Apply for Disaster Relief Loans in Western New York and Get Help Fast!
The recent blizzard in Western New York left a trail of destruction, causing severe damage to homes, businesses, and properties. The aftermath has left many individuals and families in dire need of financial assistance to help them rebuild their lives. Fortunately, the Small Business Administration (SBA) has responded to the disaster by opening two disaster loan outreach centers in Erie County, which offer long-term, low-interest loans to those affected.
The SBA has made loans available to a wide range of people, including homeowners, renters, businesses, and non-profits. Homeowners can receive up to $200,000 for physical damage and $40,000 for damage to their belongings. Meanwhile, small businesses can receive loans of up to $2 million for physical damage or economic injury, which can include compensation for losses incurred during the disaster such as payroll, working capital, and other necessary expenses.
Applying for disaster loans can be a daunting task, especially for those who may not be tech-savvy or have internet access. The SBA understands this and has opened two disaster loan outreach centers in Erie County to assist people with their applications and inform them of the loans available. The centers are open from Monday to Saturday, 9 a.m. to 5 p.m., for at least two weeks.
The SBA’s goal is to help people affected by the disaster get back on their feet. Jim Accurso, the SBA Office of Disaster Recovery and Resilience public affairs specialist, stated that they understand the challenges that come with the aftermath of a disaster and that’s why they’re providing loans to make recovery easier and accessible to everyone.
It’s crucial to note that the deadline for loan applications for physical damage is April 28th, while the economic injury loan application deadline is November 27th. The SBA strives to provide a response within two to five weeks and pay out the approved amount within about five days. While the SBA’s disaster loan outreach centers provide in-person assistance, it’s essential to apply as soon as possible to avoid missing out on the opportunity for financial assistance.
Reginald Griggs, a Western New Yorker who was affected by the disaster, shared his experience with the SBA application process. Griggs stated that the website was difficult to navigate, so he chose to apply in person. He was pleased to hear about the SBA disaster loan outreach centers opening in Erie County, which provide assistance to those who may have difficulty with online applications.
“I just think this is a great idea,” Griggs said. “It’s a good benefit for the community so I’m happy about that.”
The SBA disaster loan outreach centers in Western New York offer a glimmer of hope for those affected by the recent disaster. By providing long-term, low-interest loans, the SBA aims to help the community recover and get back on its feet. The centers offer in-person assistance, making it easier for those who may not be able to navigate online applications. Don’t miss out on this opportunity for financial assistance – visit the SBA disaster loan outreach centers or website and apply today. Remember, the deadline is fast approaching, so act now to secure your financial future.