help overcome the temporary\nloss of revenue they are experiencing.\u201d<\/p>\n\n\n\n

Eligibility for Economic Injury Disaster Loans is based on\nthe financial impact of  COVID-19. The\ninterest rate is 3.75 percent for small businesses. The interest rate for\nprivate non-profit organizations is 2.75 percent. SBA offers loans with\nlong-term repayments in order to keep payments affordable, up to a maximum of\n30 years, and available to entities without the financial ability to offset the\nadverse impact without hardship.<\/p>\n\n\n\n

Applicants may apply online, receive additional disaster\nassistance information and download applications at disasterloan.sba.gov\/ela<\/a>.\nApplicants may also call SBA\u2019s Customer Service Center at\n(800) 659-2955 or email disastercustomerservice@sba.gov<\/a> for\nmore information on SBA disaster assistance. Individuals who are deaf or hard\u2011of\u2011hearing\nmay call (800) 877-8339. Completed applications should be mailed to U.S.\nSmall Business Administration, Processing and Disbursement Center, 14925\nKingsport Road, Fort Worth, Texas, 76155; the deadline to apply for an\nEconomic Injury Disaster Loan is Dec. 21, 2020.<\/p>\n\n\n\n

For more information about Coronavirus, visit: Coronavirus.gov<\/a>; for\nmore information about available SBA resources and services, visit: SBA.gov\/coronavirus<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Help available for New York small businesses economically impacted by the coronavirus The U.S. Small Business Administration is offering low-interest federal disaster loans for working capital to New York small businesses suffering substantial economic injury as a result of COVID-19, SBA Administrator Jovita Carranza announced. SBA acted under its own authority, as provided by the Coronavirus Preparedness and Response […]<\/p>\n","protected":false},"author":2,"featured_media":111622,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[23814,8],"tags":[],"class_list":["post-111621","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-state","category-top-story"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack-related-posts":[],"jetpack_shortlink":"https:\/\/wp.me\/p43meu-t2l","jetpack_featured_media_url":"https:\/\/i0.wp.com\/madisoncountycourier.com\/wp-content\/uploads\/2020\/03\/unnamed.jpg?fit=1000%2C275&ssl=1","_links":{"self":[{"href":"https:\/\/madisoncountycourier.com\/index.php?rest_route=\/wp\/v2\/posts\/111621","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/madisoncountycourier.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/madisoncountycourier.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/madisoncountycourier.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/madisoncountycourier.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=111621"}],"version-history":[{"count":0,"href":"https:\/\/madisoncountycourier.com\/index.php?rest_route=\/wp\/v2\/posts\/111621\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/madisoncountycourier.com\/index.php?rest_route=\/wp\/v2\/media\/111622"}],"wp:attachment":[{"href":"https:\/\/madisoncountycourier.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=111621"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/madisoncountycourier.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=111621"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/madisoncountycourier.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=111621"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}