"Low-interest federal disaster loans are available to small businesses and private nonprofit (PNP) organizations in New York to offset economic losses caused by freeze, ice floes, and tidal surge incidents between Jan. 26 and February 23. Suffolk, Nassau, and New York City counties are all eligible. The Declaration Number is NY-20032, and the filing deadline is Dec. 21, 2026."
"Under this declaration, the SBA's Economic Injury Disaster Loan (EIDL) program is available to eligible small businesses, small agricultural cooperatives, and PNPs-including faith-based organizations-with financial losses directly related to this disaster. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for aquaculture enterprises. EIDLs are available for working capital needs resulting from the disaster and can be used even if the small business or PNP did not suffer any physical damage."
"The loans may be used to pay fixed debts, payroll, accounts payable, and other bills that could not be paid due to the disaster. "Through a declaration by the U.S. Secretary of Agriculture, SBA provides critical financial assistance to help communities recover," said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. "We're pleased to offer loans to small businesses and private nonprofits impacted by these disasters.""
"The loan amount can be up to $2 million, with interest rates as low as 4% for small businesses and 3.625% for PNPs, and terms of up to 30 years. Interest does not accrue, and payments are not due until 12 months after the first loan disbursement. The SBA sets loan amounts and terms based on each applicant's financial condition. To apply online, visit sba.gov/disaster. Applicants may also call SBA's Customer Service Center at (800) 659-2955 or email disastercustomer"
Low-interest federal disaster loans are available through the SBA Office of Disaster & Recovery Resilience for small businesses and private nonprofit organizations in New York. The loans cover economic losses caused by freeze, ice floes, and tidal surge incidents occurring between Jan. 26 and Feb. 23. Suffolk, Nassau, and New York City counties are eligible under Declaration Number NY-20032, with a filing deadline of Dec. 21, 2026. The SBA Economic Injury Disaster Loan program provides working capital for financial losses directly related to the disaster, even without physical damage. Funds can be used for fixed debts, payroll, accounts payable, and other bills. Loan amounts can reach $2 million, with interest rates as low as 4% for small businesses and 3.625% for private nonprofits, and terms up to 30 years. Interest does not accrue and payments are deferred for 12 months after the first disbursement. Applications are available at sba.gov/disaster or via SBA customer service.
#sba-disaster-loans #economic-injury-disaster-loan-eidl #new-york-disaster-recovery #small-business-assistance #private-nonprofit-funding
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