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Disaster loans available

December 19, 2008
Federal economic injury disaster loans are available to small businesses, small agricultural cooperatives, and most private, non-profit organizations of all sizes damaged from rain, hail, high winds, flooding, and lightning that began on May 3.

Loans are available in the following counties: Albany, Broome, Cayuga, Chemung, Chenango, Clinton, Columbia, Cortland, Delaware, Dutchess, Essex, Franklin, Genesee, Greene, Hamilton, Herkimer, Jefferson, Lewis, Livingston, Madison, Monroe, Nassau, Niagara, Oneida, Onondaga, Ontario, Orange, Orleans, Oswego, Otsego, Putnam, Queens, Rensselaer, Rockland, Saint Lawrence, Saratoga, Schoharie, Schuyler, Seneca, Steuben, Suffolk, Sullivan, Tioga, Tompkins, Ulster, Warren, Washington, Wayne, Westchester, and Yates.

Eligible small businesses and non-profit organizations may qualify for loans up to $2 million from the U.S. Small Business Administration. The loans are available at a 4 percent interest rate with loan terms up to 30 years. Agricultural producers are not eligible.

Disaster victims should contact the SBA by calling 1-800-659-2955 or 1-800-877-8339 for the hearing-impaired Monday through Friday from 8 a.m. to 9 p.m., and Saturday and Sunday 9 a.m. to 9 p.m. or by e-mail at disastercustomerservice@sba.gov.

Loan applications are on the SBA's Web site at www.sba.gov/services/disasterassistance. Completed applications should be mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155 no later than July 1, 2009.

Source:http://www.cnybj.com/index.php