ADDITIONAL FORMS:SBA Disaster Assistance Link: http://www.sba.gov/taxonomy/term/99
Eligibility for Disaster Unemployment Assistance:
Disaster Unemployment Assistance.pdf
DISASTER RELIEF FOR SMALL BUSINESSES
For immediate release – Aug. 31. 2011
The U.S. Department of Homeland Security's Federal Emergency Management Agency (FEMA) announced that federal aid has been made available to the State of New York to supplement state and local recovery efforts in the area affected by Hurricane Irene beginning on August 26, 2011, and continuing. The President's action makes federal funding available to affected individuals in Ulster County.
Assistance can include low-cost loans to cover uninsured or underinsured property losses and other programs to help business owners recover from the effects of the disaster.
If you have a business that suffered damages from Hurricane Irene, here are some steps to follow immediately:
Whether you own your own business, or own a small agricultural concern or are part of a cooperative located in a declared disaster area, and are the victim of this disaster, you may be eligible for financial assistance from the U. S. Small Business Administration (SBA). Application filing deadlines are Oct. 31, 2011 for physical damage, and May 31, 2012 for economic injury. http://www.sba.gov/sites/default/files/Factsheet%20NY%2012776.pdf
To get help for your business and get you started with the processes of these relief programs (FEMA, SBA), you can contact the Mid-Hudson Region Small Business Development Center (SBDC) at 845-339-0025 and/or Ulster Biz Help at (855) 249-4357.
All support services provided by government agencies during disasters are free – beware of scams! Don’t fall prey to empty promises by individuals who make false claims and require you to give them money or confidential information about your bank account, credit card number, etc.
New York Business Development Corporation (NYBDC)
New York Business Development Corporation (NYBDC) approved a loan program yesterday in response to financing needs as a result of damage from Hurricane Irene. This program is aimed towards providing 'quick liquidity' (i.e. cash). The following bullet points summarize the program:
About NYBDC (http://www.nybdc.com/index.html)
New York Business Development Corporation (NYBDC) is a complement to conventional banking, working in partnership with banks to provide term loans, many of which do not meet the requirements for traditional financing. Our goal is to be more creative in our underwriting. In many cases, we include multiple participations, SBA guarantees, flexible amortization and long-term payouts.
Note: Ulster County has also been given a disaster declaration for “Lee” in addition to “Irene”