Crouch Announces SBA Economic Injury Disaster Loans in New York
Assemblyman Clifford W. Crouch (R-Bainbridge) announced today that the U.S. Small Business Administration is offering federal Economic Injury Disaster Loans to small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private, nonprofit organizations located across New York as a result of excessive rain that began on April 1, 2017.
The disaster declaration includes Chenango, Delaware and Otsego counties, which are located in Crouch’s district. Under this disaster declaration, eligible farm-related and nonfarm-related entities qualify for the SBA’s Economic Injury Disaster Loan program. Unfortunately, under this program, loans cannot be provided to agricultural producers, farmers or ranchers, with the exception of aquaculture enterprises.
“I encourage any small businesses, small agricultural cooperatives and private nonprofits directly affected by this disaster to take full advantage of these loans,” said Crouch. “These heavy rains not only affected our farmers and ranchers, but also the small businesses that directly depend on these crops and products.”
Applications can be completed online using the electronic loan application at: https://disasterloan.sba.gov/ela.
For more information on disaster loans or to request an application form, please call the SBA’s Customer Service Center at 800-659-2955 (800-877-8339 for the deaf and hard-of-hearing), or by sending an email to email@example.com. Loan applications are also available at www.sba.gov/disaster. All completed hard copy applications should be mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
Loan applications must be completed and submitted to the SBA by August 13, 2018.