Small businesses hurt by COVID-19 throughout the entire state of New York are eligible for SBA assistance.
This includes small businesses, private non-profit organizations of any size, small agricultural cooperatives and small aquaculture enterprises that have been financially impacted as a direct result of the Coronavirus (COVID-19) since Jan. 31, 2020.
These companies may qualify for Economic Injury Disaster Loans of up to $2 million to help meet financial obligations and operating expenses which could have been met had the disaster not occurred..
Loans of up to 30 years with a maximum interest rate of 3.75 may be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact.
The SBA promises to be swift in their efforts to help these small businesses recover from the financial impacts of the Coronavirus (COVID-19).
Applicants may apply online, receive additional disaster assistance information and download applications at disasterloan.sba.gov. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email email@example.com.
The filing deadline is Dec. 21, and completed applications should be mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.