Disaster recovery center opens to help with disaster assistance
WHITE PLAINS, NY – Theon Tuesday announced the opening of a Business Recovery Center in the New York Power Authority building in White Plains.
The center will provide one-on-one assistance to businesses and residents to apply for a disaster loan for the remnants of Hurricane Ida from September 1-3.
Businesses, landlords, tenants, and private non-profit organizations in New York City counties of the Bronx, Kings, Nassau, Queens, Richmond, Suffolk and Westchester can apply for physical disaster loans and disaster loans. economic disaster with the SBA.
Small businesses and most private non-profit organizations in the following adjacent counties are only eligible for SBA Economic Disaster Loans: New York, Orange, Putnam, and Rockland in New York; Fairfield, Connecticut; and Bergen, New Jersey.
The center will be open from 9 a.m. to 5 p.m. Monday to Friday until further notice.
The New York Power Authority Building is located at 123 Main St. in White Plains.
Customer service representatives will be available at the center to answer questions about the disaster loan program and help business owners, landlords and tenants complete their applications. Due to the ongoing COVID-19 pandemic, the SBA has established protocols to help protect the health and safety of the public. All visitors to the center are encouraged to wear a face mask.
Businesses of all sizes and private non-profit organizations can borrow up to $ 2 million to repair or replace real estate, machinery and equipment, inventory and other business assets damaged or destroyed by a disaster. .
For small businesses, small agricultural cooperatives, small businesses engaged in aquaculture, and most private non-profit organizations, the SBA offers economic disaster loans to help meet the working capital needs caused. by disaster. Economic Damage Claim Assistance is available whether or not the business has suffered property damage.
Disaster loans of up to $ 200,000 are available to homeowners to repair or replace real estate damaged or destroyed by a disaster. Homeowners and tenants are entitled to up to $ 40,000 to repair or replace personal property damaged or destroyed by a disaster.
Applicants may be eligible for an increase in the loan amount up to 20 percent of their physical damage, as verified by the SBA, for mitigation purposes. Qualifying mitigation upgrades may include a sump pump, elevation, French drain, or retaining wall to help protect the property and occupants from future damage from a similar disaster.
Interest rates are as low as 2.855 percent for businesses, 2 percent for nonprofits, and 1.563 percent for landlords and tenants, with terms of up to 30 years. The amounts and terms of the loan are set by the SBA and are based on the financial status of each applicant.
Applicants can apply online using the electronic loan application through SBA’s secure website and must apply under SBA Statement # 17147, not for the COVID-19 incident.
To be considered for all forms of disaster assistance, applicants must register online or download the FEMA mobile app. If online or mobile access is not available, applicants should call the FEMA toll-free helpline at 800-621-3362. Those using 711 relay or video relay services should call 800-621-3362.
Businesses and individuals can also obtain information and loan applications by calling the SBA Customer Service Center at 1-800-659-2955 (1-800-877-8339 for the deaf and hard of hearing) or by email. Loan applications can also be downloaded. Completed applications should be mailed to: US Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
The filing deadline for returning property damage claims is November 4. The deadline for returning economic damages claims is June 6.