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SBA Disaster Assistance Loans Are Available for Westchester Nonprofits
- Westchester is eligible as a contiguous County to Connecticut. Click here for more information
- We have been told that there is no maximum or minimum budget size standard in determining eligibility, each case is evaluated individually.
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SBA’s Economic Injury Disaster Loans:
- Offer up to $2 million in assistance and can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing.
- May be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact.
- The interest rate for non-profits is 2.75%.
- Offers loans with long-term repayments in order to keep payments affordable, up to a maximum of 30 years.
- Terms are determined on a case-by-case basis, based upon each borrower’s ability to repay.
- Learn more here: SBA Disaster Assistance in Response to the Coronavirus
- Please see below and this attached flier for more information.
- We are going through the application process ourselves in an effort to help agencies that choose to apply.
