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The U.S. Small Business Administration (SBA) has opened a Business Recovery Center (BRC) at the New York Power Authority, 123 Main St, White Plains, NY 10601. Customer Service Representatives will be available at the BRC to answer questions about the disaster loan program and help businesses complete their applications. Hours of operations are Monday – Friday, 9 a.m. – 5 p.m. (EDT), closed Saturday and Sunday. The center will operate until further notice.
Due to the ongoing COVID-19 pandemic, the SBA has established protocols to help protect the health and safety of the public. Visitors to the DLOC are encouraged to wear a face mask.
What Types of Disaster Loans are Available?
What are the Credit Requirements?
What are the Interest Rates?
Interest rates are as low as 2.855% for businesses, 2% for nonprofit organizations, and 1.565% for homeowners and renters, with terms up to 30 years. Loan amounts and terms are set by the SBA and are based on each applicant’s financial condition.
How to apply: In person at one of the opened centers, on-line via SBA’s secure website at at https://disasterloanassistance.sba.gov/ela/s/ (Home (sba.gov)), or by mail to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
For more information:
The filing deadline to return applications for physical property damage is November 4, 2021. The deadline to return economic injury applications is June 6, 2022.
SBA Press Release