Low-interest loans still available for businesses recovering from the remnants of Hurricane Ida
Governor Tom Wolf said today that low-interest loans from the U.S. Small Business Administration (SBA) are available for small businesses, small agricultural cooperatives, small businesses engaged in aquaculture, and organizations non-profit organizations affected by the remnants of Hurricane Ida from August 31 to August 31. September 5, 2021.
“For many of us, it seems like Hurricane Ida swept through Pennsylvania a long time ago, but businesses that are still recovering are seeing the impact of this storm every day,” Governor Wolf said. “Even if your business did not suffer physical damage from the storm, economic losses can be mitigated by these loans.”
The application deadline is June 10, 2022. Loans are available for businesses in the following counties: Adams, Bedford, Berks, Blair, Bucks, Cambria, Carbon, Chester, Cumberland, Dauphin, Delaware, Fulton, Huntingdon, Lancaster, Lehigh, Monroe, Montgomery, Northampton, Philadelphia, Somerset and York.
Loans of up to $2 million can be used to pay fixed debts, payroll, accounts payable and other bills that could have been paid had the disaster not occurred. Loans are not intended to replace lost sales or profits. The SBA determines eligibility based on the applicant’s size, type of business, and financial resources. Loan amounts and terms are set by the SBA and are based on each applicant’s financial situation.
Applicants can apply online using the Electronic Loan Application (ELA) through the SBA’s secure website and must apply under SBA statement #17166.
Disaster loan information and application forms can also be obtained by calling the SBA Customer Service Center at 800-659-2955 (if you are deaf, hard of hearing, or have a speech impediment , please dial 7-1-1 to access telecommunications relay services) or by emailing [email protected] Loan applications can also be downloaded from the SBA website and completed applications should be mailed to: US Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.