Greater Newport Chamber of Commerce’s Post

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

🌪️ 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

5 Reasons Why SBA Disaster Loans Are Essential for Recovery In the wake of natural disasters like Hurricane Beryl, small businesses face numerous challenges. The U.S. Small Business Administration disaster loan program offers support. 👉 Access to substantial funds: Loans of up to $2 million can help cover significant expenses during recovery. 👉 Low-interest rates: The 4% interest rate makes borrowing more affordable. 👉 Long repayment terms: Loans are payable over 30 years, easing the financial burden. 👉 Versatile use of funds: Funds can be used for payroll, vendor payments, rent, and more. 👉No prepayment penalties: Businesses can repay the loan early without additional costs. The SBA’s disaster loan program is a lifeline for small businesses, providing the necessary financial support to recover and rebuild. 🔊 Hurricane Beryl Recovery Fund: https://lnkd.in/dMN--5DS

🚨 Attention Northwoods Businesses 🚨 Struggling due to the lack of winter snow? Relief is here! Thanks to Governor Tony Evers and U.S. Sen. Tammy Baldwin, many Wisconsin businesses impacted by the mild winter can now apply for federal disaster loans. The US Small Business Administration (SBA) recognizes the challenges faced by businesses reliant on winter activities like skiing, snowshoeing, and snowmobiling. They're extending assistance to cover losses attributed to the low snowfall, treating it as a drought-related issue. If your county is already designated for drought assistance, you're eligible for the U.S. SBA Economic Impact Disaster Loans (EIDL). These loans offer up to $2 million to cover actual losses, with no interest for the first year. Don't miss out on this lifeline. Act now! Visit https://lnkd.in/gZZUFwse for county deadlines and more info. Let's navigate through this together, stronger 💪  #SupportLocal #NorthernWI #EconomicRelief

ATTENTION SMALL BUSINESS -HURRICANE BERYL ASSISTANCE If you are located in the following Texas counties, Chambers, Fort Bend, Galveston, Harris, Jackson, Jasper, Jefferson, Liberty, Matagorda, Montgomery, Nacogdoches, Orange, Polk, San Jacinto, Walker & Wharton; for economic injury only in the contiguous Texas counties of: Angelina, Austin, Calhoun, Cherokee, Colorado, Grimes, Hardin, Houston, Lavaca, Madison, Newton, Rusk, Sabine, San Augustine, Shelby, Trinity, Tyler, Victoria & Waller; and for economic injury only in the contiguous Louisiana parishes of: Calcasieu & Cameron Application Filing Deadlines: Physical Damage: September 10, 2024 Economic Injury: April 14, 2025 If you are located in a declared disaster area, you may be eligible for financial assistance from the U.S. Small Business Administration (SBA). What Types of Disaster Loans are Available? • Business Physical Disaster Loans – Loans to businesses to repair or replace disaster-damaged property owned by the business, including real estate, inventories, supplies, machinery and equipment. Businesses of any size are eligible. Private, non-profit organizations such as charities, churches, private universities, etc., are also eligible. • Economic Injury Disaster Loans (EIDL) – Working capital loans to help small businesses, small agricultural cooperatives, small businesses engaged in aquaculture, and most private, non-profit organizations of all sizes meet their ordinary and necessary financial obligations that cannot be met as a direct result of the disaster. These loans are intended to assist through the disaster recovery period. • Home Disaster Loans – Loans to homeowners or renters to repair or replace disaster-damaged real estate and personal property, including automobiles. #smallbusiness #entrepreneurial #smallbusinessassistance

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

Storm Shelter Loans! With Oklahoma weather, it’s always nice to have a safe and secure place for your family to find shelter. That’s why True Sky Federal Credit Union offers loans for storm shelters. Whether you are looking for an above-ground safe room or an underground shelter, let True Sky Federal Credit Union help you get started with storm shelter loans. Call us at (405) 682-1990 to apply now.Federally Insured By The NCUA. 💙🤍 Credit criteria applies*. Rates are subject to change at any time, and payment will vary based on the loan amount. Credit Union membership required with a minimum $5.00 share account. No application fee. No annual fee. No interest is charged until you use the funds APR = Annual Percentage Rate. Rate effective as of 2/26/24and subject to change at any time. Credit restrictions apply. Max loan amount of $5,000. Payment example: 36 monthly payments of $29.08 for every $1,000 financed.

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

🏡 Rebuild or Replace with 203(h) Disaster Relief Home Loans 🏡 Victims of major disasters, we're here to help! Our 203(h) loans offer 100% financing with no down payment. Purchase or reconstruct your primary residence with ease. 🔗 Apply within one year of the disaster declaration. #DisasterRelief #HomeLoans #Rebuild #HomeOwnership #DisasterRecovery #MSMLending #WeGetItDone

The U.S. Small Business Administration is offering low-interest federal disaster loans for working capital to small businesses economically impacted by the recent winter ice storm that occurred Jan. 12 – 20 in Oregon and SW Washington. SBA acted under its own authority to declare a disaster following a request received from Gov. Tina Kotek on Feb. 6. The disaster declaration makes SBA assistance available in Benton, Clackamas, Clatsop, Columbia, Deschutes, Douglas, Hood River, Klamath, Lane, Lincoln, Linn, Marion, Multnomah, Polk, Tillamook, Wasco, Washington and Yamhill counties in Oregon; and Clark, Pacific, Skamania and Wahkiakum counties in Washington. The Oregon Small Business Development Center Network is offering free, personalized counseling to help affected businesses in their recovery. Businesses may contact the Oregon SBDC at oregonsbdc.org to find the most convenient SBDC center and click on the “Request Advising” webpage link. Read the complete SBA Disaster Press Release ▶ https://lnkd.in/gsPbDSXX en español ▶ https://lnkd.in/esVJTs9Y Fact Sheet: Economic Injury Disaster Loan ▶ https://lnkd.in/e32Vj7de Hoja De Datos - Préstamos Para Pérdidas Económicas ▶ https://lnkd.in/e_BXFusH