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SBA help for householders and business

Help From SBA 

U.S. Small Business Administration 

HOMEOWNERS, RENTERS AND BUSINESSES, if you had losses due to Hurricane Irene in New York, you may qualify for help from the SBA……

WHO QUALIFIES?

    • HOMEOWNERS, RENTERS, BUSINESSES and NON-PROFITS with physical damages from  Hurricane Irene.
    • SMALL BUSINESSES, and MOST PRIVATE, NON-PROFITS having difficulty meeting operating expenses, payroll, accounts payable  and notes payable as a result of damage or losses caused by Hurricane Irene.

WHAT QUALIFIES?

    • REAL ESTATE (homes and businesses)
    • PERSONAL PROPERTY (personal belongings such as clothing, furniture & automobiles for homeowners and renters)
    • BUSINESS INVENTORY, MACHINERY & EQUIPMENT
    • WORK CAPITAL  (small businesses and most private non-profit organizations)

WHAT ARE THE TERMS?

Interest rates on SBA loans are as low as 2.5% for Homeowners/Renters, 3% for Non-Profits and 4% for Businesses, up to 30 years at the following limits:

    • UP TO $200,000 FOR HOMES*
    • UP TO $40,000 FOR PERSONAL PROPERTY*
    • UP TO $2,000,000 FOR BUSINESSES AND NON-PROFITS*

*SBA loans are for uninsured losses.  If you have insurance, you may still be eligible for losses not covered by your insurance. You do not have to wait for an insurance settlement before applying with SBA.

HOW TO APPLY:

Register for Help By Calling: 1-800-621-FEMA (3362)

Call SBA Customer Service Center at 1-800-659-2955 for more information or to find the temporary FEMA/SBA Recovery Centers nearest you.

SBA NY 12776 (09/04/11)

Click here for a downloadable pdf of this information.

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