Over $118 Million in SBA Disaster Loans Approved in New York

ATLANTA, Dec. 10, 2012 /PRNewswire-USNewswire/ -- The U. S. Small Business Administration has approved more than $118 million in Disaster Assistance Loans for residents and businesses in New York affected by Hurricane Sandy.

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"Currently, 1,945 disaster loans have been approved in the amount of $118,791,500 for affected survivors," said Frank Skaggs, director of SBA's Field Operations Center East in Atlanta.  "We are pleased to get these loans approved so residents in the disaster area can start to rebuild and resume their normal lives. I encourage anyone who has not completed their disaster loan application to do so and return it as quickly as possible."

The disaster declaration covers the counties of Bronx, Kings, Nassau, New York, Orange, Putnam, Queens, Richmond, Rockland, Suffolk, Sullivan, Ulster and Westchester which are eligible for both Physical and Economic Injury Disaster Loans from the SBA.  Small businesses and most private non-profit organizations in the following adjacent counties are eligible to apply only for SBA Economic Injury Disaster Loans:  Columbia, Delaware, Dutchess and Greene in New York; Fairfield in Connecticut; Bergen, Hudson, Passaic and Sussex in New Jersey; and Pike and Wayne in Pennsylvania.

Survivors may apply online using the Electronic Loan Application (ELA) via SBA's secure website at https://disasterloan.sba.gov/ela.

Additional details on the locations of recovery centers and the loan application process can be obtained by calling the SBA Customer Service Center at 800-659-2955 (800-877-8339 for the deaf and hard-of-hearing) or by sending an email to [email protected].  Loan applications can be downloaded from www.sba.gov.  Completed applications can be returned to a recovery center or mailed to:  U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.

The filing deadline to return applications for physical property damage has been extended to
January 28, 2013. The deadline to return economic injury applications is July 31, 2013.

For more information about the SBA's Disaster Loan Programs, visit our website at www.sba.gov.       

Contact: Mark Ihenacho
Phone: 404-331-0333

Release Number: 13-125 NY 13365/13366

SOURCE U.S. Small Business Administration

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