Filing Deadline Approaches for Rural Economic Disaster Assistance in Clinton County, New York

WASHINGTON - The U.S. Small Business Administration (SBA) is reminding small businesses and private nonprofit organizations that suffered economic injury from the flooding that occurred
July 9-10, 2023 that the deadline to apply for an Economic Injury Disaster Loan (EIDL) is Sept. 3, 2024.

Low-interest federal EIDLs are available to small businesses and private nonprofits organizations in Clinton County, New York that were economically affected by last July's flooding. SBA Administrator Isabel Casillas Guzman acted under the Disaster Assistance for Rural Communities Act to declare a disaster in response to a request received from Gov. Kathy Hochul.

Small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations of any size can apply for an EIDL to help meet working capital needs caused by the disaster. Economic injury assistance is available regardless of whether the business suffered any property damage.

Interest rates are 4% for businesses and 2.375% for private nonprofit organizations with terms up to 30 years. Interest does not begin to accrue, and monthly payments are not due, until 12 months from the date of the initial disbursement. The SBA sets loan amounts and terms based on each applicant's financial condition.

For more information and to apply online visit SBA.gov/disaster. Applicants may also call SBA's Customer Service Center at (800) 6592955 or email [email protected] for information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.

The deadline to apply for economic injury is Sept. 3, 2024.

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About the U.S. Small Business Administration

The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow, expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.