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SBA Disaster Assistance Loans Are Available for Westchester Nonprofits

  1. Westchester is eligible as a contiguous County to Connecticut. Click here for more information

  2. We have been told that there is no maximum or minimum budget size standard in determining eligibility, each case is evaluated individually.

  3. 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

  4. Please see below and this attached flier for more information.

  5. We are going through the application process ourselves in an effort to help agencies that choose to apply.

@ 2018 Nonprofit Association of Westchester, Inc. 

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