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The U.S. Small Business Administration recently announced that Newport County is now included in the disaster declarations in Rhode Island for the severe storms and flooding that occurred on Dec. 17-19, 2023 and Jan. 9-13, 2024.  The disaster declarations cover Kent, Providence, and Washington counties in Rhode Island, which are eligible for both Physical and Economic Injury Disaster Loans from the SBA. Small businesses and most private nonprofit organizations in the following adjacent counties are eligible to apply only for SBA Economic Injury Disaster Loans (EIDLs): Bristol and Newport in Rhode Island; New London and Windham in Connecticut; and Bristol, Norfolk, and Worcester in Massachusetts. To learn more, join the SBA for a virtual workshop to give homeowners, renters, and especially small business owners an opportunity to learn about SBA recovery resources. Learn about low-interest federal disaster loans available for the severe storms & flooding that occurred December 17-19, 2023, and January 9-13, 2024. https://lnkd.in/e6w8XzsY

New Post: Georgia SBA Disaster Loan Deadline for Storm Damage Nears - https://lnkd.in/gtUWmHyP - The U.S. Small Business Administration (SBA) is encouraging businesses and private nonprofit organizations in Pennsylvania to apply for economic damage assistance due to the flash flooding and severe storms that struck Berks County on July 9, 2023. The deadline to apply is June 28, 2024. This disaster declaration includes Berks County and the adjacent counties of Chester, Lancaster, Lebanon, Lehigh, Montgomery, and Schuylkill. The SBA provides Economic Injury Disaster Loans (EIDL) to help cover working capital needs caused by the disaster. These loans are available to small businesses, small agricultural cooperatives, small businesses engaged in aquaculture, and most private nonprofit organizations. Importantly, this assistance is available whether or not the business suffered physical property damage. Eligible businesses and organizations can apply for loans up to $2 million, with interest rates set at 4% for small businesses and 2.375% for private nonprofit organizations. The loan terms can extend up to 30 years, with loan amounts and terms determined by the applicant’s financial condition. Additionally, interest does not accrue, and payments are not due until twelve months after the first loan disbursement. Eligibility criteria include the size of the applicant, type of activity, and financial resources. These working capital loans can be used to cover fixed debts, payroll, accounts payable, and other bills that could have been paid had the disaster not occurred. However, these loans are not meant to replace lost sales or profits. Applications can be submitted online, and additional disaster assistance information is available at SBA.gov/disaster. For further assistance, applicants can contact the SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov. For individuals who are deaf, hard of hearing, or have a speech disability, telecommunications relay services can be accessed by dialing 7-1-1. Completed loan applications must be submitted to the SBA by June 28, 2024. Image: Envato This article, "Georgia SBA Disaster Loan Deadline for Storm Damage Nears" was first published on Small Business Trends - #news #business #world -------------------------------------------------- Download: #Google #Font #Tester - https://lnkd.in/gKAZYbVN

SBA has approved over $300 million in disaster loans: $106 million for businesses and $195 million for residents to help rebuild and recover from the Maui wildfires. SBA will continue to accept late applications from businesses and residents in Maui County who sustained damages for property damage through June 11. May 10, 2024 is the deadline to apply for an SBA federal disaster loan for economic injury. These low-interest disaster loans are available in Hawaii, Honolulu, Kalawao, Kauai and Maui counties in Hawaii. Economic Injury Disaster Loans are available to businesses and private non-profit organizations to help meet working capital needs caused by the disaster. Economic injury assistance is available regardless of whether the business suffered any property damage. No one is obligated to accept an approved loan. SBA customer service representatives are available at the locations below to answer questions about SBA’s disaster loan program, explain the application process, and help each individual complete their application. Applicants may apply online and receive additional disaster assistance information at https://lnkd.in/gBn4hc5j . Applicants may also call SBA’s Customer Service Center at (800) 659 2955 or email disastercustomerservice@sba.gov  for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services. #mauiwildfires #sbadisasterloans #disasterrecovery

As Michigan continues to face record high winter temperatures, Governor Gretchen Whitmer urged Michigan small businesses impacted by lack of snow to apply for federal funding from the Small Business Administration (SBA). Amid the warmest winter on record, with days in February and March topping 60 degrees, federal Economic Injury Disaster Loans are available because of ongoing federal drought declarations affecting 42 Michigan counties. Submit applications and find additional disaster assistance information at https://lending.sba.gov. Call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. If you are deaf, hard of hearing, or have a speech-related disability, please dial 7-1-1 to access telecommunications relay services. Applicants may also contact the Michigan Small Business Development Center at 1-833-522-0025 or email sbdcmichigan@gvsu.edu. https://lnkd.in/eANWKagK

I hope your small business was not impacted by yesterday's devastating storm. If it was, here are a few helpful resources to support you during this challenging time: 🔔 Please reach out to your local Small Business Development Center (SBDC) for help. The University of Houston Texas Gulf Coast SBDC Network | UHSBDC provides a comprehensive Business Assessment checklist that will help identify what needs to be done and where to start on an action plan for your business to recover. The link to help you find your local office and the SBDC Business Assessment checklist are in the comments section. 🔔 There cannot be a better time than this to learn about disaster preparedness and low-interest federal disaster loans for businesses of all sizes. 🔔Disaster loans are available not just for businesses of all sizes but also for private nonprofit organizations, homeowners, and renters who may be affected by a declared disaster. This would include natural disasters such as hurricanes, flooding, and wildfires. Check out the link to register attached, brought to you by the SBA Houston District Office and SCORE Mentors Houston on May 22nd, 2024. 🔔 If you suffered property damage from recent severe storms and flooding, submit a damage survey for homes and businesses to the Texas Division of Emergency Management (TDEM). This will help officials identify impacted areas and connect impacted Texans with recovery resources: https://lnkd.in/gTxYemFt 🔔 Last but not least, know where to go to get updated information, including local television and radio, as well as official websites such as the @City of Houston Emergency Operations Center (houstonemergency.org). Register for alerts at www.alerthouston.org. Stay blessed! Stay safe Texans 🙏 SBA Houston District Office SCORE Mentors Houston University of Houston Texas Gulf Coast SBDC Network | UHSBDC Women's Business Enterprise Alliance #disasterpreparedness #alerthouston #smallbusiness

The U.S. Small Business Administration Office of #DisasterRecovery and Resilience today announced the opening of two Business Recovery Centers in #WestVirginia to meet the needs of businesses who were affected by severe #storms, flooding, landslides, and mudslides that occurred Aug. 28-30, 2023. The #disaster declaration covers Boone, Calhoun, Clay, Harrison, and Kanawha counties in West Virginia, which are eligible for both Physical and Economic Injury Disaster Loans from the SBA. Small businesses and most private nonprofit organizations in the following adjacent counties are eligible to apply only for SBA Economic Injury Disaster Loans (EIDLs): Barbour, Braxton, Doddridge, Fayette, Gilmer, Jackson, Lewis, Lincoln, Logan, Marion, Nicholas, Putnam, Raleigh, Ritchie, Roane, Taylor, Upshur, Wetzel, Wirt, and Wyoming in West Virginia. Interest rates are as low as 4% for businesses, 2.375% for nonprofit organizations, and 2.5% for homeowners and renters, with terms up to 30 years. Interest does not begin to accrue, and monthly payments are not due, until 12 months from the date of the initial disbursement. Loan amounts and terms are set by the SBA and are based on each applicant’s financial condition. To be considered for all forms of disaster assistance, applicants should register online at DisasterAssistance.gov or download the FEMA mobile app. If online or mobile access is unavailable, applicants should call the FEMA toll-free helpline at 800-621-3362. Those who use 711-Relay or Video Relay Services should call 800-621-3362. Applicants may apply online and receive additional disaster assistance information at sba.gov/disaster. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.

🌪️ Need Help After the Storms? 🌧️ If you or your business were impacted by the April severe storms in St. Albans, the U.S. Small Business Administration (SBA) is offering disaster loans to help you recover. 🏚️💼 ➡️ Learn more about how to apply for physical and economic injury disaster loans. Deadlines are approaching! 👇 Read the full details 👇 https://lnkd.in/g7bGrJbb #StAlbansStrong #DisasterRecovery #SBALoans

Low-interest federal disaster loans are now available to Texas businesses and residents as a result of President Biden’s major disaster declaration, U.S. Small Business Administration’s Administrator Isabella Casillas Guzman announced. The declaration covers Harris, Liberty, Montgomery, Polk, San Jacinto, Trinity and Walker counties because of the severe storms, straightline winds, tornadoes and flooding that began on April 26. Businesses of all sizes and private nonprofit organizations may borrow up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory and other business assets. SBA can also lend additional funds to help with the cost of improvements to protect, prevent or minimize disaster damage from occurring in the future. https://lnkd.in/gB2V9Z5G

🌟Economic Relief Announcement for Wisconsin Businesses 🌟 Dear EDC Community, We understand the challenges our local businesses are facing due to the mild winter and low snowfall. Governor Tony Evers and U.S. Senator Tammy Baldwin have partnered to bring federal disaster loan support through the U.S. Small Business Administration (SBA). 🚀Key Information: Support Offered: Economic Injury Disaster Loans Amount: Up to $2 million Interest: No interest for the first year 🗓️Act Promptly! To check eligibility and apply, visit https://lending.sba.gov/. Application deadlines vary by county, so prompt action is crucial to secure relief. 📞Need Assistance? For more information, contact SBA's Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov. Let's rally together to ensure our local businesses receive the support they need! 💪🏽 🔗Click the link below to read the full press release. #SupportLocalBusiness #EconomicRelief #CommunityStrong

The U.S. Small Business Administration (SBA) announced the agency finalized a rule to increase support to disaster survivors and small businesses needing relief following a federally declared disaster. The rule became effective for all disasters declared on or after July 31, 2023. The SBA is also expanding its mitigation assistance to other types of hazards beyond the declared disaster event. Communities are often under threat from multiple types of hazards, including hurricanes, floods, tornadoes, wildfires, earthquakes and more. The announcement will ensure that property owners can use their disaster loan funds to rebuild stronger and more resilient against multiple types of hazards and not just against a single threat. Some of the key changes include increasing loan limits for primary residence and personal property, increasing initial payment deferral periods, and no interest accruals for the first 12 months for all disaster loans. For a complete list of key changes announced by the SBA, view more to access the Press Release: https://lnkd.in/dyCvEZSa #fundingupdate #volusiabusinessresources #weareVBR