Small enterprise house owners in New York, New Jersey, Connecticut, Massachusetts and Pennsylvania have till June 6 to use for a Small Enterprise Administration (SBA) Financial Impression Catastrophe Mortgage associated to Hurricane Ida.
Hurricane Ida pummeled the northeast coast for 3 days, September 1-3, 2021.
The June 6 deadline is for accomplished purposes. In different phrases, full with all required paperwork. For extra info, go to the SBA web site for EIDLs, or name 800-659-2955.
EIDL Loans for Hurricane Ida Aid
Right here’s some extra info on the way to apply and the way a lot aid cash is obtainable for the EIDL Mortgage program for small companies affected by Hurricane Ida.
Who Can Apply?
The Hurricane Ida EIDL approval space is huge. It consists of 15 counties in New York, Pike County in Pennsylvania, Berkshire County in Massachusetts, Fairfield and Litchfield counties in Connecticut and three counties (Bergen, Passaic and Sussex) in New Jersey.
How A lot is Out there?
The Financial Impression Catastrophe Mortgage (EIDL) is a working capital mortgage from the SBA. Small companies, small agricultural cooperatives (together with aquaculture companies), and nonprofits can apply. Nonprofits can embrace meals kitchens, homeless shelters, museums, libraries, group facilities, colleges and faculties.
Loans of as much as $2 million can be found, at 2.85% curiosity with phrases as much as 30 years. For non-profits, the rate of interest is 2%.
EIDL Hurricane Ida Monies to Date
In New York, the SBA has administered $212 million for Hurricane Ida EIDLs. In New Jersey, the SBA has administered $248 million for Hurricane Ida loans.
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