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

Tiny company owners in New York, New Jersey, Connecticut, Massachusetts and Pennsylvania have until eventually June 6 to utilize for a Small Business enterprise Administration (SBA) Economic Affect Catastrophe Mortgage similar to Hurricane Ida.

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

The June 6 deadline is for done programs. In other terms, full with all needed paperwork. For far more information and facts, go to the SBA site for EIDLs, or get in touch with 800-659-2955.

EIDL Loans for Hurricane Ida Aid

Here’s some extra data on how to implement and how much reduction money is offered for the EIDL Mortgage software for tiny enterprises influenced by Hurricane Ida.

Who Can Apply?

The Hurricane Ida EIDL acceptance location is large. It features 15 counties in New York, Pike County in Pennsylvania, Berkshire County in Massachusetts, Fairfield and Litchfield counties in Connecticut and three counties (Bergen, Passaic and Sussex) in New Jersey.

How Substantially is Readily available?

The Financial Affect Disaster Bank loan (EIDL) is a working capital bank loan from the SBA. Small firms, compact agricultural cooperatives (including aquaculture organizations), and nonprofits can apply. Nonprofits can include things like meals kitchens, homeless shelters, museums, libraries, community centers, educational facilities and faculties.

Financial loans of up to $2 million are obtainable, at 2.85% fascination with phrases up to 30 many years. For non-revenue, the desire level 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.

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