Deadline Approaching for NY, NJ, MA, PA and CT Small Businesses and Nonprofits to Get EIDLs from Hurricane Ida

Deadline Approaching for NY, NJ, MA, PA and CT Small Businesses and Nonprofits to Get EIDLs from Hurricane Ida

Smaller enterprise house owners in New York, New Jersey, Connecticut, Massachusetts and Pennsylvania have until eventually June 6 to use for a Little Enterprise Administration (SBA) Economic Impact Disaster Personal loan similar to Hurricane Ida.

Hurricane Ida pummeled the northeast coast for 3 days, September 1-3, 2021.

The June 6 deadline is for done apps. In other text, total with all necessary paperwork. For a lot more facts, go to the SBA web site for EIDLs, or contact 800-659-2955.



EIDL Loans for Hurricane Ida Relief

Here’s some extra information on how to use and how substantially reduction funds is offered for the EIDL Loan program for little enterprises affected by Hurricane Ida.

Who Can Apply?

The Hurricane Ida EIDL approval area is broad. It involves 15 counties in New York, Pike County in Pennsylvania, Berkshire County in Massachusetts, Fairfield and Litchfield counties in Connecticut and 3 counties (Bergen, Passaic and Sussex) in New Jersey.

How A great deal is Offered?

The Financial Effect Catastrophe Personal loan (EIDL) is a performing money loan from the SBA. Tiny enterprises, little agricultural cooperatives (which include aquaculture enterprises), and nonprofits can apply. Nonprofits can include things like foods kitchens, homeless shelters, museums, libraries, community facilities, colleges and faculties.

Loans of up to $2 million are accessible, at 2.85% fascination with phrases up to 30 a long time. For non-income, the curiosity price 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 financial loans.

For the most recent, observe us on Google Information.

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